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You Are Here Growers > Marketing > Week in Review




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July 14, 2014



CROP PROGRESS

Planting wrapped up in the Dakotas last week, and this week most of the sunflower crop has emerged: 85% of the South Dakota crop is emerged and 93% of the crop is reported emerged in North Dakota. 81% of North Dakota's sunflowers are rated good to excellent.


CROP PROGRESS as of July 21, 2014
  This Week Last Week Last Year 5 Yr. Avg
NORTH DAKOTA
Emerged
97% 93% NA NA
NORTH DAKOTA
Blooming
1% NA 2% 5%
SOUTH DAKOTA
Emerged
89% 85% NA NA
SOUTH DAKOTA
Blooming
6% 4% 4% 7%
KANSAS
Emerged
92% 89% 97% 94%
KANSAS
Blooming
5% 2% 9% 12%
Source: USDA NASS (not all states reporting)


SUNFLOWER CROP CONDITIONS
as of July 21, 2014
  Very Poor Poor Fair Good Excellent
North Dakota 0 1 19 73 7
Kansas 1 3 32 55 9
Colorado 3 21 35 36 5
Minnesota 0 7 55 32 6
Source: USDA NASS (not all states reporting)

GROWER REPORT

For the first time in 40 years, Wyndmere, ND producer Arnold Woodbury didn't get a single sunflower planted. Heavy rains around planting time kept the southeast North Dakota farmer from planting anything on the 300 acres he had intended to be sunflowers. But he says while he didn't get any flowers planted, others in the area were able to get their crop in, and even some producers who don't normally plant sunflowers are growing some this year. Woodbury says the sunflower fields he's seen in southeast North Dakota look pretty good, but ironically, now could use some rain.

DOWNY MILDEW FOUND IN NORTH AND SOUTH DAKOTA

Downy mildew is showing up in North and South Dakota sunflower fields. More than 70 sunflower fields have been surveyed in the last two weeks and about two-thirds have downy mildew. However, incidence levels are generally very low, and only eight of the fields had incidence levels higher than five percent. Still, the high amount of downy mildew is not surprising given the wet May and June. Downy mildew is caused by a soil borne pathogen that can survive for many years in the soil. When rains occur soon after planting, the pathogen produces swimming spores that infect roots and cause a systemic infection. Infected plants will often die, but if they survive, will not yield. However, yield loss doesn't usually occur unless downy mildew occurs in large patches of the field. No management tools are effective once downy mildew infection occurs. For more information, visit www.sunflowernsa.com/growers/diseases/downy-milldew/


SUNFLOWER OIL EXPORTS INCREASE

Sunflower oil exports for October 2013 to May 2014 are up more than 4,000 MT, from 15,136 metric tons (MT) last year to 19,681 MT this year. Canada and Mexico remain the biggest sunflower oil importers. Exports to Mexico are up significantly, from 1,652 MT last year at this time to 3,602 MT for the same period as of May 2014. And in Japan, exports rose from 15 MT last year to 2,366 MT for the same time period this year.

EXPORTS OF IN-SHELL SUNFLOWER INCREASE

Exports of in-shell sunflower are on the increase to Spain, Mexico, and Israel. In-shell exports to Spain are up from 13,323 metric tons (MT) during October 2012 through May 2013 to 15,261 MT from October 2013 to May 2014. Exports to Mexico also increased, from 3,657 MT last year to 5,030 MT this year. Exports to Israel are up from 1,182 MT last year to 2,806 MT this year. Exports of sunflower kernel to Spain continue to increase as well. From October 2013 to May 2014, Spain imported 1,622 MT of sunflower kernel, compared to 1,534 MT during the same time frame last year. Overall, kernel exports stand at 7,159 MT, which compares to 8,546 MT during the same period last year.

CHECK IT OUT

The Growers section of the NSA website addresses many factors influencing a successful crop of sunflower. Use this link to the check out resources that are available to you: www.sunflowernsa.com/growers/

MARKETS

Market news has been bearish the past two weeks. Midwest weather remains conducive to row crops, and trade guesses for yields continue to rise with new crop price forecasts continuing to sink. The weather outlook remains favorable for crops in the next two to three week period. This is resulting in fund selling and reduces the chance of speculative buying by traders on the CBoT. The market is beginning to factor in a higher US 2014 supply that could be harvested early. This tied in with USDA finding additional supply of the 2013 crop on their June 1 stocks estimate has triggered long liquidation. Some analysts are projecting a further sell off in the near to medium term resulting in soybeans dropping into a range of $9.00-$9.50 a bushel on the CBoT. CBoT soybean oil and palm oil values have also been under pressure this month. This has led to general weakness in the world vegetable oil market. The struggling oil market is affecting old and new crop sunflower prices. USDA reports and weather/crop conditions going forward will drive price direction..

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


Weekly Prices Recorded on Monday, July 14, 2014 ($/CWT)
  Deliver Last Year Last Week This Week Change New Crop
  Chicago Oil          
  Nearby 45.84 38.36 36.75 -1.61 37.10
  Fargo, ND          
  NuSun 22.90 20.95 20.45 -.50 20.05
  Enderlin, ND          
  NuSun 22.90 21.00 20.45 -.55 19.85
  Goodland, KS          
  NuSun 23.85 18.65 18.10 -.55 19.45


US CRUDE OIL VALUES
recorded on Monday, July 14, 2014
(dollars per 100 lb. internal U.S. location)
  Last Year Last Week This Week Change
Soybean Oil 44.74 38.61 37.38 -1.23
Cotton Oil (pbsy) 46.34 73.36 71.88 -1.48
Corn Oil 42.50 42.00 42.00 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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