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Sunflower Highlights

Post Date: Jan 29 2024

2024 Research Presentations Available Online

If you were not able to attend this year’s NSA Research Forum you can still learn about the latest sunflower research. Power Point Presentations of all the reports given at the forum can now be found on the NSA website under the “research” tab. Visit 2024 (sunflowernsa.com) to see this year’s presentations. Researchers from the U.S. Department of Agriculture, North Dakota State University, South Dakota State University, and University of Nebraska presented papers and posters on their work. For a historical look, all the presentations dating back to 2008 are available from the main Research Forum Presentations page.

Nominations invited for NSA Gold Award

Every year, the National Sunflower Association presents its Gold Award to an individual who has contributed extraordinarily to the overall sunflower industry, either through his or her occupation or through the National Sunflower Association. This award is considered to be the highest award that the NSA presents to individuals. The award has been given since 1989. Some past Gold Award winners include John McLean, Larry Kleingartner, Duane Berglund, Sen. Mark Andrews, Chuck Moses, Jim Krogh, Gary Fick and Robert Majkrzak. Nominations are now being accepted for the 2024 NSA Gold Award. Visit www.sunflowernsa.com/all-about/goldaward/ for the eligibility and criteria requirements. Nominations must be received by February 9, 2024. The NSA Board of Directors will review all submitted applications and choose a recipient. The Gold Award will be presented during this year’s NSA Summer Seminar, set for June 25-27 in Duluth, MN.

2024 Research Requests Total $554,109

The National Sunflower Association received twelve research proposals for 2024, totaling $554,109. The NSA Research Committee met recently to review the proposals and make recommendations for the NSA Board of Directors. The NSA Board will make final decisions on funding during their annual meeting in mid-February. Proposed projects include studies of insects, disease, weeds, and production.

Markets

Nearby sunflower prices for the week ended mixed at down 50 cents to unchanged. New crop prices for high oleic sunflowers were unchanged. On February 1, the USDA Risk Management Agency (RMA) will begin the discovery process in determining 2024 crop insurance price elections for sunflowers. Producers have the option of choosing Yield Protection, Revenue Protection, and Revenue Protection with the Harvest Price Exclusion. All three policies have the same price election. To follow the direction for sunflower price elections, watch the 2024 CBoT December soyoil contract during the month of February. Last year the projected price for oil sunflower was $30.50 with confections at $32.60. Using the same oil versus confection price differential and based on the current CBoT December contract price the projected price for oil sunflower would be about $24.30 with confections at $26.40. Final price elections will be announced in early March. Harvest is underway in South America. This will have the trade keeping close tabs on weather conditions, yield, and production forecasts. 2023/24 soybean production in Argentina is expected to be significantly higher at 52.5 million metric tons (MMT) due to favorable growing conditions in comparison to hot, dry weather experienced last season. In Brazil, most analysts are still expecting a bin-busting soybean crop of around 157 MMT. The market is also keeping a close eye on the Russia-Ukraine war as each country is a major grain exporter.

Upcoming North Dakota County & District 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 January and February. Here’s a list by county: Eddy County: January 31, 1:00 p.m., Eddy County Extension Office New Rockford Pierce County: February 6, 10:00 a.m., Ag Country Farm Credit Services, Rugby Towner County: February 8, 10:30 a.m., Masonic Lodge, Cando Logan County, February 13, 2:30 p.m., Logan County Courthouse, Commissioner's Room, Napoleon Burleigh County, February 13, 12:00 p.m., Bismarck Event Center, Room 101, Bismarck Foster County: February 14, 10:00 a.m., NDSU Carrington REC, Carrington Benson County: February 22, 10:00 a.m., Benson County Courthouse Courtroom, Minnewaukan McIntosh County: February 26, 1:00 p.m., American Legion, Ashley District Elections District 4: March 7, 11:30 a.m., White Maid Diner and Bar, 301 Main Ave., Napoleon District 5: March 14, 10:00 a.m., Benson County Courthouse, Courtroom, 311 B Ave. South, Minnewaukan   For more information, visit  www.oilseedcouncil.nd.gov

Upcoming Events

February 6-7, 2024 - High Plains No-Till Conference; Burlington, CO February 27, 2024 - Getting-it-Right in Sunflower Production Zoom Conference

Markets at a Glance

Weekly Prices Recorded on Monday, January 29, 2024 ($/CWT)   Deliver Last Year Last Week This Week Change 2024 NEW Crop Chicago Oil Nearby 61.32 48.16 45.55 -2.61 45.78 West Fargo, ND NuSun 20.25 NQ NQ NC NQ West Fargo, ND High Oleic 21.75 NQ NQ NC 19.50 Enderlin, ND NuSun NQ NQ NQ NC NQ Enderlin, ND High Oleic NQ 15.25 14.75 -.50 19.50 Lamar, CO High Oleic 25.00 16.70 16.70 NC 20.00

U.S. CRUDE OIL VALUES recorded on Monday, January 29, 2024 (dollars per 100 lb. internal U.S. locations)   Last Year Last Week This Week Change Soybean Oil 66.82 51.66 49.05 -2.61 Cotton Oil (pbsy) 106.32 73.16 70.55 -2.61 Corn Oil 111.00 62.00 62.00 NC Prices recorded here are believed to be reliable at the time of posting. Individual companies have the right to correct any errors that may occur. Contact these facilities for complete market details.

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