Sunflower Highlights

Post Date: Jun 06 2022

Crop Progress - Monday, June 6, 2022

State	This Week	Last Week	Last Year	5 Year Average
North Dakota
Planted	33	22	70	67
Emerged	2	NA	25	22
South Dakota
Planted	35	23	51	39
Kansas
Planted	32	12	38	34
Minnesota
Planted	30	7	91	89
Colorado
Planted	25	12	27	26
Texas
Planted	58	49	55	60

Zahradka Appointed to NSA Board of Directors

Lacey Zahradka has been appointed to the National Sunflower Association Board of Directors. She will be the first woman to ever serve on the board. Lacey grew up on a family farm in Reynolds, ND that produced sunflowers, soybeans, corn, wheat, and edible beans. Her family also raises cattle. Lacey graduated from NDSU in 2010 and started her career with Archer Daniels Midland Company (ADM) as a merchandiser for the canola crush plant in Velva, ND. She moved to ADM’s multi commodity oilseed processing facility in Enderlin, ND in 2012 holding various different roles with most currently being assistant manager and comes to the board with a decade of experience in sunflower origination. As an NSA board member, Lacey is involved in providing direction and setting policies for numerous NSA programs in market development, promotion, and research. Lacey and her husband Codie have three children and live in Kindred, ND.

Markets

Nearby prices were mixed this week at down 25 to up 50 cents. New crop was unchanged to up 30 cents. New crop prices are trading in a range of $33.95-$35.10 cash with AOG at $33.40-$34.45 at the crush plants. Something else to consider when looking at new crop prices are the oil premiums that crush plants pay on sunflower. 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 $33.40 contract increases to $36.75, and the cash $35.10 contract moves up to $38.60. Sunflower prices are supported by tightening global vegetable oil supply concerns as well as the murky outlook for Ukrainian sunflower production due to the ongoing war. Excessive soil moisture continued to delay fieldwork in Minnesota and North Dakota, where sunflower planting is behind last year and the five-year average pace. Planting progress in South Dakota is behind last year but equal to the five-year average. In the High Plains states planting was slowed by recent moisture but is close to last year’s pace and the five-year average. As of June 5, 34% of expected 2022 sunflower acreage was in the ground, up 12% from the week prior and but behind the five-year average of 50%. Sunflower planting should pick up speed in next couple weeks as growers across the U.S. finish sowing activities.

Plenty of Time to Plant Sunflowers

As the optimal planting window is closing on some crops, there is still time to take advantage of the market opportunities that sunflowers can offer. Seed supplies are still plentiful and there is still time to place an order to put in some acres this growing season. The final planting dates for crop insurance purposes for sunflower vary by state and county. In North Dakota it is either June 10 or 15; South Dakota is June 15 or 20 and all of Minnesota is June 10. After these dates, the coverage is reduced by only 1 percent per day. The actual final date that sunflowers can be planted is anywhere from 20 to 25 days after this date depending on the county. To find the final planting date by county use this link: Crop Insurance (sunflowernsa.com)

Registration Continues for 2022 NSA Summer Seminar

Registration continues for the 2022 NSA Summer Seminar, scheduled for June 28-30, 2022. This year’s Summer Seminar will be held in Grand Forks, North Dakota. You can register on our website – go to www.sunflowernsa.com/events/2022-NSA-Summer-Seminar/. The program has been finalized and is on the website. You’ll find our scheduled events, as well as hotel information and more. Registration is $375 and golf at $145 and will increase at the door. To make your hotel reservation, call 701-772-8404, or visit their website Reservations | Grand Forks | Canad Inns (reseze.net). The NSA Group Code is 16445. Contact Tina Mittelsteadt at tinam@sunflowernsa.com with questions.

Upcoming Events

June 28-30, 2022 - NSA Summer Seminar; Grand Forks, ND

August 25, 2022 - NSA High Plains Committee Meeting; Goodland, KS

Markets at a Glance

Weekly Prices Recorded on Monday, June 6, 2022 ($/CWT)

	Deliver	Last Year	Last Week	This Week	Change	2022 NEW Crop
Chicago Oil	Nearby	70.83	78.92	81.19	+2.27	77.53
West Fargo, ND	NuSun	28.30	40.75	40.75	NC	33.95
West Fargo, ND	High Oleic	28.80	41.25	41.25	NC	34.95
Enderlin, ND	NuSun	28.25	40.70	40.45	-.25	34.10
Enderlin, ND	High Oleic	28.75	41.20	41.20	NC	35.10
Lamar, CO	High Oleic	27.55	40.00	40.50	+.50	34.50

U.S. CRUDE OIL VALUES recorded on Monday, June 6, 2022
(dollars per 100 lb. internal U.S. locations)

	Last Year	Last Week	This Week	Change
Soybean Oil	98.63	90.42	92.69	+2.27
Cotton Oil (pbsy)	108.83	113.92	121.19	+7.27
Corn Oil	83.00	171.00	171.00	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.

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