Sunflower Highlights

Post Date: Jun 08 2020

Crop Progress

Planting is nearly finished in Minnesota, where 95% of the sunflower crop is reported planted. Meanwhile, North Dakota reports 60% of the crop planted, and in Texas, planting is 63% complete.

Crop Progress - Monday, June 8, 2020

State	This Week	Last Week	Last Year	5 Year Average
North Dakota
Planted	60	40	62	78
Emerged	18	3	23	35
South Dakota
Planted	45	23	14	41
Kansas
Planted	49	33	32	31
Minnesota
Planted	95	75	85	92
Colorado
Planted	51	40	27	23
Texas
Planted	63	45	61	70

Grower Report

Planting has been slow in central South Dakota. The ground there is saturated, and another inch of rain last night will keep farmers out of the fields for a few more days. Onida, SD area producer Chuck Todd says he was able to finish seeding his high oleic sunflower over the weekend but says many producers won’t get back into the fields until later this week.

Sunflower oil exports to Canada increase

Sunflower oil exports to Canada continue to increase. From October 2019 to April 2020, Canada has imported 14,234 metric tons (MT) of sunflower oil. That’s compared to 12,264 MT from October 2018 to April 2019. Total sun oil exports from October 2019 to April 2020 were 25,757 MT, compared to 27,138 MT during the same time period a year ago.

Exports of confection sunflower down slightly

Exports of sunflower kernel are down slightly from a year ago, from 3,176 metric tons (MT) from October 2018 to April 2019 to 2,715 MT from October 2019 to April 2020. Canada remained the top importer of U.S. sunflower kernel, importing 1,586 MT from October 2018 to April 2019 In-shell exports are down from 20,626 MT from October 2019 to April 2020 compared to 11,253 MT from October 2019 to April 2020. Spain remains the top importer of in-shell sunflower, importing 6,645 MT from October 2019 to April 2020.

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Upcoming events

August 20, 2020
NSA High Plains Committee Meeting
Goodland, KS

January 13-14, 2021
NSA Research Forum
Holiday Inn, Fargo, ND

Markets

Nearby and new crop NuSun and high oleic prices have been firm the past two weeks remaining unchanged this week as well. NuSun nearby prices are trading $1.85-$2.35, with high oleic $1.70-$2.25 per cwt. higher than a year ago at this same time. Sunflower planting continues in all states and is equal to or ahead of last year at this same time. Apart from North Dakota and Texas, all states are now ahead of the five-year average planting pace. North Dakota producers are about a week behind the five-year average. In the past week, producers made excellent progress and planted an additional 296,000 acres pushing 2020 planted acres to about 802,000 acres. This represents 55% of this year’s projected planted acres and is slightly behind the five-year average of 56%. Drier and warmer than normal weather conditions are forecast for the Dakotas and Minnesota and should allow for good planting progress in the week ahead. On the CBoT, commodities have been trading higher on optimism about demand as the U.S. dollar continued to weaken, making U.S. products more attractive to overseas buyers. Traders are also are keeping an eye on U.S.-China trade relations. China has told state-owned firms to halt purchases of soybeans, pork, corn, and cotton from the United States. Despite this announcement some purchases have occurred leaving traders to think this just another case of saber rattling in the long running trade tiff.

Weekly Prices Recorded on Monday, June 8, 2020 ($/CWT)

	Deliver	Last Year	Last Week	This Week	Change	2020 NEW Crop
Chicago Oil	Nearby	27.38	27.60	28.10	+.50	29.02
West Fargo, ND	NuSun	17.60	19.45	19.45	NC	16.90
West Fargo, ND	High Oleic	17.80	19.80	19.80	NC	17.10
Enderlin, ND	NuSun	17.10	19.45	19.45	NC	16.80
Enderlin, ND	High Oleic	17.50	19.75	19.75	NC	17.00
Goodland, KS	NuSun	16.40	18.45	18.45	NC	16.80
Goodland, KS	High Oleic	17.50	19.20	19.20	NC	17.80

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, June 8, 2020
(dollars per 100 lb. internal U.S. location)

	Last Year	Last Week	This Week	Change
Soybean Oil	27.63	25.85	26.60	+.75
Cotton Oil (psby)	36.38	42.60	43.10	+.50
Corn Oil	29.00	46.00	46.00	NC