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Sunflower Highlights

Post Date: Feb 14 2022

Upcoming North Dakota County Elections

Growers are invited to attend elections in their county for the sunflower representatives to the North Dakota Oilseed Council. Elections are being held in several areas in February. Here’s a list by county: Cavalier County, February 15, 5:30 p.m., American Legion, Langdon  McKenzie County: February 15, 12:30 p.m., McKenzie County EXT Office-Watford City Grand Forks County: February 16, 8:25 a.m., Alerus Center Meeting Room 1, (Morning Dove) Grand Forks Hettinger County: February 16, 12:30 p.m., KC Hall, Mott Golden Valley County: February 17, 12:00 p.m., Golva Bar, Golva Sioux County: February 17, 1:00 p.m., Sioux County Courthouse, Fort Yates McHenry County: February 18, 12:00 p.m., Senior Citizens Center, Anamoose Oliver County: February 22, 1;00 p.m., Civic Center, Center Dunn County: February 23, 5:00 p.m. Pipe Bar & Grill, Killdeer Mountrail County: February 23, 5:00 p.m., Mountrail County South Complex, Stanley Bowman and Slope Counties, February 28, 3:00 p.m., Community Center, Amidon  District elections will be held in March. For more information, visit www.oilseedcouncil.nd.gov

2022 South Dakota Pest Management Guides

SDSU Extension has released the 2022 South Dakota Pest Management Guides. Available for free on the SDSU Extension website, the guides provide updated recommendations for controlling weeds, insects, and diseases in sunflower. In addition, Pest Management Guides provide a comprehensive index of what pesticides are labeled for South Dakota fields.

Markets

Old crop NuSun and high oleic prices were unchanged to up 20 cents this week. New crop prices were unchanged to up 15 cents. The crop insurance price discovery process continues for 2022 crop insurance price elections. Oil type sunflowers are at $31.90, and confections are $39.90 per cwt., This represents a decrease of 20 cents per cwt. from last week. Last year at this same time, oil type sunflowers were at $21.40, and confections were $26.50 per cwt. To follow sunflower price election trends, watch the 2022 CBoT December soyoil contract through February 28. Final price elections will be announced in early March. The U.S. corn and soybean ending stocks are not tightening as much as expected, according to the latest USDA Supply & Demand and WASDE Reports. USDA reported bigger corn and soybean carryout estimates than trade estimates, disappointing market analysts. USDA pegged the 2021/2022 Brazil soybean output at 134.0 million metric tons (MMT) versus the trade's expectation of 133.0 MMT and the USDA's January estimate of 139 MMT. For Argentina soybean output was estimated at 45.0 MMT versus the trade's expectation of 44.0 MMT and the USDA's January estimate of 46.5 MMT. With the release of the latest USDA production forecasts, traders will focus on the U.S. export sales pace, South American weather, yield reports, and harvest progress. Ongoing tension with the Russia and Ukraine situation will also remain top of mind as well.

SDSP Announces New Processing Facility

The South Dakota Soybean Processors, LLC (SDSP) announced plans to construct a multi-seed processing plant near Mitchell, South Dakota last week. The plant will have the capacity to process soybean and sunflower. According to SDSP Chief Executive Officer Tom Kersting, “The increasing demand for vegetable oil is driving the expansion of soybean processing in the United States. A plant with the ability to also process hi-oilseed crops such as sunflowers (which can produce twice as much oil per acre than soybeans) significantly reduces the risk of the project and puts the plant in a much better position for long-term success.” Operation is expected to begin in 2025, and SDSP management noted engineering, permitting, and negotiations with state and local officials are still needed to finalize the project.

NSA scholarship available

The National Sunflower Association is seeking applicants for the Curtis Stern Memorial Scholarship. In tribute to the dedicated work of Curtis Stern, an industry advocate and former NSA board member. Preference will be given to students who are in their last two years of undergraduate studies or in graduate level studies and have maintained at least a cumulative 3.0 GPA on a 4.0=A scale. Application deadline is April 1, 2022. A total of $5,000 is available for the scholarship this year. Applications can be submitted online. Visit www.ndcf.net/receive/scholarships/stern.html  learn more.  Contact Tina Mittelsteadt at tinam@sunflowernsa.com with any questions.

Upcoming Events

March 10, 2022 - NSA High Plains Committee Meeting; Goodland, KS June 28-30, 2022 – NSA Summer Seminar; Grand Forks, ND

Markets at a glance

Weekly Prices Recorded on Monday, February 14, 2022 ($/CWT)   Deliver Last Year Last Week This Week Change 2022 NEW Crop Chicago Oil Nearby 47.27 65.34 65.81 +.47 62.26 West Fargo, ND NuSun 20.00 30.00 30.00 NC 26.70 West Fargo, ND High Oleic 20.20 33.00 33.15 +.15 27.70 Enderlin, ND NuSun 19.60 32.00 32.20 +.20 26.90 Enderlin, ND High Oleic 19.70 32.50 32.70 +.20 27.15 Lamar, CO High Oleic 20.00 31.50 31.50 NC 27.50

U.S. CRUDE OIL VALUES recorded on Monday, February 14, 2022 (dollars per 100 lb. internal U.S. location)   Last Year Last Week This Week Change Soybean Oil 48.52 74.34 74.81 +.47 Cotton Oil (pbsy) 77.27 105.34 105.81 +.47 Corn Oil 63.00 90.00 90.00 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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