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Sunflower Highlights

Post Date: Nov 26 2018

Crop Progress

Harvest is nearing completion in many reporting states -- Minnesota reports 98 percent of the crop there has been harvested while 80 percent of North Dakota's sunflowers have been harvested.

Crop Progress - Monday, November 26, 2018  State This Week Last Week Last Year 5 Year Average North Dakota         Harvested 80 74 92 90 South Dakota         Harvested 73 63 93 92 Minnesota         Harvested 98 90 100 98 Kansas         Harvested 82 71 89 91 Colorado         Harvested 82 72 95 95 Texas         Harvested 89 86 90 88

FDA Approves New Qualified Health Claim for Oils

Good news for the sunflower industry as FDA announced last week that it has approved a new qualified health claim for consuming oils with high levels of oleic acid, a monounsaturatedfat that’s been shown to have cardiovascular benefits when it replaces heart-damaging saturated fat. Edible oils must contain at least 70 percent oleic acid to meet the criteria for this qualified health claim. High oleic sunflower oil easily meets this level. Click here to learn more about the FDA announcement.

Register Now for 2019 NSA Research Forum

Registration is open for the 2019 NSA Research Forum, scheduled for January 9-10, 2019 at the Holiday Inn (3803 13thAvenue South, Fargo). Click here to register for the forum at the early bird price of $130. A block of rooms has been reserved at the Holiday Inn at a nightly rate of $98 plus tax. The block will be held until December 9, 2018. Call the Holiday Inn at 877-282-2700 and identify National Sunflower Association.

Smude’s Sunflower Oil Named Ag Innovator of the Year

Minnesota’s Smude’s Sunflower Oil has been named the Ag Innovator of the Year by the Agricultural Utilization Research Institute (AURI),an organization formed by the Minnesota state legislature 30 years ago to help promote ag production in the state of Minnesota. AURI has given the Ag Innovator of the Year award for the past 16 years to a client, company, or entrepreneur that has made a substantial impact in the areas of product innovation, uniqueness, and commercialization potential.  It is the organization’s highest honor. Smude began working with AURI to start his sunflower oil crushing company in 2010. Smude will be honored at a ceremony in St. Paul on December 13.

Seed Quality High Plains 2018 2017 Oil Content 40.2% 39.2% Foreign Material 5.0% 6.1% Moisture 8.4% 7.9% Test Weight 28.2 lbs 28.4 lbs Northern Plains 2018 2017 Oil Content 43.6% 42.5% Foreign Material 3.6% 4.7% Moisture 9.0% 9.2% Test Weight 31.3 lbs 30.8 lbs

Upcoming Events

November 27-28, 2018 – Ag Horizons, Pierre, SD December 4, 2018– High Plains Committee Meeting,Goodland, KS January 9-10, 2019 – NSA Research Forum, Holiday Inn, Fargo, ND  June 25-27, 2019 – NSA Summer Seminar, Medora, ND

Markets

It was a shortened trading week last week with Thursday being the Thanksgiving holiday shutting down markets on the day. Trading on the CBoT was very light with low volume during the week. CBoT traders are concerned about US soybean export demand and a mostly favorable South America weather outlook. This has led to choppy trade on most days. With the USDA November production estimate in the market and harvest wrapping up in the Northern Hemisphere attention will continue to be more focused on demand news and to South America's oilseed production prospects. Sunflower prices at the crush plants are expected to remain steady and little changed. Sunflower harvest continues to slowly move along in the US. Most states are trailing the five-year average harvest pace per USDA. Wet and below normal cold weather continues to hamper harvest progress in the largest production area of the Dakotas and Minnesota. In the past week, producers harvested an additional 96,000 acres pushing 2018 harvested acres to almost 894,000 acres. This represents 78% of this year’s projected harvested acres and is behind the five-year average. Last year at this time 92% of the crop was harvested. Seed quality remains generally very good. For most commodities, producer selling will likely slow down given current pricing unless storage is an issue with the hope of a rally occurring later this year or early 2019.

Weekly Prices Recorded on Monday, November 26, 2018 ($/CWT)   Deliver Last Year Last Week This Week Change 2019 NEW Crop Chicago Oil Nearby 33.60 27.32 26.96 -.36 28.57 Fargo, ND NuSun 17.65 16.70 16.70 NC 17.00 Fargo, ND High Oleic 17.50 NQ NQ ---- 17.00 Enderlin, ND NuSun 17.50 16.55 16.55 NC 17.00 Enderlin, ND High Oleic 17.50 16.55 16.55 NC 17.00 Goodland, KS NuSun 16.55 16.65 16.65 NC NQ Goodland, KS High Oleic 17.55 17.75 17.75 NC NQ 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 26, 2018 (dollars per 100 lb. internal U.S. location)   Last Year Last Week This Week Change Soybean Oil 32.10 26.73 26.36 -.36 Cotton Oil (psby) 32.60 30.32 29.96 -.36 Corn Oil 37.50 30.00 30.00 NC