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Sunflower Highlights

Post Date: Oct 26 2020

Crop Progress

Minnesota's sunflower harvest is nearly complete at 95% harvested, 45 days ahead of last year and 30 days ahead of normal. Harvest is ahead of last year in the Dakotas as well, and 57% of North Dakota's sunflower crop is rated in good to excellent condition.

Crop Progress - Monday, October 26, 2020 State This Week Last Week Last Year 5 Year Average North Dakota         Harvested 58 44 10 37 South Dakota         Harvested 39 26 10 36 Minnesota         Harvested 95 77 15 58 Colorado         Harvested 79 68 67 44 Kansas         Harvested 59 38 38 36 Texas         Harvested 83 78 79 74

Crop Conditions - Monday, October 26, 2020 State Very Poor Poor Fair Good Excellent North Dakota 1 10 32 51 6

David Blue appointed general manager of Proseed, Inc

Keith Peltier, president of Proseed, Inc. has appointed David Blue as general manager of the company. Jeff Hamre will lead company sales. Proseed, Inc. is a regional seed company based in Harvey, ND; the company is currently building new company headquarters in Amenia, ND. The new location will open in early 2021. Proceed Inc. begin in 1991 as an oil-type sunflower seed company. Over the years, they’ve added canola, corn, soybeans and alfalfa seed.

2020 Ag Horizons conference canceled

The 2020 Ag Horizons conference that was scheduled for December has been canceled because of health concerns. The 2021 conference is scheduled for December 14 and 15, 2021 at the Ramkota in Pierre, SD.

Call for papers

Here’s your chance to be a part of the National Sunflower Association’s Research Forum. We’re looking for research papers to be presented at the Forum, which will be held virtually via Zoom on January 13-14, 2021. Presentations may be either oral or in the form of a poster. A time will be designated for authors to present their posters and answer questions. Each oral presentation will be limited to 10-12 minutes with 2-3 minutes allowed for questions. If you are interested in presenting at the Forum, submit your application here. You do not have to submit the actual paper or poster at this time, just the information indicated online and the author information. Submissions must be completed by November 13, 2020. If you plan to attend, registration will be open on our website soon.

The October/November 2020 issue of The Sunflower has been mailed. You can also read the entire issue on our website; just click here. This issue includes an interview with the 2020 Curtis Stern scholarship winner, a look back at the late Max Dietrich’s career, a list of the NSA’s 2021 research priorities and more.

Upcoming events

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

Markets

Nearby prices at the crush plants were up 10-25 cents this week. 2021 new crop sunflower prices are out at the Cargill West Fargo crush plant with cash and Act of God (AOG) contracts available. Cash NuSun and High Oleic prices are both at $18.05 with AOG at $17.75 per cwt. Something else to consider is the oil premiums that crush plants pay on sunflower. 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 contract with 45% oil content gross return 10% higher per cwt. The AOG $17.75 contract increases to $19.50 and the cash $18.05 contract moves up to $19.85 Another week of largely clear weather allowed sunflower harvest progress to advance 14% to 54% complete for the week ending October 25. Harvest progress remains 17% ahead of the five-year average. In the past week, producers harvested an additional 210,000 acres pushing 2020 harvested acres to about 828,000 acres. Harvest progress remains about two weeks ahead of the five year average and four weeks ahead of last year at this same time. However, several snow events this week in parts of the Dakotas and Minnesota could slow harvest for a few days. Traders will be watching to see how much the snow disrupts harvest progress, affects yield, and crop quality.

Weekly Prices Recorded on Monday, October 26, 2020 ($/CWT)   Deliver Last Year Last Week This Week Change 2021 NEW Crop Chicago Oil Nearby 30.78 32.53 34.46 +1.93 32.70 West Fargo, ND NuSun 18.30 17.50 17.65 +.15 18.05 West Fargo, ND High Oleic 18.55 17.50 17.75 +.25 18.05 Enderlin, ND NuSun 18.10 17.35 17.50 +.15 17.95 Enderlin, ND High Oleic 18.40 17.55 17.70 +.15 18.20 Goodland, KS NuSun 17.10 17.60 17.70 +.10 NQ Goodland, KS High Oleic 18.30 18.60 18.70 +.10 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, October 26, 2020 (dollars per 100 lb. internal U.S. location)   Last Year Last Week This Week Change Soybean Oil 30.38 32.78 34.96 +2.18 Cotton Oil (psby) 39.78 47.53 49.46 +1.93 Corn Oil 29.00 63.00 65.00 +2.00