Sunflower Highlights

Post Date: Jun 05 2023

Crop Progress - Monday, June 5, 2023

State	This Week	Last Week	Last Year	5 Year Average
North Dakota
Planted	41	30	31	54
Emerged	13	NA	2	14
South Dakota
Planted	41	28	33	33
Kansas
Planted	18	6	29	34
Minnesota
Planted	92	66	27	75
Colorado
Planted	36	25	23	26
Texas
Planted	NA	48	55	60

Panel Discussion to Address Future of Feeding Wild Birds

Today, many Americans put out bird food each year in their backyards to feed wild birds. This relaxing hobby helps people feel more connected to nature and is now known as one of the most popular hobbies in America. In fact, the outbreak of the COVID-19 pandemic in 2020 positively influenced the growth of the bird feeding industry. Over the past five years 45 to 55 percent of all sunflower seeds produced in the U.S. were utilized in the bird food market. Will this trend continue? Our expert panel of Paul Knudsen, Global Harvest Foods; Jon Purintun, Dakota Ag Synergy and Jordan Sauvageau, Red River Commodities Inc. will share their insight on current trends and what the future holds for the bird food industry. Register today for the NSA Summer Seminar and join us for the discussion on this important sector for the sunflower industry.

Markets

Nearby prices were mixed this week down 75 cents to up 30 cents. New crop was down 60 cents to unchanged. New crop prices are trading in a range of $20.85-$22.55 cash with AOG at $20.85-$22.90 at the crush plants. Something else to consider when looking at new crop prices are the oil premiums that crush plants pay on sunflowers. 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 $20.85 contract increases to $22.95, and the cash $22.55 contract moves up to $24.80. Sunflower planting continues in all states and is ahead of last year in Colorado, Minnesota, North and South Dakota. Kansas is slightly behind last year at this same time. In the past week, producers made excellent progress and planted an additional 159,000 acres pushing 2023 planted acres to about 550,000 acres. This represents 42% of this year’s projected planted acres and is slightly ahead of the five-year average of 41%. Last year at this same time only 31% of total projected acres were planted. In the next two weeks weather conditions are expected to be favorable for planting with above normal temperatures and below normal precipitation. Sunflower planting should pick up speed as growers across the U.S. finish sowing activities.

Breakout Sessions at Summer Seminar

Exports of sunflower oil, confection in-shell and kernel are vital to maintaining a vibrant sunflower industry. Two breakout sessions focusing on exports will be offered at the Summer Seminar. Curtis McCoy, International Trade Specialist will give a brief history and overview of the U.S. Department of Agriculture’s international trade agency, the Foreign Agricultural Service (FAS), before diving into a discussion on FAS’s role and relationship with the National Sunflower Association and what resources and opportunities FAS has available to the industry and farmers today. In the other breakout session, Lori McGehee, International Marketing Consultant will give an update on NSA’s international marketing campaigns results for U.S. sunflower in-shell, kernel and oil for the first half of 2023, activities for the remainder of the year and plans for 2024.

Registration Continues for 2023 NSA Summer Seminar

Registration continues for the 2023 NSA Summer Seminar, scheduled for June 27-29, 2023. This year’s Summer Seminar will be held in Spearfish, South Dakota. You can register on our website – go to 2023 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 $375 and golf at $160 and will increase at the door. To make your hotel reservation, call 605-642-4683 or go to: Hotel in Spearfish | Holiday Inn Spearfish-Convention Center Hotel (ihg.com). Contact Tina Mittelsteadt at tinam@sunflowernsa.com with questions.

Upcoming Events

June 27-29, 2023 - NSA Summer Seminar; Spearfish, SD

Markets at a Glance

Weekly Prices Recorded on Monday, June 5, 2023 ($/CWT)

	Deliver	Last Year	Last Week	This Week	Change	2023 NEW Crop
Chicago Oil	Nearby	81.19	46.20	49.26	+3.06	48.48
West Fargo, ND	NuSun	40.75	18.50	18.80	+.30	20.85
West Fargo, ND	High Oleic	41.25	19.00	19.30	+.30	22.35
Enderlin, ND	NuSun	40.45	18.85	18.95	+.10	21.35
Enderlin, ND	High Oleic	41.20	19.35	19.45	+.10	22.55
Lamar, CO	High Oleic	40.50	21.25	20.50	-.75	22.90

U.S. CRUDE OIL VALUES recorded on Monday, June 5, 2023
(dollars per 100 lb. internal U.S. locations)

	Last Year	Last Week	This Week	Change
Soybean Oil	92.69	51.20	54.26	+3.06
Cotton Oil (pbsy)	121.19	91.20	94.26	+3.06
Corn Oil	171.00	73.00	73.00	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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