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Sunflower Highlights
Post Date:
May 23 2022
Here is this week's sunflower Crop Progress for the following states:
Crop Progress - Monday, May 23, 2022
State
This Week
Last Week
Last Year
5 Year Average
North Dakota
Planted
3
NA
27
21
South Dakota
Planted
6
1
16
11
Kansas
Planted
10
4
13
10
Minnesota
Planted
NA
NA
42
59
Colorado
Planted
5
2
9
8
Texas
Planted
35
20
18
NA
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. Sunflowers can be planted until late June in the Dakotas. 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)
Processors are still offering cash and Act of God (AOG) production contracts at record high prices. With very profitable returns, diversifying market risk with some confection or oil sunflower acres is a good option in 2022. To talk to crushers and processors about contracting opportunities use this link:
Buyers and Sellers (sunflowernsa.com)
Markets
Sunflower prices remain at record highs as the battle for 2022 acres continues. The conflict in Ukraine pushed sunflower prices to all-time record highs this spring. Previous market highs of $38.80 set in 2011 for old crop and $30.50 set in 2008 for new crop were surpassed in late April at the crush plants. The rally has continued each week as the lack of global sunflower seed availability and strong oil demand have encouraged crushers to pay more for the available crop. This week at the North Dakota crush plants, old crop added 50 cents. New crop prices increased 75 cents to $1.00 and are trading at $33.95-$35.10 cash with AOG at $33.40-$34.45. In the High Plains, old and new crop increased 50 cents. Something else to consider when looking at new crop prices are 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 $33.40 contract increases to $36.75, and the cash $35.10 contract moves up to $38.60. Late season planted crops like sunflower can perform well and markets will reward that production this year. There is still time to adjust your plans to take advantage of the market opportunities that sunflowers can offer.
Register Now for 2022 NSA Summer Seminar
Registration is now open for our 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 schedule too, as well as hotel information and more. Pre-registration begins at $325 and golf at $115, so register early for the best price. Prices increase on June 5, 2022. A block of rooms has been reserved at the Canad Inns. To make your reservation, call 701-772-8404. The NSA Group Code is 16445. The group rate is $91 per night plus taxes.
The block of rooms will expire on May 27, 2022.
Contact Tina Mittelsteadt at
tinam@sunflowernsa.com
with questions.
NSA Website Provides Helpful Information for Producers
Have questions about growing sunflowers? You’ll find the answers to your questions on our website! Visit
www.sunflowernsa.com
and click on the “
Growers
” section – you will find answers to frequently asked questions there as well as links to more information about many important topics, including approved chemicals, production, marketing, crop insurance and more.
Upcoming Events
June 28-30, 2022 -
NSA Summer Seminar; Grand Forks, ND
Markets at a Glance
Weekly Prices Recorded on Monday, May 23, 2022 ($/CWT)
Deliver
Last Year
Last Week
This Week
Change
2022 NEW Crop
Chicago Oil
Nearby
65.13
82.99
80.47
-2.52
74.77
West Fargo, ND
NuSun
26.80
40.75
40.75
NC
33.95
West Fargo, ND
High Oleic
27.30
41.25
41.25
NC
34.95
Enderlin, ND
NuSun
26.85
40.20
40.70
+.50
34.10
Enderlin, ND
High Oleic
27.35
40.70
41.20
+.50
35.10
Lamar, CO
High Oleic
26.90
39.50
40.00
+.50
34.20
U.S. CRUDE OIL VALUES recorded on Monday, May 23, 2022
(dollars per 100 lb. internal U.S. location)
Last Year
Last Week
This Week
Change
Soybean Oil
93.13
94.99
92.47
-2.52
Cotton Oil (pbsy)
100.13
117.99
115.47
-2.52
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.
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