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Sunflower Highlights

Post Date: Nov 06 2017

Crop Progress

Harvest continues throughout reporting states. In Minnesota producers are 87 percent done harvestng the sunflower crop.

Crop Progress - Monday, November 6, 2017 State This Week Last Week Last Year 5 Year Average North Dakota         Harvested 72 57 72 66 South Dakota         Harvested 69 51 87 70 Minnesota         Harvested 87 79 84 86 Colorado         Harvested 68 30 80 72 Kansas         Mature 97 91 95 95 Harvested 55 42 63 63 Texas         Harvested 80 73 80 80

Crop Conditions - Monday, November 6, 2017 State Very Poor Poor Fair Good Excellent Colorado 1 2 12 60 25 Kansas 1 3 31 54 11

Seed Quality High Plains 2017 2016 Oil Content 41.3% 40.9% Foreign Material 4.7% 6.5% Moisture 7.9% 7.7% Test Weight 29.3 lbs 30.5lbs Northern Plains 2017 2016 Oil Content 42.9% 43.5% Foreign Material 4.6% 4.3% Moisture 9.0% 9.7% Test Weight 31.0 lbs 30.9 lbs

Call for Papers

There’s still time to submit your research paper to present at the NSA’s Research Forum, set for January 10-11, 2018 in Fargo, ND. Click here to get more information and submit your application online. Submissions must be completed by November 15, 2017.

Markets

Sunflower prices at the crush plants ended the week mixed at down 20 to up 5 cents. Sufficient seed supplies in the pipeline has led to some nearby resistance for any significant rally in sunflower prices. Birdfood prices continue to see little movement after large purchases were made this summer taking care of current needs. In the past week, producers harvested an additional 263,000 acres pushing 2017 harvested acres to almost 664,000 acres. This represents 53% of this year’s projected harvested acres and is slightly behind the five-year average. Traders are anxiously watching yield trends as harvest continues and expect USDA will peg harvested acres in a range of 70-75% complete on Monday. Seed quality remains generally very good. Yields continue being reported in the 1,500-2,500 pound range with some reports of higher yields in areas not impacted by this summer’s drought. Drought impacted areas are reporting yields below average to average. 2018 new crop prices are starting to roll out as well. The Cargill crush plant is offering NuSun cash at $18.00 per cwt. and Act of God (AOG) contracts at $17.00. High Oleic contracts are being offered as well with cash at $18.25 and AOG at $17.25. ADM Enderlin is offering $18.20 cash contracts for NuSun and High Oleic. Something else to consider is the oil premiums that crush plants pay on sunflower for oil content above 40%.