Sunflower Highlights

Post Date: Apr 18 2022

Registration is now open for our 2022 NSA Summer Seminar, scheduled for June 28-30, 2022. This year’s Summer Seminar will be held in Grand Forks, North Dakota. You can register on our website – go to www.sunflowernsa.com/events/2022-NSA-Summer-Seminar/. You’ll find our tentative schedule too, as well as hotel information and more. Pre-registration will begin at $325 and golf at $115, so register early for the best price. A block of rooms has been reserved at the Canad Inns. To make your reservation, call 701-772-8404. The NSA Group Code is 16445. The group rate is $91 per night plus taxes. The block of rooms will expire on May 27, 2022. The program is being finalized and more information will be coming soon. Contact Tina Mittelsteadt at tinam@sunflowernsa.com with questions.

Best Management Practices for Sunflower Production

“Best Management Practices for Sunflower Production” published by South Dakota State University Extension is the 2021 NACAA Communication Award (Class #13 Bound Book/eBook) North Central Regional and State Winner. The National Association of County Agricultural Agents (NACAA) is an organization for Extension educators and other professionals working in agriculture and other related disciplines. A copy of the book is available online at https://extension.sdstate.edu/best-management-practices-sunflower-production

Oil Premium Paid at Crush Plants

Something else to consider when making final planting decisions 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 $32.15 contract increases to $35.35, and the cash $34.10 contract moves up to $37.50. See for yourself how the oil premium can add to the bottom line by going to: Oil Premium Calculator (sunflowernsa.com)

Markets

A significant winter storm dumped heavy snow in and around the Northern Plains with North Dakota being hit the hardest last week. The heavy snow that occurred across the north produced 1 to 2.5 feet of snow in many locations. On the upside, one to over two inches of liquid equivalent moisture was received for drought areas in western North Dakota and Montana. Cold temperatures are expected through this week and will be unfavorable for any fieldwork or planting for at least two weeks as snowmelt will be a very slow process. New crop sunflower prices extended gains last week at the ND crush plants, adding 40 cents. Old crop was unchanged. As the war in Ukraine approaches two months, worries over tight global supply and production prospects continue to lift sunflower prices. Ukraine is the world’s No. 1 sunflower oil exporter. But with the Russian invasion severely curbing sunflower oil export capabilities, that volume could fall nearly 36% this year giving others the opportunity to fulfill market demand. Since the war began, old crop prices have added $5.50-$6.50 with new crop adding $5.50-$5.75. New crop prices are at record highs and there is still time to adjust your plans to take advantage of the market opportunities that sunflowers can offer. Late season planted crops like sunflower can perform well and markets will reward that production. With lower than anticipated acres, diversifying market risk with some sunflower acres would be a good option in 2022.

NSA is an equal opportunity provider and employer. Anyone requesting special accommodation should notify NSA within a reasonable timeframe. NSA will accommodate reasonable requests.