Sunflower Highlights

Post Date: Nov 21 2022

Crop Progress - Monday, November 21, 2022

State	This Week	Last Week	Last Year	5 Year Average
North Dakota
Harvested	94	91	89	77
South Dakota
Harvested	96	93	89	77
Minnesota
Harvested	100	93	100	93
Colorado
Harvested	90	73	92	90
Kansas
Harvested	93	82	93	87
Texas
Harvested	100	100	100	88

Seed Quality - Monday, November 21, 2022

High Plains	2022	2021	Northern Plains	2022	2021
Oil Content	40.2%	39.9%	Oil Content	44.4%	45.3%
Foreign Material	6.1%	6.9%	Foreign Material	3.9%	3.9%
Moisture	7.2%	6.5%	Moisture	9.0%	8.7%
Test Weight	29.0 lbs.	29.2 lbs.	Test Weight	30.1 lbs.	32.6 lbs.

USDA to collect 2022 crop production and stocks data

As the 2022 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 12. These and all NASS reports are available online at www.nass.usda.gov.

Markets

Nearby NuSun and high oleic prices at the crush plants are unchanged this week. Overall, NuSun and high oleic prices continue to trade 70 to 80 cents per cwt. lower than the 60-day moving average at the ND crush plants. 2023 new crop was unchanged to up 30 cents. Last week the so-called Black Sea Grain Initiative allowing exports of Ukrainian grain from the Black Sea was extended for 120 days. This pressured wheat, corn and soybean prices allowing traders breathing room to take away some of the price premium built into nearby contracts. Sunflower harvest is getting closer to the finish line for this season. Recent snow events have slowed harvest in the past week. Despite the weather, sunflower producers did make good harvest progress. Harvest progress advanced 3% to 95% complete for the week ending November 20. In the past week, producers harvested an additional 55,795 acres pushing 2022 harvested acres to about 1,471,190 acres. Last year at this same time about 89% of acres were harvested. Harvest progress remains 17% ahead of the five-year average. Crop quality remains very good, and yields have been above expectations in most cases. With the Black Sea grain corridor agreement extension in place, upcoming crop progress and weather conditions in South America will be a more important market feature. Traders are expecting a record breaking Brazilian soybean crop which is nearly finished being planted.

Registration is now open for the 2023 NSA Research Forum, scheduled for January 11-12, 2023 at the Holiday Inn (3803 13^th Ave. S, Fargo, ND) Visit 2023 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.

Grower Report

Hutchinson, Kansas grower Cameron Peirce has finished harvesting his 1000 acres of sunflower. He says they were not good. The terrible drought conditions along with the hailstorm that they received on September 20^th was devastating to his sunflower. He experienced yields of 900-1200 lbs. for his full season sunflower and 500-1000 lbs. for his double crop sunflower. His test weights were 29-30 lbs. with a moisture level under 10%.

Would you like to get a link to a digital copy of Sunflower Highlights each week in your email? It’s easy! Visit www.sunflowernsa.com/smartmail/ to sign up. You can sign up for a digital copy of our magazine, The Sunflower, there too. And for sunflower prices at various locations, visit www.sunflowernsa.com/growers/Marketing/daily-market-news/#

Upcoming Events

November 29-30, 2022 - Ag Horizons Conference; Ramkota; Pierre, SD
January 11-12, 2023 - NSA Research Forum; Holiday Inn; Fargo, ND
June 27-29, 2023 - NSA Summer Seminar; Spearfish, SD

Markets at a Glance

Weekly Prices Recorded on Monday, November 21, 2022 ($/CWT)

	Deliver	Last Year	Last Week	This Week	Change	2023 NEW Crop
Chicago Oil	Nearby	59.02	76.28	73.00	-3.28	63.35
West Fargo, ND	NuSun	32.25	25.75	25.75	NC	26.50
West Fargo, ND	High Oleic	32.60	27.00	27.00	NC	27.75
Enderlin, ND	NuSun	32.25	25.85	25.85	NC	26.55
Enderlin, ND	High Oleic	32.45	26.85	26.85	NC	27.55
Lamar, CO	High Oleic	31.50	28.00	28.00	NC	26.50

U.S. CRUDE OIL VALUES recorded on Monday, November 21, 2022
(dollars per 100 lb. internal U.S. locations)

	Last Year	Last Week	This Week	Change
Soybean Oil	75.41	82.78	79.50	-3.28
Cotton Oil (pbsy)	99.41	126.28	123.00	-3.28
Corn Oil	88.00	122.00	119.00	-3.00

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.

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