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Sunflower Highlights

Post Date: Jun 25 2018

Crop Progress

Sunflower planting is complete in North Dakota and Minnesota is nearly finished, with 97 percent of the crop planted, and both state report good conditions on the crop so far. In Minnesota, 72 percent of the sunflower crop is reported in good to excellent condition. In North Dakota, 85 percent of the crop is reported in good to excellent condition.

Crop Progress - Monday, June 25, 2018 State This Week Last Week Last Year 5 Year Average North Dakota         Planted 100 96 NA NA Emerged 83 66 88 NA South Dakota         Planted 87 75 97 84 Kansas         Planted 82 71 83 77 Colorado         Planted 80 58 82 75 Texas         Planted 85 80 87 91 Harvested 25 18 34 32 Minnesota         Planted 97 96 NA NA

Crop Conditions - Monday, June 25, 2018 State Very Poor Poor Fair Good Excellent North Dakota 1 2 12 77 8 Minnesota 0 0 28 48 24

Grower Report

Onida, South Dakota producer Chuck Todd says wet weather has slowed sunflower planting in central South Dakota and cutworms have caused damage to many sunflower fields already. Still, he says his 360 acres of high oleic sunflower seem to be doing okay. He says despite recent rainy weather the area is still dry. He says may producers are considering replanting some sunflowers that were damaged early.

36th Annual Summer Seminar Starts Tomorrow

Our biggest event of the year gets underway tomorrow! The 36th annual NSA Summer Seminar is being held at the Arrowwood Resort Alexandria, MN June 25-28. The event begins on Tuesday evening with the annual Curtis Stern Memorial Scholarship Fundraiser. Wednesday is filled with presentations covering valuable and timely information. On Thursday, we will wrap things up with the annual golf tournament.  Registration at the door will be $400 and golf will be $150. Click here for a complete schedule.

Sign Up for E-Publications

Would you like to get a link to a digital copy of Sunflower Highlights every week in your email? It’s easy! Click here to sign up. And for sunflower prices at various locations, click here.

Upcoming Events

June 26-28, 2018 - NSA Summer Seminar, Arrowwood Resort, Alexandria, MN January 9-10, 2019 - NSA Research Forum, Holiday Inn, Fargo, ND

Markets

Old and new crop sunflower prices lost ground this week under the weight of the ongoing U.S.-China trade situation.  Overall the oilseed complex is under enormous pressure right now and this finally spilled over into the sunflower market, which had seen a significant uptrend in prices for most of this marketing year. Traders will be closely watching what happens on July 6, as the U.S. and China have both designated that day to enact their proposed tariffs. Sunflower planting is wrapped up in North Dakota and Minnesota with South Dakota finishing soon. Planting is moving along in the High Plains states at or ahead of the five-year average in most states. This week USDA will release its latest planted acres report. Traders are anxious to confirm thoughts of soybean acres showing an increase from 2017 levels. Some in the trade think total planted U.S. soybean acres could be a bit north of 90 million this year. There also continues to be rumors that USDA could look at the lack of prevent plant acres especially in North Dakota versus what they accounted for in the March intentions report and could make some acreage adjustments based on this. This week traders will be positioning themselves ahead of the USDA planted acres and stocks reports. Weather forecasts and crop condition ratings will also remain top mind for traders in the week ahead.

Weekly Prices Recorded on Monday, June 25, 2018 ($/CWT)   Deliver Last Year Last Week This Week Change 2018 NEW Crop Chicago Oil Nearby 31.52 29.57 28.94 -.63 29.62 Fargo, ND NuSun 15.70 18.30 18.20 -.10 18.50 Fargo, ND High Oleic 16.00 18.20 18.00 -.20 18.50 Enderlin, ND NuSun 15.70 18.10 17.90 -.20 18.50 Enderlin, ND High Oleic NQ 18.10 18.10 NC 18.50 Goodland, KS NuSun NQ 17.10 16.80 -.30 17.30 Goodland, KS High Oleic NQ 18.10 17.80 -.30 18.45 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, Juen 25, 2018 (dollars per 100 lb. internal U.S. location)   Last Year Last Week This Week Change Soybean Oil 29.77 27.77 27.14 -.63 Cotton Oil (psby) 37.52 28.57 27.94 -.63 Corn Oil 41.50 34.00 34.00 NC