Sunflower Highlights

Post Date: Oct 24 2022

Crop Progress - Monday, October 24, 2022

State	This Week	Last Week	Last Year	5 Year Average
North Dakota
Mature	98	92	97	97
Harvested	39	26	35	34
South Dakota
Harvested	32	18	41	26
Minnesota
Harvested	35	25	66	52
Texas
Harvested	90	89	83	77
Kansas
Harvested	43	32	51	38
Colorado
Harvested	27	21	40	43

Crop Conditions - Monday, October 24, 2022

State	Timeframe	Very Poor	Poor	Fair	Good	Excellent
North Dakota	This week	3	8	38	47	4
	Last week	1	5	37	49	8
Minnesota	This week	0	0	14	77	9
	Last week	0	0	16	72	12
Colorado	This week	11	18	44	26	1
	Last week	16	17	46	21	0

SunOpta sells sunflower business

Private equity firm Pacific Avenue Capital Partners has purchased SunOpta Inc.’s sunflower and roasted snacks business for $16 million. The acquisition includes three of SunOpta’s facilities based in Crookston and Breckenridge, Minn., and Grace City, ND, which will now operate as Sunrich Products LLC. The transaction also includes, hybrid seed development activities, a collaborative program with independent sunflower growers, and relationships with an extensive set of customers in the food ingredients, snack food, and birdseed markets. Kent Johnson, general manager of Sunrich, will become Chief Executive Officer. Kent will be joined by the rest of Sunrich’s leadership team and employee base.

Markets

Nearby prices at the crush plants are down 80 cents to unchanged this week. The ADM Enderlin crush plant has rolled out its 2023 new crop cash and Act of God (AOG) contracts. NuSun cash is $25.75 and $25.25 AOG. High oleics are $26.75 cash and $26.25 AOG. Something else to consider is the oil premiums that crush plants pay on sunflower. Sunflower is the only oilseed that pays premiums for oil content above 40%. Considering oil premiums that are offered at the crush plants on oil content above 40% at a rate of 2% price premium for each 1% of oil above 40%; this pushes a contract with 45% oil content gross return 10% higher per cwt. The AOG $25.25 contract increases to $27.80, and the cash $26.75 contract moves up to $29.45. Another week of largely clear weather allowed sunflower harvest progress to advance. About 37% of sunflowers were in the bin as of last week, up from 25% seven days earlier and well ahead of the prior five-year average of 31% for this time of year, the USDA said. In the past week, producers harvested an additional 195,100 acres pushing 2022 harvested acres to about 575,895 acres. A pattern change arrived in the Northern Plains this weekend, which brought a strong system through the region Sunday and Monday with widespread moderate to heavy precipitation, strong winds, falling temperatures, and chances for accumulating snow. All of these factors will delay the remaining harvest.

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.

Grower Report

Bismarck, North Dakota grower Clark Coleman says he is about halfway through harvesting his sunflowers. He took a week off to take care of other things around the farm before winter sets in but is hoping to be done within the next week. He is experiencing yields of 3,100 lbs. per acre. The moisture level in his sunflowers he says are super dry. The overall quality of his sunflowers look really good.

Beyond® Xtra herbicide available in 2023 growing season

BASF has introduced a new weed control option called Beyond Xtra. Beyond and Raptor have always contained the same chemistry. Beyond^® Xtra herbicide combines Beyond^® and Raptor^® herbicides into one do-it-all label. It will be available for all crops labeled for Beyond and Raptor, including sunflowers for the 2023 growing season.

Upcoming Events

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, October 24, 2022 ($/CWT)

	Deliver	Last Year	Last Week	This Week	Change	2023 NEW Crop
Chicago Oil	Nearby	63.14	66.84	71.87	+5.03	59.15
West Fargo, ND	NuSun	31.90	27.60	27.10	-.50	25.90
West Fargo, ND	High Oleic	32.10	28.00	27.10	-.80	27.15
Enderlin, ND	NuSun	32.05	26.95	26.15	-.80	25.75
Enderlin, ND	High Oleic	32.25	27.95	27.15	-.80	26.75
Lamar, CO	High Oleic	30.50	28.00	28.00	NC	26.50

U.S. CRUDE OIL VALUES recorded on Monday, October 24, 2022
(dollars per 100 lb. internal U.S. locations)

	Last Year	Last Week	This Week	Change
Soybean Oil	81.14	73.34	78.37	+5.03
Cotton Oil (pbsy)	103.14	116.84	121.87	+5.03
Corn Oil	88.00	124.00	124.00	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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