Sunflower Highlights

Post Date: Nov 13 2023

Crop Progress - Monday, November 13, 2023

State	This Week	Last Week	Last Year	5 Year Average
North Dakota
Harvested	59	48	90	72
South Dakota
Harvested	72	52	92	71
Minnesota
Harvested	92	84	93	87
Colorado
Harvested	92	87	70	78
Kansas
Harvested	87	79	87	82
Texas
Harvested	100	100	100	86

Seed Quality - Monday, November 13, 2023

High Plains	2023	2022	Northern Plains	2023	2022
Oil Content	38.0%	40.2%	Oil Content	45.0%	44.3%
Foreign Material	6.4%	6.1%	Foreign Material	4.0%	4.1%
Moisture	7.8%	7.2%	Moisture	9.1%	8.8%
Test Weight	28.3 lbs.	29.0 lbs.	Test Weight	30.7 lbs.	30.3 lbs.

Grower Report

Bismarck, North Dakota grower, Clark Coleman hopes to finish harvesting his sunflowers today. He says his yields are averaging about 2250-2500 lbs with a moisture level of 6%. He was surprised to see some head rot damage this year.

Registration is now open for the 2024 NSA Research Forum, scheduled for January 10-11, 2024 at the Holiday Inn (3803 13^th Ave. S, Fargo, ND) Visit 2024 NSA Research Forum (sunflowernsa.com) to register for the Forum at the early bird price of $130. You’ll find hotel information there as well.

Markets

Nearby prices at the crush plants were down 50 cents to unchanged this week. USDA released its latest supply and demand reports last week. USDA put soybean production at 4.129 billion bushels, above the trade’s expectation of 4.108 billion bushels and the October estimate of 4.104 billion bushels. In addition, U.S. ending soybean stocks were raised to 245 million bushels, above the trade’s expectation of 225 million bushels and USDA’s October estimate of 220 million bushels. The increase in yield and stocks for soybeans were a surprise as traders expected little change from October. On the positive side, Thomas Mielke, executive director of Hamburg-based Oil World expects vegetable oil prices to rise next year amid an expected global deficit in production. According to Mielke, the current bearish market sentiment is temporary. Palm oil prices are now close to their lows and will rise in 2024 and 2025 due to insufficient supplies and lower growth in other edible oils. If realized this would be positive news for sunflower seed prices. Tough field and road conditions after recent rain and snow events have slowed harvest in the Northern Plains. Harvest progress advanced 9% to 64% complete for the week ending November 12. In the past week, producers harvested an additional 185,500 acres pushing 2023 harvested acres to about 515,395 acres. Last year at this same time about 92% of acres were harvested. Harvest progress remains 21% behind the five-year average.

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