Sunflower prices at the crush plants ended the week mixed at down 40 cents to unchanged. Nearby sunflower prices have backed off somewhat as farmers have been very active sellers on the recent rally in seed prices. Weaker CBoT soyoil prices have added resistance to sunflower prices at the crush plants. For the most part, birdfood continues to trade at a premium to the crush market in a range of $17.00-$18.00. Sunflower crop ratings in the Dakotas continue to trend upward after receiving beneficial rain in August. On July 31, 40-45 percent of the sunflower crop was rated in very poor to poor condition by USDA. In the latest USDA report the very poor to poor rating has decreased to only 23-30 percent. Sunflower is very drought tolerant and the rain may have added on some pounds as well. Sunflower harvest could be starting soon in the Northern Plains as many acres have matured to a point where they can be desiccated and harvested. Getting the crop harvested several weeks early can result in higher yields and lower drying costs. It can also reduce late season crop damage and blackbird damage. In addition to watching weather forecasts, CBoT traders are anxiously awaiting the next series of USDA reports that will be released this week. Traders will be looking for USDA to confirm recent private crop estimates.
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