Sunflower Highlights

Post Date: Dec 12 2022

Canada sunflower seed production increases

According to Statistics Canada data, 2022 Canadian sunflower seed production is estimated at 84,054 metric tons (MT), which is up 3 percent from 2021. Last year Canadian farmers produced 81,749 MT of sunflower seed. The 2022 production is slightly above the three-year average of 81,983 MT. The majority of Canada’s sunflower crop is grown in Manitoba, with production also in Alberta and Saskatchewan.

Registration is open for the 2023 NSA Research Forum, scheduled for January 11-12, 2023 at the Holiday Inn (3803 13^th Ave. S, Fargo, ND) Visit https://www.sunflowernsa.com/events/2023-NSA-Research-Forum/ to register. You’ll find hotel information there also. Rooms are still available at the Holiday Inn for the special NSA Research Forum price of $106 (plus tax) per night. Call (701) 282-2700 to reserve your room; these rooms are available on a first come, first served basis. Registration fee is $130 until December 27, 2022 after which the fee increases to $145 until January 9, 2023. At that time, registration will close and registration at the door will be $170. The Forum will be an in-person event. No refunds will be given after December 27, 2022. If you have questions, contact Tina Mittelsteadt at tinam@sunflowernsa.com or visit our website.

Seed Quality - Monday, December 12, 2022

High Plains	2022	2021	Northern Plains	2022	2021
Oil Content	40.0%	40.0%	Oil Content	44.9%	44.8%
Foreign Material	5.9%	6.7%	Foreign Material	4.3%	4.0%
Moisture	7.3%	6.5%	Moisture	9.1%	9.4%
Test Weight	29.0 lbs.	29.3 lbs.	Test Weight	30.2 lbs.	31.5 lbs.

Markets

Nearby NuSun and high oleic prices were mixed last week at the crush plants at down 40 cents to unchanged. 2023 new crop was down 20 cents to unchanged. Last week’s USDA December World Agricultural Supply and Demand Estimates saw little change, as expected. Many traders thought USDA kicked the can down the road as no changes were made to 2022 soybean yield or acreage estimates. On the soybean demand side, 2022/23 crush, exports, seed use and ending stocks were left unchanged from last month as well. Surveying is currently underway for the USDA National Agricultural Statistics Service’s (NASS) annual crop production report. Yield and acreage adjustments will likely be included in the January 2023 annual crop production report release. Updates from USDA’s October estimates on sunflower yield, acreage and production will be in the January report as well. On the Chicago Board of Trade, traders are focused on crop developments in South America. USDA anticipates Argentina will produce 49.5 million metric tons (MMT) of soybeans, while Brazil will produce 152 MMT, which is unchanged from last month. Market analysts are closely watching La Nina weather conditions and the potential they may have on South American oilseed production. While most production areas have some drought damage risk, there is still tremendous upside at the moment. Until more is known and or the crop is made market volatility will continue with each weather forecast in the weeks ahead.

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