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Daily Market News
This is the Sunflower Market News for 5/8/2008. To view sunflower seed price averages select this link www.sunflowernsa.com.
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| CBoT |
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TRADING RANGE |
NEARBY CLOSE |
CHANGE |
| Soybean Oil |
+.39 to +.45 |
59.08 |
+.44 |
| Soybean Meal |
+.60 to +1.70 |
329.80 |
+1.30 |
MARKETS:
Confection new crop contracts are available in a range of $34-$37.50 per cwt. New crop NuSun prices continue to increase at the crushing plants. In the past two weeks new crop prices have increased by $1.70 per cwt. So what’s happening? First of all oil-type and confection sunflowers are in an intense competition with other crops for acres this growing season. This price surge is a final push for sunflower acres by the industry to meet growing market demand. There is also very strong demand for key performance oils such as sunflower, corn and cotton. Sunflower is the preferred oil among the three because of its low level of saturated fatty acids. Recently, prices for corn and cotton oils have firmed up narrowing the price spread with sunflower oil and has allowed sunflower oil prices to remain steady. As planting delays continue in the northern states due to wet conditions and with drought affecting other areas, sunflower with its wide planting window offers producers a profitable alternative. |
| Confection Sunflower Seed Prices |
| As of 5/2/2008 |
(Dollars per 100 Lbs.) |
| Processor |
This Week |
Last Week |
Last Year |
New Crop |
| CHS, Inc. |
| Grandin, ND |
32.00 |
32.00 |
18.25 |
37.50 |
| Hazel, MN |
32.00 |
32.00 |
18.25 |
37.50 |
| Dahlgren & Co |
| Crookston, MN |
32.00 |
30.00 |
18.00 |
Ask |
| Fargo, ND |
32.00 |
30.00 |
18.00 |
Ask |
| Grace City, ND |
31.50 |
29.50 |
17.50 |
Ask |
| Proseed |
| Karlstad, MN |
32.00 |
23.00 |
18.00 |
NQ |
| RR Commodities |
| Colby, KS |
Ask |
Ask |
17.50 |
35.00/22.00 |
| Fargo, ND |
31.00-32.00 |
31.00 |
18.00 |
34.00 |
| Lubbock, TX |
Ask |
Ask |
15.00 |
30.00/22.00 |
| SunOpta |
| Breckenridge MN |
Ask |
Ask |
Ask |
31.00 + |
| Goodland KS |
30.00/20.00 |
30.00/20.00 |
Ask |
37.00/22.00 |
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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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