Sunflower Highlights

Post Date: Dec 09 2024

Canada sunflower seed production decreases

According to Statistics Canada data, 2024 Canadian sunflower seed production is estimated at 50,680 metric tons (MT), which is down 45 percent from 2023. Last year Canadian farmers produced 92,468 MT of sunflower seed. The 2024 production is well below the previous three-year average of 83,800 MT. The majority of Canada’s sunflower crop is grown in Manitoba, with production also in Alberta and Saskatchewan.

Registration is open for the 2025 NSA Research Forum, scheduled for January 8-9, 2025 at the Holiday Inn (3803 13^th Ave. S, Fargo, ND) Visit https://www.sunflowernsa.com/events/2025-NSA-Research-Forum/ to register. You’ll find hotel information there also. The Holiday Inn will honor the special NSA Research Forum price of $115 (plus tax) per night if there are rooms available but you must ask for our block. Call (701) 282-2700 to reserve your room. Registration fee is $150 until December 27, 2024, after which the fee increases to $165 until January 6, 2025. At that time, registration will close and registration at the door will be $190. The Forum will be an in-person event. No refunds will be given after December 27, 2024. If you have questions, contact Tina Mittelsteadt at tinam@sunflowernsa.com or visit our website.

Seed Quality - Monday, December 9, 2024

High Plains	2024	2023	Northern Plains	2024	2023
Oil Content	39.8%	38.6%	Oil Content	43.9%	45.0%
Foreign Material	5.5%	6.5%	Foreign Material	5.0%	3.7%
Moisture	7.1%	7.4%	Moisture	8.4%	8.5%
Test Weight	29.4 lbs.	28.6 lbs.	Test Weight	30.9 lbs.	30.5 lbs.

Markets

Nearby sunflower prices at the crush plants ended the week up 25 to 50 cents with new crop up 20 to 50 cents. Birdfood prices continue in an upward trend depending on location. A year ago, harvest pressure and heavy producer selling caused prices to crash and nearby sunflower prices were trading in a range of $16.00-$17.00 at the crush plants. What a difference a year makes as reduced acreage, and production have led to little harvest pressure this year. Nearby prices are $3.60-$3.85 per cwt. higher this year versus last year at this time. Overall, high oleic prices continue to trade 90 cents to $1.00 per cwt. higher than the 60-day moving average at the crush plants. It is very possible that the market low has already been established and prices will remain relatively firm for the foreseeable future. USDA will release its supply and demand report this week. Traders are anticipating there won’t be any significant changes to corn, soybean and wheat production, stocks and usage. 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 2025 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. In the near term, the market will be closely watching export demand news and South American oilseed production prospects which will determine price direction.

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