Sunflower Highlights
Post Date: Apr 23 2017
Reducing Blackbird Damage
A good strategy to reducing blackbird damage is to plant as early as possible and desiccate the crop. In many cases producers have been able to get the crop all harvested before the birds even move in. The earliest planting date for Minnesota was April 21. In North Dakota, it is May 6 for most counties north of Hwy 200 and May 11 in the remaining counties, based on USDA RMA earliest planting dates. Why take a chance when it comes to blackbirds when you can have a good sunflower crop? Maximize your return by planting early and get it harvested as soon as possible.
Sunflower Planting Pointers
With sunflower planting just around the corner, paying attention to planter calibration and planter speed can go a long way to achieving a successful, uniform sunflower stand. Click here to see the top ten sunflower planting pointers.
Register Now for Summer Seminar
Registration is now open on our website for the 2017 NSA Summer Seminar. This year’s Summer Seminar is the 35th annual. It will be held June 27-29, 2017 at the Rushmore Plaza Holiday Inn in Rapid City, South Dakota. Register now, as prices will increase closer to the event. Click here to register on our website. A block of rooms has been reserved there for June 27-28. To make your reservation, click here. Enter your check-in and check-out date. You also need to enter SA1 in the group code box. You can also call the Rushmore Plaza Holiday Inn at 605-348-4000 and book your room. The block of rooms is listed under National Sunflower Association. Contact Tina with any questions.
Traders remain focused on Northern Hemisphere planting weather, Chinese buying interest, and the pace of farmer sales amid an ever-increasing world soybean stockpile. Canadian farmers intend to plant their biggest-ever canola area, exceeding trade expectations, according to Statistics Canada's first report on seeding for the year; Canola plantings looked set to reach 22.4 million acres, up 10 percent from last year, and surpassing the average trade estimate of 21.3 million acres. On the CBoT, soyoil gained on talk Argentina and Indonesia biodiesel exports to the US could soon drop due to an antidumping petition with US Dept of Commerce and US International Trade Commission. Old and new crop sunflower prices have been relatively firm at unchanged to up 20 cents in the past week. There is still time to take advantage of the market opportunities that sunflowers can offer as crushing plants are still offering Act of God (AOG) and cash new crop contracts. Sunflower is the only oilseed that pays premiums for oil content above 40%. Considering oil premiums that are offered at the crush plants on oil content above 40% at a rate of 2% price premium for each 1% of oil above 40%; this pushes a $16.50 contract with 45% oil content gross return 10% higher per cwt and would raise the cash price to $18.15. An AOG contract at $16.00 per hundredweight to $17.60.
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