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You Are Here Growers > Marketing > Week in Review




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November 17, 2014



CROP PROGRESS

Harvest is nearly complete in the Dakotas and Minnesota, with 80%-95% of the sunflowers harvested in those three states. That's well ahead of last year, but on par with the five-year average in all three states. Harvest is slightly ahead of normal in Texas, where 90% of the sunflowers have been harvested.


CROP PROGRESS as of November 17, 2014
  This Week Last Week Last Year 5 Yr. Avg
NORTH DAKOTA
Harvested
82 72 60 81
SOUTH DAKOTA
Harvested
80 70 61 82
KANSAS
Mature
97 94 100 99
KANSAS
Harvested
74 61 85 82
TEXAS
Harvested
90 89 74 86
MINNESOTA
Harvested
95 84 85 89
COLORADO
Harvested
76 63 92 84
Source: USDA NASS (not all states reporting)

SEED QUALITY

High Plains Summary:
Test Weight: 29.97 lbs
Moisture:8.14%
Foreign Material: 5.06%
Oil Content: 40.75%

Northern Plains Summary:
Test Weight: 28.6 lbs
Moisture: 9.45%
Foreign Material: 5.2%
Oil Content: 41.9%

REGISTER NOW FOR 2015 RESEARCH FORUM

Have you registered for the 2015 NSA Research Forum yet? It's easy to do on our website - www.sunflowernsa.com/events/. The Research Forum is scheduled for January 7-8, 2015 at the Ramada Plaza Suites and Convention Center in Fargo, ND. A block of rooms has been reserved at the Ramada and also at the Expressway Suites - both are reserved under the NSA Research Forum for January 6-7 through December 5, 2014. Find more hotel information at www.sunflowernsa.com/events/. If you have questions, call Lerrene Kroh at 888-718-7033 ext. 4 or email her at lkroh@sunflowernsa.com. See you in Fargo!

EXPORTS OF IN-SHELL SUNFLOWER AND KERNEL INCREASE TO SPAIN

Exports of both in-shell sunflower and sunflower kernel to Spain continue to increase. From October 2013 to September 2014, Spain imported 2,137 metric tons (MT) of sunflower kernel. That compares to 2,078 MT from October 2012 to September 2013. Overall, kernel exports stand at 10,554 MT, slightly down from last year's 12,933 MT. In-shell exports to Spain are also on the rise: from 21,023 MT last year (October 2012-September 2013) to 23,031 MT this year (October 2013-September 2014). Exports of in-shell sunflower to Mexico and Israel are also on the rise.

SUNFLOWER OIL EXPORTS INCREASE

Sunflower oil exports continue to increase, from 29,331 metric tons (MT) from October 2012 to September 2013 to 37,184 MT from October 2013 to September 2014. Canada remains the top importer, but countries like the United Kingdom, Vietnam, Japan, Germany, and Netherlands are growing markets.

"LIKE" US ON FACEBOOK

Have you "liked" our Facebook page yet? If not, take a minute to do that now. Find us at www.facebook.com/sunflowernsa. It's a great way to connect with producers and industry leaders. And if you've got pictures or videos, we'd love if you'd share them on our page!

JAZZ UP YOUR HOLIDAY RECIPES WITH SUNFLOWERS

Looking for a way to make this year's Thanksgiving dinner stand out? Look no further than sunflower seeds - they can be added to your favorite recipes, or if you're looking for something new, check out the recipe section on our website: www.sunflowernsa.com/health/recipes/.

UPCOMING EVENTS

December 2-3, 2014 - Ag Horizons Conference, Pierre, SD
December 4-5, 2014 - NSA Board of Directors Meeting, Bismarck, ND
December 10, 2014 - 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

USDA's November Crop Production report contained no surprises for the market. The U.S. soybean crop is now forecast at 3.958 billion bushels, 31 million bushels larger than the October forecast. Production forecasts were not changed for the rest of the world. In the November World Agricultural Supply and Demand Estimates (WASDE) report, the USDA increased the forecast of both the domestic crush and exports during the current marketing year but left the forecast of year-ending stocks at 450 million bushels. US farmers have increased cash sales on the recent market rally and there is talk that the pipeline may be getting filled which will lead to some price pressure in oilseeds. There has also been some talk of cheaper South American soy meal coming into the US. Estimates of 2015 US crop acres are also starting to come out. One private group estimated US 2015 corn acres near 88.3 million versus 90.9 in 2014. Their 2015 soybean acres estimate was near 88.3 versus 84.2 in 2014. With the USDA production estimate in the market, market focus will shift to demand and South American production prospects.

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


Weekly Prices Recorded on Monday, November 17, 2014 ($/CWT)
  Deliver Last Year Last Week This Week Change 2015 New Crop
  Chicago Oil          
  Nearby 40.11 32.36 32.45 +.09 33.05
  Fargo, ND          
  NuSun 19.65 17.40 17.60 +.20 17.70
  Enderlin, ND          
  NuSun 19.70 17.30 17.50 +.20 17.70
  Goodland, KS          
  NuSun 18.85 17.00 17.60 +.60 17.90


US CRUDE OIL VALUES
recorded on Monday, November 17, 2014
(dollars per 100 lb. internal U.S. location)
  Last Year Last Week This Week Change
Soybean Oil 38.11 31.86 31.95 +.09
Cotton Oil (pbsy) 41.61 42.36 42.45 +.09
Corn Oil 38.50 35.50 35.50 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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