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Sunflower Highlights

Post Date: Nov 13 2017

Crop Progress

Harvest is nearing completion in most reporting states. Minnesota reports 93 percent of the sunflower crop has been harvested, while both North and South Dakota report 81 percent complete.

Crop Progress - Monday, November 13, 2017 State This Week Last Week Last Year 5 Year Average North Dakota         Harvested 81 72 84 78 South Dakota         Harvested 81 69 92 81 Minnesota         Harvested 93 87 90 92 Colorado         Harvested 79 68 89 84 Kansas         Harvested 74 55 77 76 Texas         Harvested 83 80 84 83

Seed Quality High Plains 2017 2016 Oil Content 41.3% 40.9% Foreign Material 4.7% 6.3% Moisture 7.9% 7.7% Test Weight 29.3 lbs 30.6lbs Northern Plains 2017 2016 Oil Content 42.7% 43.5% Foreign Material 4.6% 3.5% Moisture 9.0% 9.7% Test Weight 31.0 lbs 31lbs

FMC Corporation Completes Transformative Transactions with DuPont

The companies signed a definitive agreement on March 31, 2017 and have now satisfied all necessary conditions and approvals. FMC has acquired the portion of DuPont’s Crop Protection business it had to divest to comply with the European Commission ruling related to its merger with The Dow Chemical Company, which was completed on August 31, 2017 to form DowDuPont™. Additionally, FMC has completed the sale of FMC Health and Nutrition to DuPont.

Plant Pathologist Sam Markell Named Communicator of the Year

The NDSU Agriculture Communication Department and North Dakota chapter of the Association for Communication Excellence have named Sam Markell Communicator of the Year. Markell, a plant pathologist at NDSU Extension was honored for his expertise and professionalism in delivering educational programs and information to the public. Markell joined NDSU Extension in 2007 and has led several efforts including the development of disease diagnostic cards, which provide producers with disease management information for a number of crops. These cards are not just helping North Dakota farmers; the sunflower cards have been translated into Chinese.

Kansas Sunflower Commission and High Plains Sunflower Committee to Hold Meetings

The Kansas Sunflower Commission and the High Plains Sunflower Committee will be holding two informational meetings in December. The meetings are targeted at producers and agribusiness professionals seeking information about growing sunflowers. The meetings will be held December 7 in Salina, KS and December 8 in Wellington, KS. Find more information here: www.kssunflower.com.

Upcoming Events

December 5-6, 2017 - Ag Horizons, Pierre, SD December 6, 2017 – High Plains Committee Meeting, Goodland, KS January 10-11, 2018 – NSA Research Forum, Fargo, ND June 26-28, 2018 – NSA Summer Seminar, Arrowwood Resort, Alexandria, MN

Markets

USDA’s November Crop Production report for soybeans was within the range of pre-report estimates, so no surprises for traders. USDA pegged soybean acreage for 2017-18 at 89.5 million acres, the same from its October estimate. If realized, it would be a record high for soybean acreage. With the USDA production estimate in the market and harvest wrapping up in the Northern Hemisphere attention now shifts to demand and to South America's crops. Sunflower harvest is getting close to wrapping up in the US. Most states are equal to or slightly ahead of the five-year average harvest pace per USDA. Yield reports continue to be inconsistent ranging from below average to above average depending on the area and weather conditions it experienced this year. In the past week, producers harvested an additional 135,240 acres pushing 2017 harvested acres to almost 1,017,100 acres. This represents 81% of this year’s projected harvested acres and is slightly behind the five-year average. Seed quality remains generally very good. Sunflower prices at the crush plants ended the week mixed at down 15 cents to up 20 cents. Birdfood prices have begun to trend upward this week as well. New crop sunflower prices are out at the crush plants with cash and Act of God (AOG) contracts available. Something else to consider is the oil premiums that crush plants pay on sunflower.

Weekly Prices Recorded on Monday, November 13, 2017 ($/CWT)   Deliver Last Year Last Week This Week Change 2017 NEW Crop Chicago Oil Nearby 33.95 34.73 34.33 -.40 34.78 Fargo, ND NuSun 14.55 17.30 17.50 +.20 18.00 Fargo, ND High Oleic NA 17.20 17.40 +.20 18.25 Enderlin, ND NuSun 14.55 17.30 17.45 +.15 18.10 Enderlin, ND High Oleic NA 17.30 17.45 +.15 18.10 Goodland, KS NuSun 14.20 16.70 16.55 -.15 NQ Goodland, KS High Oleic 16.70 17.70 17.55 -.15 NQ 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, November 13, 2017 (dollars per 100 lb. internal U.S. location)   Last Year Last Week This Week Change Soybean Oil 32.45 32.23 32.83 +.60 Cotton Oil (psby) 43.95 33.73 33.33 -.40 Corn Oil 45.50 37.50 37.50 NC