Sunflower Highlights

Post Date: Jan 09 2023

2023 NSA Research Forum is this week

The National Sunflower Association’s 45^th annual Sunflower Research Forum starts Wednesday, January 11. Researchers from the U.S. Department of Agriculture, North Dakota State University, South Dakota State University, and University of Nebraska will present their findings on sunflower studies they have conducted. Topics will cover everything from diseases, insects, irrigation, blackbirds, and more. The forum is set for January 11-12 at the Holiday Inn in Fargo, ND. This is an annual event designed to learn about research, promote discussion and stimulate creative thinking. It’s not too late to attend; you can register at the door on Wednesday morning! Visit 2023 NSA Research Forum (sunflowernsa.com) for more information.

Sunflower Production Update set for March 21

Sunflower producers and crop advisers interested in sunflower production management updates should plan to participate in the Zoom conference ‘2023 Getting-it-Right in Sunflower Production’ on Tuesday, March 21 from 8:30 a.m. to noon CST. The program will be conducted by North Dakota State University Extension and is supported by NSA. Topics that will be covered range from hybrid selection, what has been learned from the fall sunflower surveys, plant nutrient and soil management, updates for weed, disease and insect management, combine fire prevention and sunflower marketing. Attendees will receive a list of several pertinent extension sunflower production resources as reference materials and are supplemental to the presentations. The presentations will be recorded and archived.

Certified crop adviser continuing education credits will be available for meeting participants. Pre-registration is required at:
https://www.ndsu.edu/agriculture/ag-hub/getting-it-right. This site also has video links to the previous sunflower production meeting. All who preregister will receive emailed instructions on how to participate in the meeting. The program is free of charge.

Markets

Sunflower prices were mixed at the crush plants last week. Nearby prices were down 25 to 75 cents. 2023 new crop contracts were down 25 to up 20 cents. Sunflower is the only oilseed that pays premiums for oil content above 40%. Considering oil premiums that are offered at the crush plants on oil content above 40% at a rate of 2% price premium for each 1% of oil above 40%; this pushes a contract with 45% oil content gross return 10% higher per cwt. The AOG $25.85 contract increases to $28.45, and the cash $27.55 contract moves up to $30.30. On January 12, the USDA will issue an important monthly USDA report which will include updated US and World Supply and Demand tables, US Winter Wheat plantings, and Quarterly Stocks. In the report USDA, will release its latest estimate of 2022/23 US and global sunflower production. In December, USDA estimated global sunflower seed production at 50.70 million metric tons, down twelve percent from 2021/22 in spite of higher production in Russia, Argentina, and the US. The leading factor for the decrease is reduced production in Ukraine. Ukrainian sunflower production estimates remain murky due to the ongoing war but are anticipated to be around 40 percent lower than 2021. On the CBoT, trading has been driven by positioning ahead of this week’s USDA reports, the latest headlines from Ukraine, stronger dollar, demand news and La Nina weather conditions in South America.

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