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This is the Sunflower Market News for 10/18/2019

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Sunflowers are priced per hundred weight (CWT).

NuSun Prices

Location Oct Change Nov Change 2020 New Crop Change
Fargo ND 18.60 by 10/25/remainder 17.40  unch  17.40 unch 17.75 Cash/17.50 AOG unch
Enderlin ND 18.60 by 10/25/remainder 17.40 unch 17.40 unch 17.80 Cash/17.30 AOG unch
Goodland KS 16.95 unch 16.95 unch 17.30 AOG unch
Prices recorded here are believed to be reliable at the time of posting. All prices are subject to change. Contact these facilities for complete market details.

 

High Oleic Prices

Location Oct Change Nov Change 2020 New Crop Change
Fargo ND 18.80 by 10/25/remainder 17.85 unch  17.85 unch 18.25 Cash/18.00 AOG unch
Enderlin ND 18.80 by 10/25/remainder 17.90 unch 17.90 unch 18.30 Cash/17.80 AOG unch
Hebron ND 16.80 unch 16.80 unch NQ unch
Pingree ND 17.40 unch 17.40 unch NQ unch
Goodland KS 18.20 unch 18.20 unch 18.55 AOG unch

 

CBoT

  Trading Range Nearby Close Change
Soybean Oil -.02 to -.05 30.36 -.03
Soybean Meal +1.30 to +1.80 308.50 +1.70
Market Comments

New crop sunflower prices continue to roll at the crush plants. 2020 crop sunflower prices are out at the Cargill West Fargo crush plant with cash and Act of God (AOG) contracts available. NuSun is at $17.75 cash and $17.50 AOG. High oleic prices are $18.25 cash with $18.00 AOG. Something else to consider is the oil premiums that crush plants pay on sunflower. Sunflower is the only oilseed that pays premiums for oil content above 40%. Considering oil premiums that are offered at the crush plants on oil content above 40% at a rate of 2% price premium for each 1% of oil above 40%; this pushes a contract with 45% oil content gross return 10% higher per cwt. Nearby NuSun prices at the crush plants ended the week up 5 to 10 cents, while high oleic was unchanged to up 10 cents this week. At the beginning of October, harvest was underway but overall progress has been slow due to a major snowstorm that struck the Dakotas and Minnesota. So far, producers have harvested only 71,000 acres mainly in Colorado, Kansas and Texas. This represents 6% of this year’s projected harvested acres and is significantly behind the five-year average. Several days of warm dry weather will be needed before harvest can begin in most areas. Harvest progress, yield and crop quality will be key to prices going forward.

 

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