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Sunflower Highlights

Post Date: Dec 06 2021

NSA Board of Directors elect officers

Lemmon, SD producer Lance Hourigan will continue as NSA Board President. Hourigan was re-elected at last week’s board meeting, held on December 2-3. Clark Coleman will continue to serve as NSA Board Chairman. Brighton, CO producer Tom Kirkmeyer was re-elected first vice president and Chuck Todd, producer from Onida, SD was re-elected second vice president. David Douglas of Archer Daniels Midland was elected as the new NSA Secretary-Treasurer.

Enterprise units by sunflower type to be available in 2022 crop year

The USDA Risk Management Agency (RMA) has announced it will allow sunflower enterprise units to be insured by type in the 2022 crop year. Senator Kevin Cramer (ND) led the North Dakota and South Dakota delegations on a letter to RMA urging them to improve the sunflower crop insurance program by offering this insurance option. This additional option enables producers to be indemnified separately by sunflower type. The benefit for producers is that a gain on one type (e.g., confectionery type) does not offset the loss payment on another type (e.g., oil type). NSA greatly appreciates the support of the North Dakota and South Dakota congressional delegations and RMA in obtaining this important change to the sunflower crop insurance program. Having enterprise units by sunflower type will strengthen coverage options and increase consistency, clarity, and flexibility, making crop insurance a better risk management tool for sunflower producers.

Markets

Sunflower harvest is largely finished up for the 2021 growing season across the country and remains mostly ahead of historical benchmarks as the season ends. In the past week nearby prices were mixed at down 50 cents to up 5 cents with 2022 new crop down 20 cents to unchanged. In spite of the losses this week prices remain stronger than normal for this time of the year at the crush plants as reduced 2021 production and strong oil demand has crush plants looking for seed supplies. On the Chicago Board of Trade, Brazil competing strongly for China’s soybean business is causing concern among traders. Brazil is the top volume exporter to China and is looking at a record large crop again this year. Traders fear this will shorten the traditional U.S. export window and lead to waning demand from China. This has led to weakness across the CBoT soy complex. Given the potential of a record breaking South American soybean production, this bears watching as international trade would assume much of the impact and could affect new crop oilseed prices. Overall price direction will be determined by export demand news and South American oilseed production prospects in the near term. 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.

Register Now for the 2022 NSA Research Forum

Registration is now open for the 2022 NSA Research Forum, scheduled for January 12-13, 2022 at the Holiday Inn (3803 13th Ave. S, Fargo, ND) Visit 2022 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.

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 12-13, 2022, 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 10-12 minutes with 2-3 minutes allowed for questions. Visit www.sunflowernsa.com/Research/call-for-papers/ 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 17, 2021.

Seed Quality - Monday, December 6, 2021 High Plains 2021 2020 Northern Plains 2021 2020 Oil Content 40.0% 39.4% Oil Content 44.6% 43.5% Foreign Material 6.7% 6.6% Foreign Material 3.9% 4.0% Moisture 6.5% 7.3% Moisture 8.3% 9.4% Test Weight 29.3 lbs. 28.7 lbs. Test Weight 31.8 lbs. 29.8 lbs.

Weekly Prices Recorded on Monday, December 6, 2021 ($/CWT)   Deliver Last Year Last Week This Week Change 2022 NEW Crop Chicago Oil Nearby 38.87 58.26 57.79 -.47 55.26 West Fargo, ND NuSun 18.95 32.00 31.50 -.50 27.00 West Fargo, ND High Oleic 19.85 32.45 32.45 NC 27.50 Enderlin, ND NuSun 18.75 32.10 32.15 +.05 27.30 Enderlin, ND High Oleic 18.75 32.30 32.35 +.05 27.55 Lamar, CO High Oleic NQ 31.50 31.50 NC 27.50

U.S. CRUDE OIL VALUES recorded on Monday, December 6, 2021 (dollars per 100 lb. internal U.S. location)   Last Year Last Week This Week Change Soybean Oil 40.12 74.26 70.86 -3.40 Cotton Oil (pbsy) 55.03 98.26 97.86 -.40 Corn Oil 69.00 88.00 86.00 -2.00 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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