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This is the Sunflower Market News for 6/19/2018

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Sunflowers are priced per hundred weight (CWT).
 

NuSun Prices

Location June Change July Change New Crop 2018 Change
Fargo ND 18.30 unch 18.30 unch 18.50 Cash/18.00 AOG -.10
Enderlin ND 17.90 -.20 17.80 -.20 18.50 Cash/18.00 AOG -.20
Goodland KS 16.90 -.20 NQ unch 17.40 AOG -.20
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.

 

High Oleic Prices

Location June Change July Change New Crop 2018 Change
Fargo ND 18.20 unch 18.20 unch 18.50 Cash/18.00 AOG -.10
Enderlin ND 17.90 -.20 17.80 -.20 18.50 Cash -.20
Hebron ND NQ unch NQ unch 17.40 Cash -.20
Pingree ND NQ unch NQ unch 17.90 Cash -.20
Goodland KS 17.90 -.20 NQ unch 18.55 AOG -.20

 

CBoT

  Trading Range Nearby Close Change
Soybean Oil -.71 to -.77 28.85 -.72
Soybean Meal -1.00 to -2.20 334.50 -1.00
Market Comments

Soybean prices have collapsed under the weight of the ongoing U.S.-China trade situation. Nearby soybean prices in many locations have fallen below $8.00 and in some cases below the cost of production. Today the U.S. announced it was imposing a 25 percent tariff on $50 billion of Chinese products. There is speculation that China will retaliate on a similar amount of US goods especially soybeans, which has led to the downturn in prices. Informa raised its soybean acreage forecast by about 500,000 acres from 89.4 million to just over 89.9 million acres adding further price pressure. Some in the trade think total planted U.S. soybean acres could be a bit north of 90 million this year. These facts compounded by mostly favorable weather conditions in the Midwest have created quite a headwind in the soybean market. Sunflower prices have held up quite well given all the market turmoil. Old crop finished mixed at down 10 to up 5 cents this week. New crop prices were down 15 cents to unchanged. Overall the oilseed complex is under enormous pressure right now and this could eventually spill over into the sunflower market. If you have not priced some 2018 new crop it might be an opportunity to do so as new crop is still every close to the season highs. China’s reaction to U.S. tariffs, crop conditions and weather will be the main market movers in the week ahead.
 

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