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You Are Here Growers > Marketing > Daily Market News




Daily Market News

This is the Sunflower Market News for 8/21/2014.

Click here to view sunflower price averages.

Sunflowers are priced per hundred weight (CWT).




NuSun Prices
Location Aug. Change Sept. Change New Crop 2014 Change
Fargo ND 17.30 unch 17.40 unch 17.50 unch
Enderlin ND 17.35 unch NQ FH/17.35 LH unch 17.35 unch
Goodland KS 16.10 unch 16.10 unch 16.95 unch
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.


CBoT
  Trading Range Nearby Close Change
Soybean Oil -.08 to -.15 32.78 -.08
Soybean Meal +1.40 to +11.20 413.80 +11.20

Market Comments

The collapse in world vegetable oil prices led by lower palm oil futures offered resistance to CBoT soyoil values all week. Malaysian palm oil futures slid to near a five-year low this week following losses in overseas soy markets. Forecasts of plentiful supplies of competing oilseeds coupled with an expected surge in Southeast Asian palm oil output dragged the market further into negative territory. The lack of El Nino has put traders into a mindset that there could be a global glut of vegetable oil next marketing year and the bearishness of the market is reflecting this. With world vegetable oil and US soyoil prices on the defensive all week, this spilled over into high oil bearing seeds such as sunflower. Old crop sunflower prices lost 70 to 75 cents per cwt this week. New crop also had a down week losing 95 cents to $1.10 per cwt after trading finished on Friday. Given the price decline in other commodities, especially soyoil values, it was probably inevitable that sunflower prices would follow. Without a weather threat or significant demand news buyers will sit on the sidelines watching crop production prospects before making longer term purchases with the hope prices grind lower in the weeks before new crop arrives.


Confection Sunflower Seed Prices
as of 8/15/2014
Processor This Week Last Week Last Year New Crop
Advanced Sunflower        
Huron, SD 32.00 32.00 na 32.00
Onida, SD 31.00 31.00 na 31.00
Redfield, SD 32.00 32.00 na 32.00
CHS Inc.        
Grandin, ND Ask Ask Ask Ask
Hazel, MN Ask Ask Ask Ask
Erker Trading Company        
Fort Morgan, CO Ask Ask Ask 35.00/23.00
*Call for details
Alice, TX Ask Ask Ask Ask
Proseed        
Karlstad, MN Ask Ask Ask Ask
RR Commodities        
Colby, KS Ask 35.00/25.00*
*Call for details
35.00/25.00
*Call for details
Ask
Fargo, ND Ask 32.00*
*Call for detail
32.00
*Call for detail
Ask
Lubbock, TX Ask 35.00/25.00*
*Call for details
35.00/25.00
*Call for details
Ask
SunOpta        
Breckenridge MN 33.00 Ask Ask Ask
Crookston, MN 33.00 Ask Ask Ask
Fargo, ND Ask Ask Ask Ask
Goodland KS Ask Ask Ask NQ
Grace City, ND 33.00 Ask Ask Ask
(Dollars per 100 Lbs.)

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

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.


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