Sunflower Highlights

Post Date: Jan 30 2023

2023 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 2023 (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 there as well.

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 the highest award that the NSA presents to individuals. The award has been given since 1989. Nominations are now being accepted for the 2023 NSA Gold Award. Visit www.sunflowernsa.com/all-about/goldaward/ for the eligibility and criteria requirements. Nominations must be received by February 10, 2023. 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 27-29 in Spearfish, SD.

2023 Research Requests Total $498,839

The National Sunflower Association received twelve research proposals for 2023, totaling $498,839. 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 spring meeting in late February. Proposed projects include studies of insects, disease, weeds, and production.

Markets

Heavy deliveries continue at the crush plants. Nearby sunflower prices for the week ended mixed at down $1.25 to up 25 cents. New crop prices for NuSun and high oleic sunflower trended lower at 25 cents to $1.00 lower. On February 1, the USDA Risk Management Agency (RMA) will begin the discovery process in determining 2023 crop insurance price elections for sunflower. 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 2023 CBoT December soyoil contract during the month of February. Last year the projected price for oil sunflower was $32.40 with confections at $40.50. 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 $30.70 with confections at $38.80. 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. 2022/23 soybean production in Argentina has been trimmed from earlier estimates due to hot, dry weather experienced earlier in the season. In Brazil, most analysts are still expecting a bin-busting soybean crop of around 140 million metric tons. 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 February. Here’s a list by county:

Barnes County: February 1, 9:00 a.m., Barnes County Extension office, Valley City
Griggs County: February 3, 11:15 a.m., Pizza Ranch, Cooperstown
Steele County, February 3, 11:00 a.m., Hope American Legion, Hope
Richland County: February 13, 10:00 a.m., Christine Community Center, Christine
Sargent County: February 13, 9:00 a.m., Sargent County Extension Office Forman
LaMoure County: February 16, 12:00 p.m., BankNorth Mall Community Room, LaMoure
Dickey County: February 24, 1:30 p.m., NDSU Extension Office, Dickey County Courthouse, Ellendale

District Elections
- District 2: March 22, 11:00 a.m., Griggs County Courthouse, Cooperstown
- District 3: March 22, 11:00 a.m., Sargent County Courthouse, Forman

For more information, visit www.oilseedcouncil.nd.gov

Upcoming Events

March 21, 2023 - Getting-it-Right in Sunflower Production; Zoom Conference
June 27-29, 2023 - NSA Summer Seminar; Spearfish, SD

Markets at a Glance

Weekly Prices Recorded on Monday, January 30, 2023 ($/CWT)

	Deliver	Last Year	Last Week	This Week	Change	2023 NEW Crop
Chicago Oil	Nearby	64.82	62.04	61.32	-.72	60.04
West Fargo, ND	NuSun	30.00	20.00	20.25	+.25	24.65
West Fargo, ND	High Oleic	32.60	21.50	21.75	+.25	25.90
Enderlin, ND	NuSun	31.50	NQ	NQ	NC	24.95
Enderlin, ND	High Oleic	32.00	NQ	NQ	NC	26.15
Lamar, CO	High Oleic	31.50	26.25	25.00	-1.25	26.50

U.S. CRUDE OIL VALUES recorded on Monday, January 30, 2023
(dollars per 100 lb. internal U.S. locations)

	Last Year	Last Week	This Week	Change
Soybean Oil	73.82	67.54	66.82	-.72
Cotton Oil (pbsy)	104.82	107.04	106.32	-.72
Corn Oil	90.00	111.00	111.00	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.

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