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Sunflower Highlights

Post Date: Mar 08 2021

Robert Majkrzak 2021 Gold Award Winner

Robert Majkrzak has been named the 2021 NSA Gold Award winner. Robert (Bob) retired from Red River Commodities after 35 years with the organization serving as the President and CEO for 30 years. He grew the company from one operation to several divisions including Processing, Wildlife, SunGold Foods, SunButter and Global Ingredients with multiple processing locations in the USA and customers throughout the world. Bob devoted much of his career to sunflower serving on the NSA Board of Directors and Chairman of the NSA Confection Promotion Committee. He was a leader on several key issues facing the sunflower industry such as: adoption of the Food Safety and Modernization act, Blair House Agreement, International Trade,  Research and several Farm Bills.

Take Bird Damage Survey Today!

Researchers at NDSU need to hear from all sunflower producers nationwide. If you do not experience blackbird damage or have not recently planted sunflower, they still need to hear from you! Your responses will help to understand the nature of the issue, economic impacts, and efficacy of current management techniques. Your feedback will direct future research addressing bird damage and improve sunflower production. The survey should take less than 15 minutes to complete. If you have received a survey in the mail, please fill it out and return it in the pre-paid envelope. If you have not received the survey, please follow this link or QR code to fill out the online version: https://ndstate.co1.qualtrics.com/jfe/form/SV_1UoXI3SKlKGW8PH

Markets

Old crop NuSun and High Oleic prices ended the week up 60 to 90 cents at the North Dakota crush plants. Old crop has added $4.55 per cwt. since the beginning of the marketing year. New crop prices added another 40 cents this week. 2021 new crop prices have increased $3.40-$3.70 per cwt. since they first rolled out last fall. At Colorado Mills in Lamar, CO, high oleic old crop, and new crop prices were unchanged this week.  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 $20.95 contract increases to $23.05 and the cash $21.70 contract moves close to $24.00. RMA has announced crop insurance prices for spring crops. Oil-type sunflowers are at $22.00, up 30 percent from last year’s price election. Confection sunflowers are at $27.30, up 21 percent from last year. The crop insurance price for oil-type or confection sunflowers has not been this high since 2013. In general, commodity prices continue to be traded on US export demand and South American harvest delays and production prospects.

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