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This is the Sunflower Market News for 09/21/2023

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Sunflowers are priced per hundred weight (CWT).

NuSun Prices

Location September Change October Change November Change
West Fargo ND NQ unch NQ unch NQ unch
Pingree ND-Cargill 17.00 Call unch NQ unch NQ unch
Enderlin ND NQ unch 17.20 unch 17.60 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 September Change October Change November Change
West Fargo ND 17.50 unch 18.00 unch 18.00 unch
Enderlin ND NQ unch 18.20 unch 18.60 unch
Hebron ND NQ unch 16.60 unch NQ unch  
Pingree ND-ADM NQ unch 17.20 unch NQ unch
Lamar CO 18.50 unch 19.20 unch 19.40 unch
             

 

CBoT

  Trading Range Nearby Close Change
Soybean Oil -.87 to -1.09 59.65 -1.03
Soybean Meal -5.70  to -7.00 390.30 -6.90
 
Market Comments

This week sunflower prices continued to move lower as the market continues its transition toward the 2023/24 market year. Trading in the week ahead will focus on the USDA Grain Stocks report that will be released next week. Traders are expecting sunflower seed stocks to be up significantly from a year ago and the five-year average after last year’s large crop. According to USDA, 2022 sunflower production totaled 2.81 billion pounds, up 48 percent from 2021. We had the second highest yield on record for the U.S. for oil-type sunflower varieties with the average yield in Minnesota and North Dakota both setting record highs. Challenging weather conditions early on and logistics made it difficult for the market to use a greater percentage of last year’s crop and led to the build-up in seed stocks. Moving forward, it may be hard to gather significant forward momentum with the larger carryover of oil-type seed stocks as well as seasonal harvest pressure being just around the corner. Up next for traders will be when USDA gives its first estimate of 2023 sunflower production in October. The weather forecast for the next two weeks continues to predict above normal temperatures in the sunflower growing region. This bodes well for crop dry down as the sunflower crop continues to mature at a rapid rate. Harvest continues to move along in Kansas and Texas and will crank up in other states very soon.

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