Sunflower Highlights

Post Date: Mar 13 2023

2022 Sunflower Crop Quality Report available online

The 2022 U.S. Sunflower Crop Quality Report is now available on the NSA website. To view the report, follow this link to our website: www.sunflowernsa.com/stats/us-crop-quality/. The U.S. Sunflower Crop Quality Report is produced annually by the National Sunflower Association. The report contains useful information about sunflower acreage and production, confection and oil-type seed quality, mid-oleic and high oleic oil quality analysis and oil traits, product specifications, oil trading rules, statistics on marketing the crop, world and U.S. supply and demand tables, sunflower oil and meal exports for the United States and other related topics of interest to those in the industry.

Deadline is Approaching for NSA Scholarship

There is still time to submit applications for the National Sunflower Association’s Curtis Stern Memorial Scholarship. Scholarship funds assist students who study in the field of agriculture with a special emphasis on sunflower production, promotion, or research. Preference will be given to students who are in their last two years of undergraduate studies or in graduate level studies and have maintained at least a cumulative 3.0 GPA on a 4.0=A scale. Application deadline is April 1, 2023. A total of $5,000 is available for the scholarship this year. Applications can be submitted online. Visit www.ndcf.net/receive/scholarships/stern.html to learn more. Contact Tina Mittelsteadt at tinam@sunflowernsa.com with any questions.

Markets

Nearby prices were unchanged to up 30 cents this week at the crush plants. New crop NuSun and high oleic prices were down 60 cents to unchanged. Until this week new crop prices had been very stable reflecting good seed demand this year. Something else to consider is the oil premiums that crush plants pay on sunflower. Sunflower is the only oilseed that pays premiums for oil content above 40%. 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 $24.45 contract increases to $26.90, and the cash $26.15 contract moves up to almost $29.00. All eyes continue to be on the ongoing talks to extend the Black Sea Grain Initiative that allows safe passage of shipping vessels through the Black Sea, which is set to expire on March 18. Most officials are optimistic that the initiative, which was originally brokered in July and renewed in November, will again be prolonged in the near future. If it is not renewed, markets will definitely take a bullish turn as buyers scramble to cover nearby needs. South American production trends continue to dominate the direction of prices for now, with traders also speculating on potential U.S. acreage for the upcoming 2023 growing season.

Sunflower Production Update set for March 21

Sunflower producers and crop advisers interested in sunflower production management updates should plan to participate in the Zoom conference ‘2023 Getting-it-Right in Sunflower Production’ on Tuesday, March 21 from 8:30 a.m. to noon CST. The program will be conducted by North Dakota State University Extension and is supported by NSA. Topics that will be covered range from hybrid selection, what has been learned from the fall sunflower surveys, plant nutrient and soil management, updates for weed, disease and insect management, combine fire prevention and sunflower marketing. Attendees will receive a list of several pertinent extension sunflower production resources as reference materials and are supplemental to the presentations. The presentations will be recorded and archived.

Certified crop adviser continuing education credits will be available for meeting participants. Pre-registration is required at:
https://www.ndsu.edu/agriculture/ag-hub/getting-it-right. This site also has video links to the previous sunflower production meeting. All who preregister will receive emailed instructions on how to participate in the meeting. The program is free of charge.

Resources available for producers on NSA website

As you plan for spring planting, there is helpful information on our website for producers. Visit www.sunflowernsa.com/growers to go to the growers section on our website; check out the Sunflower Production Resource Book for your area. The books provide guidelines and recommendations on production practices, pest identification, field selection and more.

Upcoming Events

March 21, 2023 - Getting-it-Right in Sunflower Production; Zoom Conference
June 27-29, 2023 - NSA Summer Seminar; Spearfish, SD

Markets at a Glance

Weekly Prices Recorded on Monday, March 13, 2023 ($/CWT)

	Deliver	Last Year	Last Week	This Week	Change	2023 NEW Crop
Chicago Oil	Nearby	78.73	59.88	55.34	-4.54	54.62
West Fargo, ND	NuSun	35.00	22.90	22.90	NC	23.80
West Fargo, ND	High Oleic	35.50	23.50	23.50	NC	25.30
Enderlin, ND	NuSun	35.60	22.70	23.00	+.30	24.95
Enderlin, ND	High Oleic	36.10	23.20	23.50	+.30	26.15
Lamar, CO	High Oleic	34.60	24.50	24.50	NC	26.00

U.S. CRUDE OIL VALUES recorded on Monday, March 13, 2023
(dollars per 100 lb. internal U.S. locations)

	Last Year	Last Week	This Week	Change
Soybean Oil	81.95	66.19	60.86	-5.33
Cotton Oil (pbsy)	103.95	106.19	100.86	-5.33
Corn Oil	113.00	96.00	96.00	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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