Sunflower Highlights

Post Date: Nov 18 2024

Crop Progress - Monday, November 18, 2024

State	This Week	Last Week	Last Year	5 Year Average
North Dakota
Harvested	86	76	68	75
South Dakota
Harvested	89	83	78	78
Minnesota
Harvested	96	91	93	92
Colorado
Harvested	96	92	95	91
Kansas
Harvested	92	90	89	91
Texas
Harvested	100	100	100	88

Seed Quality - Monday, November 18, 2024

High Plains	2024	2023	Northern Plains	2024	2023
Oil Content	39.8%	38.6%	Oil Content	44.1%	45.4%
Foreign Material	5.5%	6.5%	Foreign Material	4.6%	4.0%
Moisture	7.1%	7.4%	Moisture	8.5%	9.1%
Test Weight	29.4 lbs.	28.6 lbs.	Test Weight	30.7 lbs.	30.7 lbs.

USDA to collect 2024 crop production and stocks data

As the 2024 growing season comes to an end, the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) will contact producers nationwide to gather final year-end crop production numbers and the amount of grain and oilseeds stored on their farms. At the same time, NASS will survey grain facility operators to determine year-end off-farm grain and oilseed stocks. Responses to the survey will be used in calculating county-level yields, which have a direct impact on farmers. USDA’s Farm Service Agency may use the data in administering producer programs and in determining disaster assistance program calculations. All responses are completely confidential. Survey results will be published in several reports, including the Crop Production Annual Summary and the quarterly Grain Stocks report, both to be released on January 10. These and all NASS reports are available online at www.nass.usda.gov.

Markets

Nearby high oleic prices at the crush plants were unchanged to up 20 cents in a range of $19.55-$20.00. Compared to last year, at this same time nearby prices are trading $2.80-$3.75 per cwt. higher depending on location. Overall, high oleic prices continue to trade 30 cents to $1.00 per cwt. higher than the 60-day moving average at the crush plants. 2025 new crop prices were unchanged to up 10 cents. USDA released the November World Agricultural Supply and Demand Estimates (WASDE) report. USDA pegged soybean yield and total production lower than the average trade expectation. U.S. soybean supply and use changes for 2024/2025 include lower production, exports, crush, and ending stocks. Soybean production is forecast at 4.5 billion bushels, down 121 million on reduced yields. Exports are lowered 25 million bushels to 1.8 billion on lower supplies and sales to date. Crush is lowered 15 million bushels to 2.4 billion, reflecting lower soybean meal domestic disappearance and exports. Soybean ending stocks are lowered 80 million bushels to 470 million bushels. Favorable weather conditions in the past week allowed sunflower producers to make good harvest progress. Harvest progress advanced 8% to 89% complete for the week ending November 17. In the past week, producers harvested an additional 48,500 acres pushing 2024 harvested acres to about 574,000 acres. Harvest progress is 11% ahead the five-year average and 14% ahead last year at this same time.

Final export figures for 2023/24 marketing year released

The U.S. Census Bureau has released final export figures for the 2023/24 marketing year. Sunflower oil exports were down 21% from a year ago, from 33,002 metric tons (MT) to 26,392 MT from October 2023 to September 2024. Canada remains the top importer, importing 17,169 MT down 20% from a year ago. Mexico is the number two destination importing 3,448 MT during the period. Exports of sunflower kernel were up 10% from a year ago, from 3,163 MT to 3,500 MT from October 2023 to September 2024. Canada remains the top importer of U.S. sunflower kernel, importing 2,141 MT. In-shell exports decreased 10% from 14,220 MT to 12,750 MT from October 2023 to September 2024. Mexico was the top importer of in-shell sunflower, importing 4,843 MT with Spain a close second importing 3,225 MT during the period.

Grower report

Ross, ND grower, Keith Meiers says he finished harvesting his sunflower last week. He has not checked the quality or test weight yet, but he thinks his yields are around 1700 lbs. With a moisture level of 10-11. The weather has been dry with temperatures in the 40’s-50’s.

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Markets at a Glance

Weekly Prices Recorded on Monday, November 18, 2024 ($/CWT)

	Deliver	Last Year	Last Week	This Week	Change	2025 NEW Crop
Chicago Oil	Nearby	53.11	46.23	45.59	-.64	45.39
West Fargo, ND	NuSun	NQ	NQ	NQ	NC	NQ
West Fargo, ND	High Oleic	16.50	19.35	19.55	+.20	21.60
Enderlin, ND	NuSun	NQ	19.00	19.00	NC	NQ
Enderlin, ND	High Oleic	15.80	19.35	19.55	+.20	21.50
Lamar, CO	High Oleic	17.20	20.00	20.00	NC	21.50

U.S. CRUDE OIL VALUES recorded on Monday, November 18, 2024
(dollars per 100 lb. internal U.S. locations)

	Last Year	Last Week	This Week	Change
Soybean Oil	56.61	45.23	44.59	-.64
Cotton Oil (pbsy)	88.11	71.23	70.59	-.64
Corn Oil	64.00	48.00	48.00	NC

Prices recorded here are believed to be reliable at the time of posting. Individual companies have the right to correct any errors that may occur. Contact these facilities for complete market details.

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