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Daily Market News
This is the Sunflower Market News for 2/8/2010. 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 |
+.93 to +.98 |
37.95 |
+.95 |
| Soybean Meal |
unch to +3.40 |
274.40 |
+3.40 |
MARKETS:
Soy complex prices continue to slide downward based on the anticipated bumper South American crop, a lack of buyer demand and potential U.S.-China tensions over an arms sale to Taiwan. Soaking rains were received in major soybean growing areas of Argentina last week giving the market continued thoughts of a bumper crop this year. There are rumors that Chinese buyers have shifted some earlier US cargo purchases to South America. This has contributed to the downward price pressure as the trade begins to think that future sales will be from South America and not the US. The current tension between the US and China over an arms sale to Taiwan is also giving the market the jitters. The opposite is the case in world and U.S. sunflower. U.S. oil-type sunflower production is down about 12 percent from last year and this will likely eat into stocks. World sunflower production is down over 10 percent and stocks are estimated to decline by over 30 percent. World sunflower oil prices have begun to rally compared to competing oils. There should be less downward pressure and more upside potential for sunflower prices in the next six months compared to most other crops. This is due to the world scenario just described and lowering of U.S. sunflower seed stocks going forward. |
| Confection Sunflower Seed Prices |
| As of 2/5/2010 |
(Dollars per 100 Lbs.) |
| Processor |
This Week |
Last Week |
Last Year |
New Crop |
| CHS, Inc. |
| Grandin, ND |
22.00 |
22.00 |
22.00 |
NQ |
| Hazel, MN |
22.00 |
22.00 |
22.00 |
NQ |
| Dahlgren & Co |
| Crookston, MN |
22.00 |
22.00 |
Ask |
NQ |
| Fargo, ND |
22.00 |
22.00 |
Ask |
NQ |
| Grace City, ND |
21.50 |
21.50 |
Ask |
NQ |
| Erker Grain Co. |
| Fort Morgan, CO |
NA |
NA |
NA |
NA |
| Proseed |
| Karlstad, MN |
22.00 |
22.00 |
22.00 |
NQ |
| RR Commodities |
| Colby, KS |
Ask |
Ask |
Ask |
NQ |
| Fargo, ND |
22.00 |
22.00 |
Ask |
NQ |
| Lubbock, TX |
Ask |
Ask |
Ask |
NQ |
| 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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