Sunflower Highlights Crop Progress
Harvest is complete in Texas and Colorado, and nearly finished in the Dakotas and Kansas.
| Crop Progress - Monday, November 30, 2020 |
| State |
This Week |
Last Week |
Last Year |
5 Year Average |
| North Dakota |
|
|
|
|
| Harvested |
98 |
95 |
48 |
85 |
| South Dakota |
|
|
|
|
| Harvested |
96 |
89 |
68 |
88 |
| Colorado |
|
|
|
|
| Harvested |
100 |
100 |
98 |
96 |
| Kansas |
|
|
|
|
| Harvested |
98 |
95 |
96 |
93 |
| Texas |
|
|
|
|
| Harvested |
100 |
95 |
94 |
91 |
| High Plains |
2020 |
2019 |
| Oil Content |
39.4% |
39.7% |
| Foreign Material |
6.6% |
6.8% |
| Moisture |
7.3% |
6.8% |
| Test Weight |
28.7 lbs |
28.4 lbs |
| Northern Plains |
2020 |
2019 |
| Oil Content |
43.5% |
42.6% |
| Foreign Material |
4.4% |
6.1% |
| Moisture |
8.9% |
11.7% |
| Test Weight |
29.5 lbs |
31.5 lbs |
NSA Board of Directors to meet this week
The National Sunflower Association’s Board of Directors will meet virtually on December 3-4. Agenda items include discussions on blackbird damage management, crop insurance, grower and industry reports, the association’s budget, as well as product and grower promotion. Officers will also be elected.
Register now for the 2021 NSA Research Forum
Registration is now open for the 2021 NSA Research Forum. The forum will be held via Zoom on January 13-14, 2021. Registration will be $25. To register, click here. Closer to the event, you’ll receive a link to attend the forum virtually.
Markets
The CBoT rally cooled off last week as traders grew concerned Chinese demand is waning as soybean prices climbed to a four year high. Rising soybean prices on the CBoT are leading smaller Chinese soybean importers and processors to cancel export sales previously booked for December and January. The recent runup in futures prices has sent crush margins into negative territory, prompting processors in China to seek options to back out of export deals. Nearby NuSun and high oleic prices at the crush plants held on to recent gains and added another 10 to 20 cents. Overall, NuSun and high oleic prices continue to trade 90 cents to $1.05 per cwt. higher than the 60 day moving average at the crush plants. 2021 new crop was unchanged to up 20 cents last week. Sunflower harvest is inching closer to the finish line for this season. Very favorable weather conditions in the past week allowed sunflower producers to make good harvest progress. Harvest progress advanced 4% to 97% complete for the week ending November 29. Harvest progress remains 10% ahead of the five-year average. In the past week, producers harvested an additional 66,000 acres pushing 2020 harvested acres to about 1,493,000 acres. Crop quality remains very good and yields have been above average in most cases. Harvest progress remains about one week to ten days ahead of the five year average. Last year at this same time only 62% of the crop was in the bin.
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