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You Are Here Growers > Marketing > Week in Review




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September 8, 2014



CROP PROGRESS

Nearly all sunflowers are blooming, and many are already past the blooming stage, and looking good for harvest. 83% of North Dakota's sunflowers are rated in good to excellent condition.


CROP PROGRESS as of September 15, 2014
  This Week Last Week Last Year 5 Yr. Avg
NORTH DAKOTA
Petals Dry
70% 60% 76% 83%
NORTH DAKOTA
Bracts Yellow
19% 4% 32% 50%
SOUTH DAKOTA
Petals Dry
59% 47% 80% 86%
SOUTH DAKOTA
Bracts Yellow
28% 12% 34% 57%
SOUTH DAKOTA
Mature
1% --- --- ---
KANSAS
Blooming
95% 91% 99% 98%
KANSAS
Petals Dry
52% 36% 71% 66%
KANSAS
Bracts Yellow
28% 12% 47% 42%
KANSAS
Mature
2% --- 11% 11%
TEXAS
Harvested
75% 74% 27% 34%
Source: USDA NASS (not all states reporting)


SUNFLOWER CROP CONDITIONS
as of September 15, 2014
  Very Poor Poor Fair Good Excellent
North Dakota 0 3 18 66 13
South Dakota 0 2 33 60 5
Kansas 3 7 32 52 6
Colorado 3 18 28 43 8
Minnesota 0 8 53 32 7
Source: USDA NASS (not all states reporting)

GROWER REPORT

There are years Dickinson, ND grower Art Ridl doesn't get 10 inches of rain in an entire growing season. That was not the case this year. Ridl recorded 10 inches of rain in August alone this year. While that set back wheat harvest, he says his sunflowers look excellent. The first of his 1,700 acres of sunflowers are done blooming while the last fields planted are still in full bloom. He says the flowers are standing well, and he's hoping the frost forecasted for this week holds off for a few more weeks.

BENEFITS OF DESICCATION

Harvest on your mind? Now is the time to start thinking about desiccating your sunflower crop. With today's high values, getting the crop harvested several weeks early can result in higher yields and lower drying costs. Late season crop damage is well recognized when strong winds can lodge plants to rub seed from heads. Blackbird damage can be reduced and desiccation may also slow down head diseases such as Sclerotinia. Sometimes the market will pay a premium for early delivered seed. And it is important to harvest sunflower before corn. Early dry down can also minimize artificial drying costs. September and the first half of October harvest can often allow the use of air-drying to lower seed moisture in storage. Air temperatures are higher and humidity tends to be lower during this time frame, compared to late October and November harvesting. For more about desiccation, visit www.sunflowernsa.com/growers/harvesting-storage/desiccant-considerations/.

ESTIMATING YIELDS IN SUNFLOWER FIELDS

Sunflower yields can be estimated using the tried and true method that is used during the annual sunflower survey. Typically, September is an ideal month to estimate yields. Sunflowers should be at R7 stage of growth. For more on estimating yield, visit www.sunflowernsa.com.

SUNFLOWER OIL EXPORTS INCREASE

With two months still remaining in the marketing year, sunflower oil exports are already nearly what they were during the entire 2012-13 marketing year. Oil exports are currently at 28,445 metric tons (MT) for October 2013 through July 2014. That compares to 29,331 MT from October 2012 through September 2013. Last year at this time, exports stood at 19,607 MT. The biggest importers continue to be Canada, Mexico but exports to Japan have more than doubled since last year, from 1,106 MT last year to 2,447 MT this year. And last year, no sunflower oil was exported to the Netherlands; this year, 2,422 MT have been exported there. Vietnam, China, and Germany are also all showing increases from last year.

EXPORTS OF IN-SHELL SUNFLOWER AND KERNEL INCREASE

Exports of both in-shell sunflower and sunflower kernel to Spain continue to increase. From October 2013 to July 2014, Spain imported 1,956 metric tons (MT) of sunflower kernel, compared to 1,735 MT from October 2012 to July 2013. Overall, kernel exports stand at 8,811 MT, down slightly from last year's 10,741 MT. In-shell exports to Spain are also on the rise: from 17,631 MT last year to 19,088 MT so far this year. Exports of in-shell sunflower to Mexico and Israel are also on the increase.

CHECK OUT SUNFLOWER OIL VIDEO ON YOU TUBE

Did you know sunflower oil is actually even healthier for you than olive oil? That's just one fact you'll learn in our new video about the benefits of sunflower oil. Check it out here: www.youtube.com and then share it with everyone you know!

UPCOMING EVENTS

September 16 - NSA Research Committee Meeting
September 16 - High Plains Committee Meeting, Goodland, KS
January 7-8, 2015 - NSA Research Forum, Fargo, ND
June 23-25, 2015 - 2015 NSA Summer Seminar, Brainerd, MN

MARKETS

2015 new crop contracts are starting to roll out. The ADM plant in Goodland, KS is offering NuSun and High Oleic cash and Act of God (AOG) contracts. The plant will also offer daily cash prices for both crops. NuSun sunflower prices were mixed at down 10 to up 90 cents at the crush plants. High Oleic cash prices gained 85 cents at Goodland.. On the CBoT, traders thoughts that the US 2014 corn and soybean crops could be record high and well above USDA August estimates are weighing on the futures. Some private estimates have the US soybean crop as high as four billion bushels. This and talk of higher 2015 soybean planted acres in South America and the US could send CBoT soybean futures even lower in the weeks ahead. Trade is still looking for prices to trend lower especially if US fall freeze date is normal. Markets will trade mainly on weather forecasts next week as there are forecasts for frost in northern regions of the Midwest in the later part of the week. A killing freeze is not expected. However, prices will continue to be unpredictable in the weeks ahead until the market is more comfortable with production figures.

For sunflower prices at various locations refer to our website Daily Market News.


Weekly Prices Recorded on Monday, September 8, 2014 ($/CWT)
  Deliver Last Year Last Week This Week Change New Crop
  Chicago Oil          
  Nearby 42.81 32.01 32.03 +.02 32.14
  Fargo, ND          
  NuSun 20.45 17.00 16.90 -.10 17.35
  Enderlin, ND          
  NuSun 20.50 17.10 17.20 +.10 17.20
  Goodland, KS          
  NuSun 20.40 15.85 16.75 +.90 17.05


US CRUDE OIL VALUES
recorded on Monday, September 8, 2014
(dollars per 100 lb. internal U.S. location)
  Last Year Last Week This Week Change
Soybean Oil 41.31 32.76 32.78 +.02
Cotton Oil (pbsy) 43.31 65.00 65.00 NC
Corn Oil 41.50 38.50 38.50 NC
Prices recorded here are believed to be reliable at the time of publication. Individual companies have the right to correct any errors that may occur. Contact these facilities for complete market details


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