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Daily Market News
This is the Sunflower Market News for 7/2/2009. To view sunflower seed price averages select this link www.sunflowernsa.com. Sunflowers are priced per hundred weight (CWT).
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| CBoT |
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TRADING RANGE |
NEARBY CLOSE |
CHANGE |
| Soybean Oil |
-.64 to -.71 |
35.18 |
-.64 |
| Soybean Meal |
-.04 to -7.00 |
411.20 |
-7.00 |
MARKETS:
The U.S. Department of Agriculture said Tuesday a record 77.5 million acres of soybeans were planted through June, up 1.8 million acres from last year. Farmers also planted 87 million acres of corn, up 1 million acres from last year and the second-largest corn acreage in more than 60 years. The unexpected boost in planting could mean crop supplies won't be as tight this year as many analysts feared a few months ago. If weather conditions remain favorable, prices will trend lower in the months ahead for corn and beans. Oil-type and confection sunflower acres are down from last year but are about the same as 2007. The new crop prices offered this year were not as aggressive as last year and it has been really wet in the Northern Plains this year. A lot of acres will not be planted and overall a lot of plans made by farmers were altered knowing that some acres would not be planted. The smaller acreage number should be supportive for sunflower prices going forward. Demand for sunflower products is strong giving the market good fundamentals to work with for the remainder of this marketing year. |
| Confection Sunflower Seed Prices |
| As of 6/26/2009 |
(Dollars per 100 Lbs.) |
| Processor |
This Week |
Last Week |
Last Year |
New Crop |
| CHS, Inc. |
| Grandin, ND |
22.00 |
22.00 |
32.00 |
NQ |
| Hazel, MN |
22.00 |
22.00 |
32.00 |
NQ |
| Dahlgren & Co |
| Crookston, MN |
Ask |
Ask |
32.00 |
NQ |
| Fargo, ND |
Ask |
Ask |
32.00 |
NQ |
| Grace City, ND |
Ask |
Ask |
31.50 |
NQ |
| Proseed |
| Karlstad, MN |
22.00 |
22.00 |
33.00 |
NQ |
| RR Commodities |
| Colby, KS |
Ask |
Ask |
Ask |
26.00/16.00 |
| Fargo, ND |
Ask |
Ask |
Ask |
22.00 |
| Lubbock, TX |
Ask |
Ask |
Ask |
23.00/16.00 |
| SunOpta |
| Breckenridge MN |
Ask |
Ask |
Ask |
NQ |
| Goodland KS |
26.00/15.00 |
26.00/15.00 |
30.00/20.00 |
NQ |
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Legend
NQ - No Quote
NA - Not Available
Split price (X/Y) is for: X for seeds remaining over a 20/64 and Y for seeds falling through a 20/64 round hole screen
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