Sunflower Highlights

Post Date: Nov 07 2022

Crop Progress - Monday, November 7, 2022

State	This Week	Last Week	Last Year	5 Year Average
North Dakota
Harvested	82	62	65	58
South Dakota
Harvested	84	60	69	64
Minnesota
Harvested	87	55	96	80
Colorado
Harvested	53	40	60	70
Kansas
Harvested	78	65	80	68
Texas
Harvested	98	94	92	84

Seed Quality - Monday, November 7, 2022

High Plains	2022	2021	Northern Plains	2022	2021
Oil Content	40.3%	40.0%	Oil Content	44.4%	45.1%
Foreign Material	5.9%	6.6%	Foreign Material	4.4%	3.8%
Moisture	7.1%	6.7%	Moisture	8.6%	9.3%
Test Weight	29.2 lbs.	29.5 lbs.	Test Weight	30.4 lbs.	32.4 lbs.

Final export figures for 2021/22 marketing year released

The U.S. Census Bureau has released final export figures for the 2021/22 marketing year. Sunflower oil exports are up 24% from a year ago, from 45,180 metric tons (MT) to 56,242 MT from October 2021 to September 2022. Canada remains the top importer, importing 40,498 MT up 53% from a year ago. Mexico is the number two destination importing 7,268 MT during the period. Exports of sunflower kernel were down 25% from a year ago, from 5,510 MT to 4,078 MT from October 2021 to September 2022. Canada remains the top importer of U.S. sunflower kernel, importing 2,022 MT. In-shell exports decreased 23% from 23,834 MT to 18,126 MT from October 2021 to September 2022. Mexico was the top importer of in-shell sunflower, importing 6,743 MT with Spain a close second importing 5,765 MT during the period.

Markets

Nearby NuSun and high oleic prices at the crush plants were down 50 cents to unchanged this week. 2023 new crop was unchanged. Very favorable weather conditions in the past week allowed sunflower producers to make good harvest progress. Harvest progress advanced 22% to 83% complete for the week ending November 6. In the past week, producers harvested an additional 329,395 acres pushing 2022 harvested acres to about 1,275,865 acres. Harvest progress is 22% ahead of the five-year average. Last year at this same time about 68% of sunflower acres were harvested. Per Oil World, global sunflower production for 2022/23 is forecast to decline by 4.0 million metric tons (MMT) to 54.0 MMT. Decreased production in the European Union and Ukraine are mostly responsible for the decrease. The U.S., Russia, Argentina, and Turkey are expected to have increased production. If realized, the decline in production will result in a seed stocks to use ratio of 10.5%, a decrease of 22% from last year. Oil World projects global sunflower oil exports to grow slightly by 0.8 MMT from last market year, reaching 12.3 MMT with Ukrainian sun oil exports declining to a multiyear low of 4.3 MMT. In the near term, U.S. harvest progress, yield and crop quality will continue to be key to prices going forward. Commodity traders will also be closely monitoring developments with the Black Sea Grain Initiative.

Call for Papers

Here’s your chance to be a part of the National Sunflower Association’s Research Forum. We are looking for research papers to be presented at the NSA Research Forum, set for January 11-12, 2023, in Fargo, ND. Presentations may be either oral or in the form of a poster. A time will be designated for authors to be with their posters and answer questions. Each oral presentation will be limited to 10-12 minutes with 2-3 minutes allowed for questions. Visit https://www.sunflowernsa.com/Research/Call-for-Papers-2023-Forum/ if you are interested in presenting a paper. You do not have to submit the actual paper or poster at this time, just the information indicated online and the author information. Submissions must be completed by November 23, 2022.

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

Kennedy, Minnesota grower Tom Dowdle started harvesting his 900 acres of sunflower last week. He says everything looks very clean with low dockage. He is experiencing yields around 2,500+ pounds. His test weights are coming in around 30 lbs. with a moisture level of 12%. In a few areas he believes the moisture will be closer to 13.5-14%.

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 7, 2022 ($/CWT)

	Deliver	Last Year	Last Week	This Week	Change	2023 NEW Crop
Chicago Oil	Nearby	58.05	73.21	76.33	+3.12	64.95
West Fargo, ND	NuSun	31.95	26.50	26.00	-.50	26.25
West Fargo, ND	High Oleic	32.35	27.00	27.00	NC	27.50
Enderlin, ND	NuSun	32.05	26.00	25.85	-.15	26.25
Enderlin, ND	High Oleic	32.25	27.00	26.85	-.15	27.25
Lamar, CO	High Oleic	31.00	28.00	28.00	NC	26.50

U.S. CRUDE OIL VALUES recorded on Monday, November 7, 2022
(dollars per 100 lb. internal U.S. locations)

	Last Year	Last Week	This Week	Change
Soybean Oil	74.05	79.71	82.83	+3.12
Cotton Oil (pbsy)	98.05	123.21	126.33	+3.12
Corn Oil	88.00	122.00	122.00	NC

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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