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Sunflower Highlights
Post Date:
Nov 02 2020
Crop progress
Harvest in the Dakotas is well ahead of a year ago; North Dakota reports 69% of the sunflower harvest complete. That's ahead of last year's 21%. In South Dakota the harvest is half finished, compared to 23% last year.
Crop Progress - Monday, November 2, 2020
State
This Week
Last Week
Last Year
5 Year Average
North Dakota
Harvested
69
58
21
54
South Dakota
Harvested
50
39
23
52
Minnesota
Harvested
97
95
37
82
Colorado
Harvested
90
79
76
60
Kansas
Harvested
68
59
57
52
Texas
Harvested
NA
83
83
81
Seed Quality
High Plains
2020
2019
Oil Content
40.2%
40.8%
Foreign Material
5.8%
5.5%
Moisture
8.0%
6.6%
Test Weight
29.4 lbs
29.1 lbs
Northern Plains
2020
2019
Oil Content
44.5%
44.6%
Foreign Material
3.8%
4.5%
Moisture
10.3%
11.5%
Test Weight
30.3 lbs
30.7 lbs
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Markets
Anxiety over a rise in global coronavirus cases last week sparked a selloff that started in the stock markets and quickly worked its way through other commodities such as soybeans and corn. Sunflower prices followed the trend of lower commodity prices to some degree. Nearby NuSun prices at the crush plants were mixed at up 15 to down 5 cents, with high oleic down 5 cents to unchanged last week. 2021 new crop was down 5 cents to unchanged. Several recent snow events in parts of the Dakotas and Minnesota tamped the brakes on harvest progress for a few days. Sunflower harvest progress was moving at a rapid pace before the snow. Despite the snow, harvest did advance 10% to 64% complete for the week ending November 1. Harvest progress remains 10% ahead of the five-year average. In the past week, producers harvested an additional 158,000 acres pushing 2020 harvested acres to about 985,000 acres. Harvest progress remains about one week ahead of the five year average and four weeks ahead of last year at this same time. This week the USDA Risk Management Agency (RMA) is expected to announce Harvest Prices for 2020 revenue insurance policies for sunflowers. The harvest price has risen to where it will take a yield loss to trigger a crop insurance payment. Harvest price per pound for oil-type sunflowers is 17.6 cents and confection sunflowers at 23.6 cents. Spring prices were 16.9 cents for oils and 22.6 cents for confections.
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