Sunflower Highlights

Post Date: Dec 04 2023

NSA Board of Directors re-elects officers

Brighton, CO producer Tom Kirkmeyer was re-elected as NSA Board President at last week’s board meeting, held on November 29-30. Lemmon, SD producer Lance Hourigan will continue to serve as NSA Board Chairman. Chuck Todd, producer from Onida, SD was re-elected as first vice president and Josh Greff, producer from Regent, ND was re-elected as second vice president. Lacey Zahradka of Archer Daniels Midland was re-elected as the NSA Secretary-Treasurer.

Call for papers

Here’s your chance to be a part of the National Sunflower Association’s Research Forum. We are looking for research papers to be presented at the NSA Research Forum, set for January 10-11, 2024, in Fargo, ND. Presentations may be either oral or in the form of a poster. A time will be designated for authors to be with their posters and answer questions. Each oral presentation will be limited to 15-17 minutes with 2-3 minutes allowed for questions. Visit 2024 Call for Papers (sunflowernsa.com) if you are interested in presenting a paper. 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 December 11, 2023.

Markets

Sunflower harvest is largely finished up for the 2023 growing season across the country and remains mostly ahead of historical benchmarks as the season ends. In the past week nearby prices ended unchanged to up 25 cents. With the 2023 U.S. harvest in the books, traders will increasingly look to South America for price signals in the coming months. Soybean production in Brazil even with all the country's weather issues, is still on track to be a record. According to USDA, production in the South American country is still pegged at 163 million metric tons in the 2023/2024 marketing year, which if realized would be up from the previous year's 158 million tons and the highest ever recorded. In addition, Argentina is expecting a significant rebound in soybean production from last year’s drought reduced crop. Given the potential of a much larger South American soybean crop, this bears watching as international trade would assume much of the impact and could affect new crop oilseed prices. USDA will release its supply and demand report this week. Traders are anticipating that any significant changes to production, stocks and usage will come in the January report. The next big report on the 2023 sunflower crop will come in the January 2024 WASDE and Crop Production reports, which will feature a final estimate of 2023 yield, acreage, and production. The USDA Grain Stocks report released that day will also provide fresh insights to final 2022/23 usage figures that will determine 2023/24 beginning stocks values.

Registration is now open for the 2024 NSA Research Forum, scheduled for January 10-11, 2024 at the Holiday Inn (3803 13^th Ave. S, Fargo, ND) Visit 2024 NSA Research Forum (sunflowernsa.com) to register for the forum at the early bird price of $130. You’ll find hotel information there as well.

’Getting It Right’ Sunflower Event Date Set

North Dakota State University’s Agricultural Extension Service has already set the date for its next annual ‘Getting It Right’ sunflower production Zoom conference. The 2024 version will take place on Tuesday, February 27. Interested parties can get more information and/or register by visiting https://www.ndsu.edu/agriculture/ag-hub/getting-it-right. That same site carries extensive coverage of the topics addressed during the 2023 ‘Getting It Right’ conference, which was supported by the National Sunflower Association. Several other resources can be found at this website as well, including the NDSU weed control, insect management and plant disease management guides.

Upcoming Events

January 10-11, 2024 - NSA Research Forum; Holiday Inn; Fargo, ND
June 25-27, 2024 - NSA Summer Seminar; Duluth, MN

Seed Quality - Monday, December 4, 2023

High Plains	2023	2022	Northern Plains	2023	2022
Oil Content	38.6%	40.0%	Oil Content	45.2%	44.3%
Foreign Material	6.5%	5.9%	Foreign Material	3.9%	4.1%
Moisture	7.4%	7.3%	Moisture	8.6%	9.2%
Test Weight	28.6 lbs.	29.0 lbs.	Test Weight	30.7 lbs.	30.2 lbs.

Weekly Prices Recorded on Monday, December 4, 2023 ($/CWT)

	Deliver	Last Year	Last Week	This Week	Change	2024 NEW Crop
Chicago Oil	Nearby	64.90	51.91	51.19	-.72	49.68
West Fargo, ND	NuSun	24.00	NQ	NQ	NC	NQ
West Fargo, ND	High Oleic	25.50	16.50	16.50	NC	19.00
Enderlin, ND	NuSun	24.40	NQ	NQ	NC	NQ
Enderlin, ND	High Oleic	25.90	15.80	16.05	+.25	NQ
Lamar, CO	High Oleic	27.00	17.20	17.20	NC	NQ

U.S. CRUDE OIL VALUES recorded on Monday, December 4, 2023
(dollars per 100 lb. internal U.S. locations)

	Last Year	Last Week	This Week	Change
Soybean Oil	69.07	54.56	54.74	+.18
Cotton Oil (pbsy)	112.57	86.06	86.24	+.18
Corn Oil	119.00	64.00	64.00	NC

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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