Sunflower Highlights

Post Date: Nov 07 2016

Crop Progress

This year's sunflower harvest is winding down in reporting states; Minnesota reports 85% of that state's sunflower crop harvested, which is right in line with the average of 89%. South Dakota growers are 89% done with the sunflower harvest.

Crop Progress - Monday, November 7, 2016

State	This Week	Last Week	Last Year	5 Year Average
North Dakota
Harvested	75	53	79	70
South Dakota
Harvested	89	73	86	87
Texas
Harvested	81	72	86	81
Kansas
Mature	96	90	93	97
Harvested	65	50	66	66
Minnesota
Harvested	85	80	100	89
Colorado
Harvested	82	65	80	70

Seed Quality

High Plains	2016	2015
Oil Content	40.9%	40.8%
Foreign Material	6.5%	6.8%
Moisture	7.7%	8.0%
Test Weight	30.5 lbs	31.3 lbs
Northern Plains	2016	2015
Oil Content	43.5%	43.2%
Foreign Material	4.3%	5.1%
Moisture	9.7%	9.4%
Test Weight	30.9 lbs	30.9 lbs

Call for Papers Deadline Approaching

Submit your research paper by November 14, 2016 to present at the NSA Research Forum, which will be held January 11-12, 2017 in Fargo, ND. Presentations may be either oral or in the form of a poster. Click here to submit your application online. You do not have to submit the actual paper or poster at this time, just the information indicated online and the author information.

Markets

The main market mover this week will be the USDA Supply and Demand report which is released on Wednesday. Traders expect USDA to bump up its forecast of soybean production. Reports of better than expected yields are giving the impression that the 2016 crop looks bigger than USDA's last estimate. Most private analysts have raised their estimates of the 2016 soybean crop so an increase would not be out of line. Traders are also expecting USDA to raise US soybean carryout higher than last month’s estimate. If this is the case it could keep rally potential limited. Reports are still coming out indicating that oil supplies are expected to tighten significantly in the 2016/17 marketing year as world consumption outstrips production. Despite record vegetable oil production this year, and essentially over the past three years, consumption has been just as strong. World vegetable oil stocks are estimated to be at 18.0 million metric tons and have been drawn down for four consecutive years. If realized, oil stocks would be at the lowest levels since the 2011-2012 season. This would allow world vegetable oil markets to firm up with the market becoming more oil driven rather than meal. This is positive news for sunflower as seed prices are primarily based on oil values.