Old crop seed stocks are getting tighter and the recent surge in birdfood prices reflects this. Birdfood prices continued their upward movement this week gaining an additional $1.00-$2.00 per cwt. at some locations. Birdfood bids are trading at $26.50-$30.00 in South Dakota and as much as $28.00 in North Dakota. Nearby NuSun and high oleic prices were unchanged at the crush plants this week. Sunflower seed stocks will be extremely tight by the end of September and should keep old crop prices trending to the upside. Harvest is on-going making good progress in Texas but will not start in earnest until October in the Northern Plains states, where most acres are located. With excellent birdfood and oil demand there is a good likelihood that price premiums will be in place to encourage growers to desiccate and harvest early. U.S. sunflower oil exports to Canada are up 21%, well ahead of a year ago. From October 2019-May 2020, 16,610 metric tons (MT) of sunflower oil has been exported. That compares to 13,516 MT during the same time frame a year ago. Canada and Mexico remain the top two importers and have an additional 23,300 MT on the books to be delivered.Exports plus good domestic demand should keep prices firm at the crush plants in the near term. Weather conditions will come into focus more as we get into Mid-August through September, the critical time frame for sunflower.
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