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Sunflower Highlights

Post Date: Nov 23 2020

Crop progress

Harvest is wrapping up in all reporting states; Colorado's harvest is complete; Texas, Kansas and North Dakota all report 95% of the sunflower harvest finished.

Crop Progress - Monday, November 23, 2020 State This Week Last Week Last Year 5 Year Average North Dakota         Harvested 95 93 39 79 South Dakota         Harvested 89 81 57 82 Colorado         Harvested 100 99 96 90 Kansas         Harvested 95 91 93 88 Texas         Harvested 95 92 89 88

Seed Quality High Plains 2020 2019 Oil Content 39.4% 39.7% Foreign Material 6.6% 6.8% Moisture 7.3% 6.8% Test Weight 28.7 lbs 28.4 lbs Northern Plains 2020 2019 Oil Content 43.8% 43.3% Foreign Material 4.3% 5.3% Moisture 9.6% 11.9% Test Weight 29.8 lbs 29.7 lbs

USDA to collect 2020 crop production and stocks data

As the 2020 growing season comes to an end, the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) will contact producers nationwide to gather final year-end crop production numbers and the amount of grain and oilseeds stored on their farms. At the same time, NASS will survey grain facility operators to determine year-end off-farm grain and oilseed stocks. Responses to the survey will be used in calculating county-level yields, which have a direct impact on farmers. USDA’s Farm Service Agency may use the data in administering producer programs and in determining disaster assistance program calculations. All responses are completely confidential. Survey results will be published in several reports, including the Crop Production Annual Summary  and the quarterly Grain Stocks report, both to be released on January 12. These and all NASS reports are available online by clicking here.

Register now for the 2021 NSA Research Forum

You can learn about the latest sunflower research without leaving your home! Our 2021 NSA Research Forum will e held virtually! Register now! The forum will be held via Zoom on January 13-14, 2021. Registration will be $25. To register, click here. Closer to the event, you’ll receive a link to attend the forum virtually.

Grower report

Onida, SD area grower Chuck Todd hopes to finish custom sunflower harvest before Thanksgiving. He says after an early fall snowstorm, the weather has been great for harvest and sunflower yields have been very good in central South Dakota.

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Upcoming events

January 13-14, 2021 NSA Virtual Research Forum   June 22-24, 2021 NSA Summer Seminar Duluth, MN

Markets

Nearby sunflower prices continue to follow the rally in the Chicago Board of Trade oilseed complex. NuSun and high oleic prices at the crush plants were up 10 to 20 cents. In the past two weeks, nearby prices have added 40 to 55 cents. Overall, NuSun and high oleic prices continue to trade 60 cents to $1.00 per cwt. higher than the 60 day moving average at the crush plants. 2021 new crop also continued to move higher adding an additional 10 to 30 cents last week. Sunflower harvest is getting closer to the finish line for this season. Very favorable weather conditions in the past week allowed sunflower producers to make good harvest progress. Harvest progress advanced 4% to 93% complete for the week ending November 22. Harvest progress remains 12% ahead of the five-year average. In the past week, producers harvested an additional 66,000 acres pushing 2020 harvested acres to about 1,427,000 acres. Crop quality remains very good and yields have been above average in most cases. Harvest progress remains about one week to ten days ahead of the five year average. Last year at this same time only 53% was in the bin. There continue to be reports of drought-related yield reductions in sunflower in the Black Sea region and a planted area reduction for Argentina. Given the location of the crop losses, this bears watching as international trade would assume much of the impact and could open some market opportunities.

Weekly Prices Recorded on Monday, November 23, 2020 ($/CWT)   Deliver Last Year Last Week This Week Change 2021 NEW Crop Chicago Oil Nearby 30.44 37.43 38.55 +1.12 35.12 West Fargo, ND NuSun 18.20 18.45 18.60 +.15 18.80 West Fargo, ND High Oleic 18.60 18.40 18.55 +.15 18.95 Enderlin, ND NuSun 18.20 18.40 18.60 +.20 18.75 Enderlin, ND High Oleic 18.60 18.40 18.60 +.20 19.00 Goodland, KS NuSun 17.50 18.15 0.25 +.10 18.75 Goodland, KS High Oleic 18.50 19.15 19.25 +.10 19.75 Prices recorded here are believed to be reliable at the time of posting. All prices are subject to change. Contact these facilities for complete market details.

U.S. CRUDE OIL VALUES recorded on Monday, November 23, 2020 (dollars per 100 lb. internal U.S. location)   Last Year Last Week This Week Change Soybean Oil 29.34 38.18 39.30 +1.12 Cotton Oil (psby) 37.44 54.43 55.55 +1.12 Corn Oil 29.00 63.00 63.00 NC