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Sunflower Highlights

Post Date: Jun 28 2021

Crop Progress - Monday, June 28, 2021 State This Week Last Week Last Year 5 Year Average North Dakota         Planted 95 94 92 97 Emerged 80 70 80 87 South Dakota         Planted 97 92 97 94 Minnesota         Planted 100 99 100 100 Kansas         Planted 89 78 87 84 Colorado         Planted 92 83 93 86 Texas         Planted 83 75 80 83 Harvested 7 NA 7 21

Crop Conditions - Monday, June 28, 2021 State Very Poor Poor Fair Good Excellent North Dakota 2 22 49 25 2 Minnesota 2 8 35 53 2 Colorado 1 5 40 48 6

Grower report

Texas has sunflower fields at all different stages: in southern Texas, harvest is going on; sunflower in central Texas are at petal drop stage; and some acres are just now being planted. Mike Williams with Red River Commodities says sunflowers are looking very good. South Texas experienced a freeze in early February when about 30% of the crop was planted. Fortunately, only about 20% of the acres had to be replanted. The area received some timely rains at the right time and is yielding 1,800 – 2,200 lbs. compared to normal 600 – 800 lbs.  They are currently harvesting the acres and should finish up within the next three weeks. It was exceptionally dry in Colorado and Kansas until May. They have since received some timely rains.

Markets

The sunflower market clawed back most of the losses from the recent CBoT soy complex meltdown. At the North Dakota crush plants nearby prices increased 85 cents to $1.00 per cwt. The July contract added 85 cents $1.00 as well. New crop NuSun and high oleic gained 80 to 85 cents. Old and new crop prices were down 20 cents in the High Plains. On Tuesday, USDA will release its latest planted acres report. The trade believes a surge in U.S. soybean prices earlier this year led some farmers to seed more soybean acres. Traders expect the USDA report may show farmers planted 89.1 million acres of soybeans, up 1.5 million acres from its 87.6 million acres forecast at the end of March. Corn plantings are seen rising to 93.8 million versus the March report figure of 91.1 million. Wheat acres are expected to be 46 million versus USDA’s March forecast of 46.4 million. The trade expects sunflower acres to show a decrease from 2020. In the March intentions report producers indicated they planned to decrease oil acres by 28% with confection acres down 40% from last year. Traders are anxious to confirm if this drop in acres occurred or if producers switched acres from other crops to sunflower due to ongoing drought conditions. Planting is nearing the finish line for 2021. As of June 27, 95% of expected 2021 sunflower acreage was in the ground, up from 92% from the week prior and equal to the five-year average of 95%.

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