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This is the Sunflower Market News for 06/01/2023

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Sunflowers are priced per hundred weight (CWT).

NuSun Prices

Location June Change July Change 2023 New Crop Change
West Fargo ND 18.80 unch 18.80 unch 20.85 Cash unch
Enderlin ND 18.95 unch 19.25 unch 21.35 Cash/20.85 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 June Change july Change 2023 New Crop Change
West Fargo ND 19.30 unch 19.30 unch 22.35 Cash/21.85 AOG unch
Enderlin ND 19.45 unch 19.75 unch 22.55 Cash/22.05 AOG unch
Hebron ND NQ unch NQ unch 20.95 Cash unch  
Pingree ND-ADM NQ unch NQ unch 21.55 Cash unch
Lamar CO 20.50 -.75 20.50 -.75 22.90 AOG -.60

 

CBoT

  Trading Range Nearby Close Change
Soybean Oil +1.08 to +1.66 47.86 +1.66
Soybean Meal +3.60 to +8.00 401.40 +8.00
 
 
Market Comments

Old crop sunflower prices are down 90 cents to $1.10, with new crop down 60 to 90 cents at the crush plants this week. Sunflower planting continues in all states and is ahead of last year and equal to or ahead of the five-year averages in Colorado, Minnesota, North and South Dakota. Kansas is slightly behind last year at this same time and the five-year average planting pace. In the past week, producers made excellent progress and planted an additional 312,200 acres pushing 2023 planted acres to about 393,600 acres. This represents 30% of this year’s projected planted acres and is slightly ahead of the five-year average of 25%. Last year at this same time only 19% of total projected acres were planted. Drier and warmer than normal weather conditions are forecast for the Dakotas and Minnesota and should allow for good planting progress in the week ahead. According to USDA’s May Oil Crops Outlook report, U.S. production of sunflower seed in 2023/24 is expected to fall as acreage intentions are down 20 percent. USDA estimates 1.3 million acres of sunflower will be harvested, producing 2.29 billion pounds of seed. Although there are higher beginning seed stocks, supply is projected 444 million pounds lower at just over 3.01 billion pounds. The reduced supply of seed is expected to impact crush volume bird food supplies in the 2023/24 marketing year. Global sunflower production in 2023/24 is forecast to increase 6 percent from the previous year to 54.3 MMT.

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