Sunflower Highlights
Post Date: Dec 14 2015
Dow Chemical Co. and DuPont Co. plan to merge to form a $120 billion firm in terms of market capitalization that would reshape the US chemical and agricultural industries. The new firm is planned to be split into three separate businesses 18 to 24 months after the merger closes, with each of the three companies publicly traded. One would focus on agriculture, another on material sciences and a third on specialty products in nutrition and electronics. The company will be called DowDuPont and will have dual headquarters in Midland, Mich., and Wilmington, Del. The leadership and location of the three eventual companies hasn’t been decided. 
EPA Proposes Changes for Pesticide Applicators
The Environmental Protection Agency (EPA) is proposing significant changes to the national certification and training requirements for pesticide applicators. North Dakota Agriculture Commissioner Doug Goehring says the changes include creating additional categories of certification, changing the administration of exams, and increasing training requirements. The proposed rule adds the categories of aerial, soil fumigation, and non-soil fumigation; makes the exams closed- book, and increases the number of training hours for recertification. Goehring says those affected should submit comments to the EPA. Comments must be submitted by December 23 at www.regulations.gov. NDSU Extension has developed a video presentation and a fact sheet detailing the proposed changes. Find the video presentation here and the fact sheet here
 
Seed Quality
High Plains Summary
  2015 2014
Oil Content 40.0% 41.8%
Foreign Material 6.4% 4.6%
Moisture 8.3% 8.2%
Test Weight 31.0 lbs 30.7 lbs  
 
 
Seed Quality
Northern Plains Summary
  2015 2014
Oil Content 43.0% 41.3%
Foreign Material 4.4% 6.0%
Moisture 8.2% 8.0%
Test Weight 31.0 lbs 29 lbs  
Canada Top Importer of Sunflower Oil
Canada remains the top importer of U.S. sunflower oil. In the first month of the 2015-16 marketing year, Canada imported 1,375 metric tons (MT) of sunflower oil. However, sunflower oil exports are down slightly from the same time last year. Oil exports are down from 2,953 metric tons (MT) during October 2014 to 1,876 MT in October 2015. 
Exports of In-Shell Sunflower and Kernel On Track with Last Year
In the first month of the 2015-16 marketing year, exports of both in-shell sunflower and kernel are right on track with last year’s exports. Kernel exports stand at 905 metric tons (MT), compared to 904 MT a year ago. In-shell exports for October 2015 were 4,830 MT, compared to 4,847 MT in October 2014. Spain remains the top importer of in-shell sunflower, at 1,627 MT so far this year. Canada is the leader in kernel imports, with 333 MT in October 2015. 
Hybrid Yield Trials Available Online
This time of year, producers start thinking ahead to what they’ll plant next year. When it comes to seed selection, yield trials are an important way for producers to look at a hybrid’s performance in several locations, over several years and several environments. This information is available for several states on our website: www.sunflowernsa.com.
Register Now For 2016 Research Forum
If you’re planning to attend the NSA Research Forum in Fargo January 12-13, 2016, register now. Pre-registration is $115 – on December 28 that will increase to $130 and if you register at the door on the day of the Forum, registration will be $155. You can preregister on our website at www.sunflowernsa.com/events/. You’ll also find hotel information there. If you have questions, call Tina Mittelsteadt at 888-718-7022 ext. 3 or email tinam@sunflowernsa.com. See you in Fargo! 
Upcoming Events
January 12-13, 2016 – NSA Research Forum, Fargo, ND
June 28-30, 2016 – 2016 NSA Summer Seminar, Bismarck, ND 
Markets
New crop 2016 contracts continue to roll out. ADM Goodland is offering both cash and Act of God (AOG) contracts for NuSun and High Oleic sunflowers. NuSun are at $16.00 per cwt. for cash with the AOG contract at $15.00.
High Oleic contracts are being offered at a $2/cwt. premium to the NuSun prices and are at $18.00 per cwt. for cash with the AOG contract at $17.00. USDA released its latest report and made no changes to US soybean supply and demand last week. They reduced world soybean stocks slightly but are still estimated record large. The report offered little fresh information for traders. A few analysts had expected a mild reduction. Market is waiting for new Argentine government to announce new Ag policy and export taxes. There is some talk that Argentina’s new President wants to float their currency freely which could trigger new farmer selling. Market is also waiting to see if Congress can find a way to pass a biofuel producer blend credit and trying to guess the potential impact if US Fed raises rates on Dec 16. 
 
Weekly Prices Recorded on Monday, December 14, 2015 ($/CWT)
  Deliver Last Year Last Week This Week Change 2016 NEW Crop
Chicago Oil Nearby 32.27 30.98 31.30 +.32 31.61
Fargo, ND NuSun 18.80 17.15 17.00 -.15 17.55
Enderlin, ND NuSun 18.75 17.35 16.95 -.40 17.45
Goodland, KS NuSun 19.50 16.75 16.50 -.25 15.90
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.
 
U.S. CRUDE OIL VALUES recorded on Monday, December 14, 2015
(dollars per 100 lb. internal U.S. location)
  Last Year Last Week This Week Change
Soybean Oil 32.27 29.23 29.37 +.14
Cotton Oil (psby) 40.27 48.25 48.12 -.13
Corn Oil 34.50 38.50 38.50 NC
Holiday Break
This edition of the Sunflower Week in Review will be the last for 2015. We will return with the weekly newsletter on January 4, 2016. Happy holidays from the National Sunflower Association! 
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