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This is the Sunflower Market News for 6/18/2021

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Sunflowers are priced per hundred weight (CWT).

NuSun Prices

Location June Change July Change New Crop 2021 Change
West Fargo ND 25.80 -.50 25.80 -.50 24.85 Cash -.25
Enderlin ND 25.75 +.50 25.75 +.50 25.25 Cash/24.75 AOG +.50
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 New Crop 2021 Change
West Fargo ND 26.30 -.50 26.30 -.50 25.35 Cash -.25
Enderlin ND 26.25 +.50 26.25 +.50 25.75 Cash/25.25 AOG +.50
Hebron ND NQ unch NQ unch 24.35 Cash +.50  
Pingree ND NQ unch NQ unch 25.15 Cash +.50
Lamar CO 25.85 unch 25.85 unch 25.85 Cash unch

 

CBoT

  Trading Range Nearby Close Change
Soybean Oil +1.55 to +4.26 58.12 +1.55
Soybean Meal +6.70 to +11.90 373.40 +11.90
Market Comments

Nearby prices were down $1.50 to $2.05 with new crop down $1.25 to $2.25 this week at the crush plants as sunflower values followed the huge selloff in CBoT soy oil futures contracts. CBoT soy oil values experienced a meltdown as traders fear the Biden administration will back off of anticipated higher biofuel targeted mandates. Traders were expecting the Biden administration to impose more ambitious quotas and stop exempting refineries from them. Rumors circulated that EPA is developing targets for biofuel that are likely to be relatively flat or even lower as it seeks to balance the interests of blue-collar refining workers and advance a clean-energy agenda. A broad market selloff that sent grain, stocks, crude oil, metals, livestock, and other commodities sharply lower amid concerns over rising inflation and the potential for interest rate hikes applied additional headwinds. Sunflower producers are in the home stretch of wrapping up this year’s planting season. Planting progress is equal to or ahead of last year at this same time in all states. As of June 13, 79% of expected 2021 sunflower acreage was in the ground, up from 59% from the week prior and ahead of the five-year average of 74%. On June 30, USDA will release its 2021 planted acres report and will be an important factor in determining old and new crop prices. Look for demand news and position squaring ahead of USDA’s acreage report to guide the market this week.

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