Sunflower Highlights

Post Date: Jun 17 2024

Crop Progress - Monday, June 17, 2024

State	This Week	Last Week	Last Year	5 Year Average
North Dakota
Planted	89	75	86	84
Emerged	51	19	55	48
South Dakota
Planted	82	53	84	75
Emerged	26	37	42	NA
Kansas
Planted	69	46	59	61
Minnesota
Planted	82	65	97	94
Colorado
Planted	56	42	68	68
Texas
Planted	NA	53	76	73
Harvested	NA	NA	NA	3

Ryan Hunt elected to NSA Board of Directors

Ryan Hunt with FMC Corporation was recently elected as an industry representative to the NSA Board of Directors. Hunt has a Bachelor of Science in Crop & Weed Science and a MSc in Plant Sciences from North Dakota State University. His specific project focused on pyroxasulfone. Hunt began working with FMC in 2010 covering Western ND, Western SD, and Eastern MT as a Retail Market Manager. He has been the FMC Technical Service Manager for ND, SD, and part of Minnesota since 2015. Ryan currently resides in West Fargo, ND.

This is National Pollinator Week

June 17-23 is National Pollinator Week. The BeSure! campaign is a longstanding collaboration across the ag industry to promote proper stewardship practices during the growing season. This season, growers and applicators can follow a few simple guidelines to BeSure! they’re using pesticides safely. Visit: BeSure! Stewardship Program (growingmatters.org)

Markets

Nearby sunflower prices at the crush plants were up 20 to 40 cents this week. The recently released USDA supply and demand report was considered neutral by many traders. USDA largely held steady on its June supply and demand numbers despite expectations of some movement in the supply side. Traders will likely continue to grapple with supplies showing up on the balance sheet as the marketing year unfolds but are more concerned with weather conditions in the U.S. in the near term. Sunflower producers are in the home stretch of wrapping up this year’s planting season as dry and warm weather allowed producers to make excellent planting progress in the past week. Planting continues in all states and is slightly ahead of the five-year averages in Kansas, North Dakota and South Dakota. Colorado, Texas, and Minnesota are behind the five-year average planting pace. As of June 16, 84% of the expected 2024 sunflower acreage was in the ground, up from 64% from the week prior and ahead of the five-year average of 77%. On June 28, USDA will release its 2024 planted acres report and will be an important factor in determining old and new crop prices. Look for demand news and position squaring ahead of USDA’s acreage report to guide the market this week.

Reminder about stored seed

Producers who have stored seed are reminded to keep a close eye on seed moisture. Verify the seed moisture content is dry enough for storage at summer temperatures. The recommended long-term moisture contents are 8 percent for oil sunflower and 10 percent for confectionary sunflower. The market moisture content may be higher but storing warm grain at higher moisture contents may lead to mold growth. Mold growth and insect infestations occur rapidly at summer temperatures so stored grain should be checked every two weeks. Visit: Harvest & Storage Resources (sunflowernsa.com) for more information on how to safely store seed.

Registration continues for the 2024 NSA Summer Seminar, scheduled for June 25-27, 2024. This year’s Summer Seminar will be held in Duluth, Minnesota. You can register on our website – go to 2024 NSA Summer Seminar (sunflowernsa.com). You’ll find our schedule as well as hotel information and more. The program has been finalized and is on the website. Registration is $400 and golf at $160 and will increase at the door. To make your hotel reservation, call 218-481-1185 Ext. 2. Contact Tina Mittelsteadt at tinam@sunflowernsa.com with questions.

Upcoming Events

June 25-27, 2024 - NSA Summer Seminar; Duluth, MN

Markets at a Glance

Weekly Prices Recorded on Monday, June 3, 2024 ($/CWT)

	Deliver	Last Year	Last Week	This Week	Change	2024 NEW Crop
Chicago Oil	Nearby	59.63	43.66	43.73	+.07	43.89
West Fargo, ND	NuSun	19.10	NQ	NQ	NC	NQ
West Fargo, ND	High Oleic	19.60	16.50	16.75	+.25	20.00
Enderlin, ND	NuSun	18.80	15.90	16.30	+.40	NQ
Enderlin, ND	High Oleic	19.30	16.30	16.50	+.20	18.50
Lamar, CO	High Oleic	20.25	16.20	16.60	+.40	20.00

U.S. CRUDE OIL VALUES recorded on Monday, June 17, 2024
(dollars per 100 lb. internal U.S. locations)

	Last Year	Last Week	This Week	Change
Soybean Oil	66.63	46.66	46.73	+.07
Cotton Oil (pbsy)	94.63	68.66	68.73	+.07
Corn Oil	70.00	55.00	55.00	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.

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