Sunflower Highlights

Post Date: Nov 12 2024

Crop Progress - Tuesday, November 12, 2024

State	This Week	Last Week	Last Year	5 Year Average
North Dakota
Harvested	76	62	56	67
South Dakota
Harvested	83	65	66	71
Minnesota
Harvested	91	77	92	87
Colorado
Harvested	92	85	91	81
Kansas
Harvested	90	79	85	83
Texas
Harvested	100	100	100	86

Seed Quality - Tuesday, November 12, 2024

High Plains	2024	2023	Northern Plains	2024	2023
Oil Content	40.7%	38.0%	Oil Content	44.2%	45.0%
Foreign Material	4.4%	6.4%	Foreign Material	4.6%	4.0%
Moisture	6.6%	7.8%	Moisture	8.5%	9.1%
Test Weight	29.5 lbs.	28.3 lbs.	Test Weight	30.9 lbs.	30.7 lbs.

Grower Report

Lantry, South Dakota grower, Shannon Depoy is halfway done harvesting his sunflowers. He says his yields are averaging about 1600-1800 lbs. with a moisture level of 11.5%. He is hoping to get it under 11. Test weight is running about 30 lbs. The weather has been dry and mild and did not have their first freeze until last week. His stalks are still green, so harvesting is going well with no fire trouble.

Registration is now open for the 2025 NSA Research Forum, scheduled for January 8-9, 2025 at the Holiday Inn (3803 13^th Ave. S, Fargo, ND) Visit 2025 NSA Research Forum (sunflowernsa.com) to register for the Forum at the early bird price of $150. You’ll find hotel information there as well.

Markets

Nearby prices at the crush plants are unchanged to up 50 cents in a range of $19.35-$20.00. Compared to last year at this same time nearby prices are trading $2.75-$3.55 per cwt. higher depending on location. Overall, high oleic prices continue to trade 40 cents to $1.00 per cwt. higher than the 60-day moving average at the crush plants. Crush plants are offering 2025 new crop cash and Act of God (AOG) high oleic contracts at $21.00-$21.50. Something else to consider is the oil premiums that crush plants pay on sunflowers. 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 $21.00 contract increases to $23.10, and the $21.50 contract moves up to $23.65. Very favorable weather conditions in the past week allowed sunflower producers to make good harvest progress. Harvest progress advanced 6% to 72% complete for the week ending November 10. In the past week, producers harvested an additional 38,600 acres pushing 2024 harvested acres to about 467,000 acres. Harvest progress is 11% ahead the five-year average and 17% ahead last year at this same time. The weather conditions in the Northern Plains are expected to allow the remaining harvest to move forward.

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