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You Are Here Growers > Marketing > Week in Review




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June 29, 2015



CROP PROGRESS

Sunflower producers finished planting sunflower in Minnesota last week, and this week 57 percent of the sunflower in Minnesota is rated good to excellent, up 9 percentage points from last week. In North Dakota, 93 perent of the sunflower crop is reported emerged and 84 percent of the crop is rated in good to excellent condition. Planting continues in other areas, including South Dakota, Texas, and Kansas.


CROP PROGRESS as of June 29, 2015
  This Week Last Week Last Year 5 Yr. Avg
NORTH DAKOTA
Planted
99 97 96 93
NORTH DAKOTA
Emerged
93 81 --- ---
SOUTH DAKOTA
Planted
80 67 83 89
SOUTH DAKOTA
Emerged
49 22 54 ---
TEXAS
Planted
91 90 98 91
COLORADO
Planted
87 59 86 87
KANSAS
Planted
81 62 82 83
KANSAS
Emerged
62 31 65 67
Source: USDA NASS (not all states reporting)


SUNFLOWER CROP CONDITIONS
as of June 29, 2015
  Very Poor Poor Fair Good Excellent
North Dakota 0 2 14 76 8
South Dakota 0 1 25 71 3
Minnesota 0 3 40 53 4
Colorado 0 0 20 39 41
Kansas 0 1 29 62 8
Source: USDA NASS (not all states reporting)

ENROLLMENT OPEN FOR ARC/PLC PROGRAMS

The enrollment period for producers to sign the contract and formally enroll in the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs for the 2014 and 2015 program years is now open. The new programs were established by the 2014 Farm Bill and trigger financial protections for agricultural producers when market forces cause substantial drops in crop prices or revenue. More than 1.76 million farmers have elected ARC or PLC and must complete the process by going to their local county office and signing the contract by the September 30, 2015 deadline. Visit www.fsa.usda.gov/programs-and-services/arcplc_program/index to learn more.

GROWER REPORT

After six inches of rain in the month of May alone, South Dakota producer Ron Seidel is happy he got 80% of his sunflower crop planted. Seidel farms near Meadow, SD in the northwestern corner of the state. He planted 4,000 acres of high oleic sunflower and says all are emerged now. He said what they could really use now is a long stretch of hot weather.

SUNFLOWER OIL EXPORTS INCREASE

Sunflower oil exports for October 2014 to April 2015 are slightly up from the same time period a year ago. So far, 18,322 metric tons (MT) of sunflower oil have been exported, compared to 17,160 MT at this time last year. Canada and Japan are the top importers. 11,872 MT has been exported to Canada so far this marketing year, and 3,229 MT to Japan.

EXPORTS OF SUNFLOWER KERNEL INCREASE

Good news for confection growers: exports of sunflower kernel are on the rise to Canada, Mexico, and Korea. From October 2014 to April 2015, Canada imported 2,281 metric tons (MT) of sunflower kernel, compared to 1,860 MT during the same time frame a year ago. From October 2014 to April 2015, Mexico imported 1,465 MT) compared to 527 MT at the same time last year. Exports to Korea are also up, from 540 MT from October 2013 to April 2014 to 1,253 MT from October 2014 to April 2015. Overall, sunflower kernel exports are up from 6,046 MT a year ago to 7,102 MT so far this marketing year. Spain remains the top importer of in-shell sunflower, importing 11,813 MT from October 2014 to April 2015. In-shell exports are down slightly from a year ago, at 33,208 MT compared to 35,292 MT from October 2013 to April 2014.

ELLIS COUNTY CROP TOUR SET FOR TOMORROW

The 2015 Ellis County Crop Tour will take place tomorrow, June 30. Registration begins at 7:30 a.m. at the Avalon Gin, 123 Main Street, Avalon, TX. The registration fee is $15 and includes up to five CEUs. To learn more, contact Mark Arnold, County Extension Agent-Agriculture/Natural Resources at 972-825-5175 or wmarnold@ag.tamu.edu

SIGN UP FOR E-PUBLICATIONS

Sign up now to get a link to a digital copy of our magazine, The Sunflower. The Sunflower is published six times a year and each issue includes popular features like grower profiles, sunflower research, market commentary, sunflower briefs, and more. It's easy to sign up. Visit our website at www.sunflowernsa.com/mms/sign_up.asp, click "sign up" and follow the directions. If you're already subscribed to our newsletter, just log into you account and sign up for the digital edition of the magazine - you'll receive your first copy in mid-August.

UPCOMING EVENTS

June 30, 2015 - 2015 Ellis County Crop Tour, Avalon, TX
January 12-13, 2016 - NSA Research Forum, Fargo, ND
June 28-30, 2016 - 2016 NSA Summer Seminar, Bismarck, ND



MARKETS

Sunflower prices had a good week with CBoT soyoil contracts giving support to old and new crop prices. Old and new crop seed prices had gains in a range of 10 cents to $1.10 per cwt. Given the small 2014 US sunflower crop, sunflower seed stocks will be extremely tight by the end of this market year and should keep old crop prices firm. There is a strong likelihood that price premiums will be in place to encourage growers to desiccate and harvest early. New crop price direction will be driven by demand news and eventual 2015 crop production. Some traders think the recent CBoT rally due to wet US spring weather may be overdone so there could be some price adjustment after the USDA reports are released on Tuesday. The market is anxious to see USDA estimates of US June 1 stocks and the July estimate of US and World supply and demand. As far as Tuesday's report, most look for USDA to peg US 2015 soybean acres near their March estimate of 84.6 or a little higher.
For sunflower prices at various locations refer to our website Daily Market News.


Weekly Prices Recorded on Monday, June 29, 2015 ($/CWT)
  Deliver Last Year Last Week This Week Change 2015 New Crop
  Chicago Oil          
  Nearby 38.85 32.92 33.05 +.13 33.41
  Fargo, ND          
  NuSun 21.20 23.30 23.45 +.15 18.95
  Enderlin, ND          
  NuSun 21.15 23.30 23.40 +.10 18.85
  Goodland, KS          
  NuSun 18.80 18.25 19.35 +1.10 19.35


US CRUDE OIL VALUES
recorded on Monday, June 29, 2015
(dollars per 100 lb. internal U.S. location)
  Last Year Last Week This Week Change
Soybean Oil 39.10 32.42 32.55 +.13
Cotton Oil (pbsy) 78.85 47.99 48.11 +.12
Corn Oil 42.00 42.50 43.00 +.50
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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