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This is the Sunflower Market News for 8/23/2017

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Sunflowers are priced per hundred weight (CWT).
 

NuSun Prices

Location Aug Change Sept Change Oct Change
Fargo ND 17.60 unch FH 17.60/LH 17.50 unch 16.60 unch
Enderlin ND 17.55 unch 17.55 unch  16.85 unch
Goodland KS 17.30 +1.50 17.30 ---- 17.30 +.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 Aug Change Sept Change Oct Change
Goodland KS 18.30 +1.25 18.30 ---- 18.30 +.20
Fargo ND NQ ---- call ---- 17.00 unch

 

CBoT

  Trading Range Nearby Close Change
Soybean Oil +.52 to +.66 34.72 +.66
Soybean Meal -1.20 to -2.20 293.30 -2.00
Market Comments
Old and new crop sunflower prices were unchanged to up 20 cents this week and continue to trade above the 45-day moving average at the North Dakota crush plants. Taking into account oil premiums that are offered at the crush plants on oil content above 40% at a rate of 2% price premium for each 1% of oil above 40%; this pushes a $17.60 cash price with 45% oil content gross return over $19.35 per cwt. Farmers have taken advantage of the recent rally in birdfood prices as a lot of crop was traded in the past month. Birdfood prices were as high as $22 per cwt but have since backed off into a range of $18-$19 on the increased sales. Beneficial rain was received in some of the most drought stricken areas of the Dakotas last week. Sunflower is very drought tolerant and the rain may have added on some pounds and in some cases saved the crop from being worked down. The weather forecast continues to feature generally favorable conditions throughout the Midwest with no significant hot and dry conditions during the next ten days. Weather conditions remain key as August is the most important month for oilseed crops. In addition to weather, the market will continue to trade demand news and will be closely watching yield reports from The Farm Journal Midwest Crop Tour which begins today.
 


 
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