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This is the Sunflower Market News for 11/23/2020

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Sunflowers are priced per hundred weight (CWT).

NuSun Prices

Location November Change December Change New Crop 2021 Change
West Fargo ND 18.60 +.05 18.60 +.05 18.80 Cash/18.50 AOG +.05
Enderlin ND 18.60 +.10 18.60 +.10 18.75 Cash/18.25 AOG unch
Goodland KS 18.25 +.05 18.25 +.05  18.75 AOG +.05
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 November Change December Change New Crop 2021 Change
West Fargo ND 18.55 +.10 18.55 +.10 18.95 Cash/18.65 AOG +.15
Enderlin ND 18.60 +.10 18.60 +.10 19.00 Cash/18.50 AOG unch
Hebron ND 17.30 +.10 NQ unch NQ unch
Pingree ND 18.00 +.10 NQ unch NQ unch
Goodland KS 19.25 +.05 19.25 +.05 19.75 AOG +.05

 

CBoT

  Trading Range Nearby Close Change
Soybean Oil -.11 to +.34 38.55 -.11
Soybean Meal +.20 to +3.80 394.90 +.20
 
Market Comments

Nearby sunflower prices continue to follow the rally in the Chicago Board of Trade oilseed complex. NuSun and high oleic prices at the crush plants were up 5 to 10 cents. In the past two weeks, nearby prices have added 40 to 55 cents. Overall, NuSun and high oleic prices continue to trade 60 cents to $1.00 per cwt. higher than the 60 day moving average at the crush plants. 2021 new crop also continued to move higher adding an additional 5 to 20 cents this week. Sunflower harvest is getting closer to the finish line for this season. Very favorable weather conditions in the past week allowed sunflower producers to make good harvest progress. Harvest progress advanced 7% to 89% complete for the week ending November 15. Harvest progress remains 14% ahead of the five-year average. In the past week, producers harvested an additional 110,000 acres pushing 2020 harvested acres to about 1,361,000 acres. Crop quality remains very good and yields have been above average in most cases. Harvest progress remains about one week to ten days ahead of the five year average. Last year at this same time only 44% was in the bin. There continue to be reports of drought-related yield reductions in sunflower in the Black Sea region and a planted area reduction for Argentina. Given the location of the crop losses, this bears watching as international trade would assume much of the impact and could open some market opportunities.

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