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This is the Sunflower Market News for 12/8/2016

Click here to view sunflower price averages.

Sunflowers are priced per hundred weight (CWT).
 

NuSun Prices

Location December Change January Change New Crop 2017 Change
Fargo ND 14.40 -.20  14.40 -.20 NQ --
Enderlin ND 14.75 -.15 14.95 -.15 NQ --
Goodland KS 14.70 -.15 NQ unch NQ --
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 December Change January Change New Crop 2017 Change
Enderlin ND NQ -- NQ unch NQ --
Pingree ND NQ -- NQ unch NQ --
Goodland KS 16.20 -.15 NQ unch NQ --
Fargo ND NQ unch NQ unch NQ --

 

CBoT

  Trading Range Nearby Close Change
Soybean Oil -.54 to -.67 37.05 -.67
Soybean Meal -6.10 to -6.80 312.40 -6.80
Market Comments
The market spent the past few trading days digesting 2017 acreage estimates for various crops and South American production prospects. The USDA is predicting the US will produce the second largest soybean crop ever in 2017. USDA estimated US 2017 soybean acres near 85.5 million and production of over 4 billion bushels. Some private estimates for 2017 soybean acres are near 87 million acres. 2016 soybean acres were near 83.7 million. USDA estimated US 2017 corn acres near 90 million while some private estimates for 2017 are near 91.5. 2016 corn acres were near 94.5 million. Good South America weather and talk US soybean export demand could begin to slow as buyers switch to South America may be offering resistance to CBoT prices. One weather group suggested that La Nina may not be strong in 2017. This could reduce the chance for abnormal weather in South America this growing season. Some estimates suggest that the Brazilian 2017 soybean crop could be a record 103 million metric tons. There is also talk that the harvest could start earlier than normal. These factors could lead to some price weakness as some traders still feel that prices are too high given higher US 2016 supply and a favorable start for the 2017 South America crops.  Export demand and South American weather will be key trading factors in the near term.
 
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