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Sunflower Highlights

Post Date: Jun 26 2017

Crop Progress

Minnesota's sunflower crop is rated 84 percent good to excellent. Meanwhile, planting is wrapping up in the remaining reporting states. North Dakota producers are 99 percent finished planting; Kansas producers are 86 percent finished, and 67 percent of the Kansas sunflower crop is reported emerged.

Crop Progress - Monday, June 26, 2017 State This Week Last Week Last Year 5 Year Average North Dakota         Planted 99 98 100 95 Emerged 89 80 92 --- South Dakota         Planted 98 92 95 86 Emerged 75 61 --- --- Kansas         Planted 86 67 80 80 Emerged 67 32 60 60 Texas         Planted 88 80 89 92 Colorado         Planted 84 67 79 78

Crop Conditions - Monday, June 26, 2017 State Very Poor Poor Fair Good Excellent South Dakota 6 21 58 15 0 Minnesota 0 0 16 72 12 Colorado 0 0 18 68 14

Department of Justice Oks Dow-DuPont Merger

The Dow Chemical Co. and DuPont Co. merger has won approval from the U.S. Justice Department, clearing the way for the deal to close without further divestitures. Dow and DuPont initially expected their deal to close late last year. The Justice Department approval is the last one required for the deal in the U.S., after clinching approvals in Europe, Brazil and China. Dow and DuPont said they are on track to close the deal in August, consistent with their latest projected time frame.

Archer Named to ARS Post

David Archer has been appointed research leader of the Northern Great Plains Research Laboratory in Mandan, N.D. The lab is part of the Agricultural Research Service, which is the U.S. Department of Agriculture's chief scientific in-house research agency. Archer joined the Mandan staff as an agricultural economist in 2007. He leads an interdisciplinary team that's working to develop more sustainable crop and livestock production systems.

EPA Reopens Comment Period for Pyrethroids and Bifenthrin

July 7, 2017 is the new deadline for making comments to EPA on the benefits that ALL pyrethroid & bifenthrin insecticides bring to your operation. To make your efforts easier, please go to: www.defendbifenthrin.com and click on the tab for growers, retailers, CCA’s, Consultants’ and more to either use the pre-formatted letter or list your own experiences with pyrethroid benefits for responsible pest control.  Honest, individual comments are the best. The whole process will take no longer than 5 minutes.

35th Annual Summer Seminar Starts Tomorrow

Our biggest event of the year gets underway tomorrow! The 35th annual NSA Summer Seminar is being held in Rapid City, SD at the Rushmore Plaza Holiday Inn June 27-29. The event begins on Tuesday evening with the annual Curtis Stern Memorial Scholarship Fundraiser. Wednesday is filled with presentations covering valuable and timely information. On Thursday, we will wrap things up with the annual golf tournament. Registration at the door will be $400 and golf will be $140. For a complete schedule, click here.

Upcoming Events

June 27-29, 2017 – NSA Summer Seminar, Rapid City, SD January 10-11, 2018  – NSA Research Forum, Fargo, ND

Markets

Sunflower prices continue to move upward gaining 5 cents this week at the crush plants.  This is the fourth week in row with positive price gains for old crop prices. Sunflower planting is wrapped up in North Dakota and Minnesota with South Dakota finishing soon. Planting is moving along in the High Plains states at or close to the five-year average in most states. This week USDA will release its latest planted acres report. Traders are anxious to confirm thoughts of a decrease in corn and wheat acres with soybeans showing an increase from 2016 levels. There also continues to be rumors that USDA could look at the lack of prevent plant acres especially in North Dakota versus what they accounted for in the March intentions report and could make some acreage adjustments based on this. In the past week, a larger area of the US sunflower production region has slid into a moderate to severe drought situation with some areas now considered in extreme drought conditions. There appears to be some relief in sight as the 6-10-day weather forecast expects above normal precipitation for the Northern Plains with normal to below normal temperatures. This week traders will be positioning themselves ahead of the USDA planted acres and stocks reports. Weather forecasts and crop condition ratings will also remain top mind for traders in the week ahead.

Weekly Prices Recorded on Monday, June 26, 2017 ($/CWT)   Deliver Last Year Last Week This Week Change 2017 NEW Crop Chicago Oil Nearby 31.26 32.82 31.52 -1.30 31.99 Fargo, ND NuSun 17.25 15.70 15.70 NC 16.60 Enderlin, ND NuSun 17.30 15.65 15.70 +.05 16.40 Goodland, KS NuSun 16.80 NQ 13.95 ---- 14.80 Goodland, KS High Oleic 17.80 NQ 15.60 ---- 16.80 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 26, 2017 (dollars per 100 lb. internal U.S. location)   Last Year Last Week This Week Change Soybean Oil 28.76 31.07 29.77 -1.30 Cotton Oil (psby) 46.26 38.82 37.52 -1.30 Corn Oil 45.50 41.50 41.50 NC