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This is the Sunflower Market News for 1/20/2017

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Sunflowers are priced per hundred weight (CWT).

NuSun Prices

Location January Change February Change New Crop 2017 Change
Fargo ND 14.70 unch  15.00 unch Cash 15.50/AOG 14.50 unch
Enderlin ND 15.30 -.15 15.55 -.15 NQ --
Goodland KS 14.45 -.10 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 January Change February Change New Crop 2017 Change
Enderlin ND NQ -- NQ unch NQ --
Pingree ND NQ -- NQ unch NQ --
Goodland KS 16.10 -.10 NQ unch NQ --
Fargo ND NQ unch NQ unch NQ --



  Trading Range Nearby Close Change
Soybean Oil -.08 to -.29 35.15 -.29
Soybean Meal -.10 to +1.10 348.70 +.50
Market Comments
Traders are digesting the recently released 2016 US sunflower production figures. Overall they were within the trades’ expectations. Total production was 2.65 billion pounds, down 9 percent from 2015 but up 8 percent from the October forecast. US average yield per acre increased 106 pounds from last year to a record high 1,731 pounds. US production of oil-type sunflower varieties, at 2.37 billion pounds, decreased less than 1 percent from 2015. Production of non-oil sunflower varieties was estimated at 286 million pounds, a decrease of 47 percent from last year. The market now has a figure to work from when determining needs for 2017 acres. Some crushers and processors are out with 2017 oil-type and confection contracts. The remaining companies should be out with new crop prices soon now that the 2016 crop size is known. On the CBoT traders are monitoring U.S. export demand, South American weather, world farmer sales, and carryout levels. The dollar also remains a key force in the markets. The greenback got a boost from Federal Reserve Chair Janet Yellen, who said interest rate increases are appropriate due to tightening of the jobs market. Interest rates tend to be a key driver of currency values. CBoT traders fear that the strong dollar will begin to slow purchases by overseas buyers who’ve already purchased a lot of corn, soybeans and wheat from the US since the start of their respective marketing years.
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