Sunflower Highlights

Post Date: Jun 21 2021

Crop Progress - Monday, June 21, 2021

State	This Week	Last Week	Last Year	5 Year Average
North Dakota
Planted	94	84	88	94
Emerged	70	41	61	73
South Dakota
Planted	92	79	87	83
Kansas
Planted	78	56	76	73
Minnesota
Planted	99	94	100	99
Colorado
Planted	83	67	85	72
Texas
Planted	NA	64	68	72

Crop Conditions - Monday, June 21, 2021

State	Very Poor	Poor	Fair	Good	Excellent
Minnesota	2	4	28	63	3

Grower report

Brighton, CO area grower Tom Kirkmeyer says he is done planting his confection sunflowers, finishing up two weeks ago. Planting conditions were great this year with most plants emerged. Recently the area is having very hot, triple digit temperatures and windy conditions. Growers are concerned if these conditions persist, plant development could go backwards in a hurry.

USDA to begin QLA and WHIP+ payments

More than $1 billion in payments will be released over the next several weeks for agricultural producers with approved applications for the Quality Loss Adjustment (QLA) Program and for producers who have already received payments through the Wildfire and Hurricane Indemnity Program Plus (WHIP+). These U.S. Department of Agriculture (USDA) programs provide disaster assistance to producers who suffered losses to 2018 and 2019 natural disasters. More information can be found using this link: USDA to Begin Payments for Producers Impacted by 2018 and 2019 Natural Disasters

Markets

Nearby prices were down $1.00 to $1.60 with new crop down 95 cents to $1.60 this week at the crush plants as sunflower values followed the huge selloff in CBoT soy oil futures contracts. CBoT soy oil values experienced a meltdown as traders fear the Biden administration will back off of anticipated higher biofuel targeted mandates. Traders were expecting the Biden administration to impose more ambitious quotas and stop exempting refineries from them. Rumors circulated that EPA is developing targets for biofuel that are likely to be relatively flat or even lower as it seeks to balance the interests of blue-collar refining workers and advance a clean-energy agenda. A broad market selloff that sent grain, stocks, crude oil, metals, livestock, and other commodities sharply lower amid concerns over rising inflation and the potential for interest rate hikes applied additional headwinds. Sunflower producers are in the home stretch of wrapping up this year’s planting season. Planting progress is equal to or ahead of last year at this same time in all states. As of June 20, 92% of expected 2021 sunflower acreage was in the ground, up from 79% from the week prior and ahead of the five-year average of 87%. On June 30, USDA will release its 2021 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: sunflowernsa.com/growers/HarvestingStorage/Harvest--Storage-Resources/ for more information on how to safely store seed.

Sunflower oil exports similar to last year

Sunflower oil exports to Canada are on par with last year at this same time. From October 2020 to April 2021, Canada has imported 14,163 metric tons (MT) of sunflower oil. That compares to 14,234 MT from October 2019 to April 2020. Total sun oil exports from October 2020 to April 2021 were 25,086 MT, compared to 25,757 MT during the same time period a year ago.

Exports of confection sunflower up slightly

Exports of sunflower kernel are up slightly from a year ago, from 2,715 metric tons (MT) from October 2019 to April 2020 to 2,921 MT from October 2020 to April 2021. Canada remains the top importer of U.S. sunflower kernel, importing 1,459 MT. In-shell exports are also up from 11,253 MT from October 2019 to April 2020 to 14,996 MT from October 2020 to April 2021. Spain remains the top importer of in-shell sunflower, importing 5,331 MT with Mexico a close second importing 3,901 MT during the period.

Upcoming Events

August 26, 2021 - NSA High Plains Committee Meeting, Goodland, KS
January 12-13, 2022 - NSA Research Forum, Holiday Inn, Fargo, ND

Weekly Prices Recorded on Monday, June 21, 2021 ($/CWT)

	Deliver	Last Year	Last Week	This Week	Change	2021 NEW Crop
Chicago Oil	Nearby	28.35	65.96	60.33	-5.63	57.93
West Fargo, ND	NuSun	19.55	27.30	26.00	-1.30	25.15
West Fargo, ND	High Oleic	19.80	27.80	26.50	-1.30	25.65
Enderlin, ND	NuSun	19.45	27.50	25.90	-1.60	25.40
Enderlin, ND	High Oleic	19.75	28.00	26.40	-1.60	25.90
Lamar, CO	High Oleic	NA	27.00	26.00	-1.00	26.00

U.S. CRUDE OIL VALUES recorded on Monday, June 21, 2021
(dollars per 100 lb. internal U.S. location)

	Last Year	Last Week	This Week	Change
Soybean Oil	26.85	93.96	88.33	-5.63
Cotton Oil (psby)	43.35	103.96	98.33	-5.63
Corn Oil	61.00	83.00	83.00	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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