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Sunflower Highlights

Post Date: Mar 15 2021

2021 NSA Summer Seminar canceled

After thoughtful consultation with leaders within the sunflower industry amid the continued uncertainty of the COVID-19 pandemic, the National Sunflower Association (NSA) has decided to cancel the 2021 Summer Seminar that would have been held in Duluth, MN. With the ongoing global impact of the COVID-19 pandemic and our promise to deliver an experience expected of the Summer Seminar, continuing to plan for the event, was simply no longer feasible. The NSA decided to make this decision now to allow time for attendees to make necessary travel and planning adjustments. Planning for the 2022 Summer Seminar is already underway. We look forward to seeing you at the next Summer Seminar that will be held at the Canad Inn/Alerus Center on June 28-30, 2022 in Grand Forks, North Dakota.

North Dakota county sunflower election results

North Dakota county sunflower representatives were elected in two of the state’s seven sunflower districts last month. All county reps are now eligible for the district election and to serve on the NSA’s Board of Directors for a three-year term. Voters in District 4 will elect a district representative on Tuesday, March 16 at 10:00 a.m. at the Steele Veterans Club in Steele, ND. The District 5 election will be held on Monday, March 15 via Zoom conference call. Candidates include: Burleigh county: Clark Coleman, Bismarck Emmons county: Aaron Leier, Hague Kidder county: Tyler Devore, Steele Logan county: Jody Horner, Napoleon McIntosh county: Adam Bettenhausen, Wishek Eddy county: Travis Black, McHenry Pierce county: Mike Ostrem, Rugby Rolette county: Nathan Neameyer, Rolla Sheridan county: Myron Dieterle, Butte

USDA Extends Application Deadline for Quality Loss Adjustment Program

USDA is extending the deadline from March 5 to April 9 for agricultural producers to apply for the Quality Loss Adjustment (QLA) Program because of recent winter storms and some clarifications to program rules. This program assists producers who suffered crop quality losses due to qualifying 2018 and2019 natural disasters. The QLA program assists producers whose eligible crops suffered quality losses due to qualifying drought, excessive moisture, flooding, hurricanes, snowstorms, tornadoes, typhoons, volcanic activity, or wildfires.

Deadline for NSA Scholarship approaching

There is still time to submit applications for the National Sunflower Association’s Curtis Stern Memorial Scholarship. In tribute to the dedicated work of Curtis Stern, an industry advocate and former NSA board member. Preference will be given to students who are in their last two years of undergraduate studies or in graduate level studies and have maintained at least a cumulative 3.0 GPA on a 4.0=A scale. Application deadline is April 1, 2021. A total of $5,000 is available for the scholarship this year. Applications can be submitted online. Visit www.ndcf.net/receive/scholarships/stern.html  to learn more.  Contact Tina Mittelsteadt at tinam@sunflowernsa.com with any questions.

March/April issue of The Sunflower coming soon

The March/April 2021 issue of The Sunflower will be arriving in your mailbox soon. This is the final issue of the 2020-2021 magazine year, but we are always looking for story ideas and we are already planning for next year. If you have a story idea, give us a call or visit Story Ideas (sunflowernsa.com) to submit them online.

Upcoming Events

January 12-13, 2022 - NSA Research Forum; Holiday Inn, Fargo, ND

Markets

Nearby NuSun gained 35 to 75 cents with High Oleic adding 75 cents to $1.00 per cwt. setting new market highs at the North Dakota crush plants this week. Old crop has added $5.10-$5.45 per cwt. since the beginning of the marketing year. New crop prices added another 75 to 80 cents also setting new market highs this week. 2021 new crop prices have increased $4.15-$4.30 per cwt. since they first rolled out last fall. 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 $21.75 contract increases to $23.95, and the cash $22.50 contract moves to $24.75. USDA released its March supply and demand report last week. USDA left U.S. ending stocks unchanged for both corn and soybeans, Brazil’s soybean crop was increased by 1 Million Metric Tons (MMT) to 134 MMT, but Argentina’s crop was reduced slightly to 47.5 MMT. World ending stocks were increased slightly for corn and soybeans. Most traders viewed the report as neutral from last month’s crop report. USDA did however surprise the market by forecasting higher Brazilian soybean instead of lower. Weather in the U.S. and South America will be closely watched the next 30 days along with U.S. planting intentions. USDA releases its first 2021 planted acres estimates on March 31.

Markets at a Glance

Weekly Prices Recorded on Monday, March 15, 2021 ($/CWT)   Deliver Last Year Last Week This Week Change 2021 NEW Crop Chicago Oil Nearby 24.99 54.06 55.09 +1.03 49.13 West Fargo, ND NuSun 20.75 21.65 22.00 +.35 22.15 West Fargo, ND High Oleic 20.95 21.90 22.65 +.75 22.40 Enderlin, ND NuSun 20.60 21.45 22.20 +.75 22.25 Enderlin, ND High Oleic 20.80 21.55 22.55 +1.00 22.50 Lamar, CO High Oleic NA 21.50 21.80 +.30 22.00

U.S. CRUDE OIL VALUES recorded on Monday, March 15, 2021 (dollars per 100 lb. internal U.S. location)   Last Year Last Week This Week Change Soybean Oil 24.49 56.46 61.09 +4.63 Cotton Oil (psby) 33.99 87.46 90.09 +2.63 Corn Oil 39.00 66.00 69.00 +3.00 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.

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