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Sunflower Highlights

Post Date: Jun 11 2018

Crop Progress

Sunflower planting is 53 percent complete in Kansas, well ahead of the average 38 percent. Meanwhile Minnesota producers report 94 percent of that state's sunflower crop is in the ground.

Crop Progress - Monday, June 11, 2018 State This Week Last Week Last Year 5 Year Average North Dakota         Planted 87 67 94 74 South Dakota         Planted 64 36 69 49 Kansas         Planted 53 36 32 38 Colorado         Planted 38 18 27 32 Texas         Planted NA 57 70 86 Minnesota         Planted 94 90 97 86

Grower Report

Mohall, ND producer Jeff Oberholtzer finished planting sunflower just in time for some much needed rain. Oberholtzer planted about 1,500 acres of high oleic sunflowers on his north central North Dakota farm. He finished about a week ago and says some are already starting to emerge. Oberholtzer says his area has been dry, receiving less than two inches of rain since April. But he says they seeded their sunflower into good moisture and so far, the fields look good.

NSA Summer Seminar to Cover Timely Topics

Speakers at this year’s NSA Summer Seminar will tackle topics that are on the minds of producers and industry leaders. Morning sessions include presentations about gene editing and what it could mean for sunflower and we’ll hear from Jason Hafemeister, Trade Counsel to the Secretary at the U.S. Department of Agriculture about key issues in agricultural trade policy. The afternoon will be filled with breakout sessions on more topics of interest. For a complete schedule and registration information, click here.

Register Now for NSA Summer Seminar

It’s not too late to register for the 36thannual Summer Seminar. Join us in Alexandria, MN June 25-28 for this informative and fun event. Registration is easy—click here to register on our website at . Registration will increase to $400 at the door, so register now! Contact Tina Mittelsteadt at: tinam@sunflowernsa.com with any questions.

Sign Up for E-Publications

Would you like to get a link to a digital copy of Sunflower Highlights every week in your email? It’s easy! Click here to sign up. And for sunflower prices at various locations, click here.

Upcoming Events

June 26-28, 2018 – NSA Summer Seminar, Arrowwood Resort, Alexandria, MN January 9-10, 2019 – NSA Research Forum, Holiday Inn, Fargo, ND

Markets

Old crop prices were unchanged to up 10 cents this week. The Fargo nearby price for NuSun hit $18.25 this week setting a new market high for this marketing year. Birdfood prices in some locations have begun to move up as well reaching $18.00. Nearby prices for oil-type sunflower are up about 20 percent on average from a year ago. Last year at this same time, ample supplies, strong deliveries by producers and a large old crop inventory kept the pipeline full at the crush plants keeping a lid on prices. That’s not the case this year as a smaller 2017 crop coupled with smaller beginning stocks has the industry using up stocks to meet demand. New crop prices are also significantly higher than last year. It’s been a different story at the CBoT as soybean, meal and oil prices have tumbled the past two weeks. Traders are linking this to a higher Brazil crop estimate, concern over US and China trade relations and a good start for the US 2018 soybean crop. This has led the trade to take some of demand premium out of prices. Soybean and soymeal futures have dropped sharply since the early March high. Currently US crops face no weather threat. This has the market focusing on trade and exports, which have been bearish. USDA releases its next crop production report Tuesday.

Weekly Prices Recorded on Monday, June 11, 2018 ($/CWT)   Deliver Last Year Last Week This Week Change 2018 NEW Crop Chicago Oil Nearby 31.94 30.93 30.58 -.35 31.29 Fargo, ND NuSun 15.50 18.15 18.25 +.10 18.75 Fargo, ND High Oleic 15.80 18.05 18.05 NC 18.75 Enderlin, ND NuSun 15.45 18.10 18.10 NC 18.70 Enderlin, ND High Oleic NQ 18.10 18.10 NC 18.90 Goodland, KS NuSun NQ 17.20 17.20 NC 17.70 Goodland, KS High Oleic NQ 18.20 18.20 NC 18.85 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.

U.S. CRUDE OIL VALUES recorded on Monday, June 11, 2018 (dollars per 100 lb. internal U.S. location)   Last Year Last Week This Week Change Soybean Oil 29.94 29.13 28.78 -.35 Cotton Oil (psby) 37.94 29.93 29.52 -.41 Corn Oil 43.50 34.00 34.00 NC