National Sunflower Association
http://www.sunflowernsa.com/smartmail/Sunflower-Highlights-March-19-2018/
National Sunflower Association

Sunflower Highlights

2017 U.S. Crop Quality Report Available Online
The 2017 U.S. Crop Quality Report is now available on the NSA website. Click here to view the report. The U.S. Sunflower Crop Quality Report is produced annually by the National Sunflower Association. The report contains useful information about sunflower acreage & production, confection and oil-type seed quality, mid-oleic & high oleic oil quality analysis and oil traits, product specifications, oil trading rules, statistics on marketing the crop, World and U.S. supply and demand tables, sunflower oil and meal exports for the United States, and other related topics of interest to those in the industry.

Register Now for the 2018 NSA Summer Seminar
Registration is now open for our 2018 NSA Summer Seminar, scheduled for June 26-28, 2018. This year’s Summer Seminar will be held at the Arrowwood Resort in Alexandria, Minnesota. Click here to register on our website. You’ll find our tentative schedule there too, as well as hotel information and more. A block of rooms has been reserved there for June 25-28. The room block will be released May 25, 2018 but may fill up much faster so don’t wait! The program is being finalized now and more information will be coming soon. Check the NSA website for further updates. Contact Tina Mittelsteadt at tinam@sunflowernsa.com with any questions.

  NSA Board Members Go to Washington, DC

From left to right: Karl Esping (Lindsborg, KS), Art Ridl
(Dickinson, ND), Lance Hourigan (Lemmon, SD), Kevin
Capistran (Crookston, MN)
Several members of the National Sunflower Association’s board of directors spend time last week in Washington, DC. Members made visits to members of Congress from Kansas, Minnesota, North and South Dakota about the upcoming Farm Bill and Fiscal Year 2019 appropriations. In addition, the group met with officials from the USDA APHIS/Wildlife Services to discuss blackbird depredation concerns.

Deadline is Approaching for NSA Scholarship
There is still time to submit applications for the National Sunflower Association’s Curtis Stern Memorial Scholarship. Scholarship funds assist students who study in the field of agriculture with a special emphasis on sunflower production, promotion, or research. Application deadline is April 1, 2018. $4,600 is available for the scholarship this year. Preference will be given to students who are in their last two years of undergraduate studies or in graduate level studies and have maintained at least a cumulative 3.0 GPA on a 4.0=A scale. Applications can be submitted online at the North Dakota Community Foundation website.
 

Spring Drying and Storage Critical
Temperatures are finally warming up a bit, and as temps increase, it is important to pay special attention to stored sunflowers. An increase in outdoor temperature and solar heat warms bins, and increases the stored sunflower temperature. Here are some tips to keep stored sunflower from getting too warm:
  • Run aeration fans periodically to keep the temperature at a proper level.
  • Monitor stored sunflowers closely to detect any storage problems early.
  • Check the moisture content of stored sunflower to determine if it needs to be dried. Oil sunflowers need to be dried to 8 percent for summer storage to prevent spoilage.
Click here for more information on drying and storing.

Upcoming Events
March 21, 2018 – NSA High Plains Committee Meeting, Goodland, KS
June 26-28, 2018 – NSA Summer Seminar, Arrowwood Resort, Alexandria, MN

Markets
New crop prices for oil sunflower continue to move higher adding another 5 to 10 cents per hundredweight last week. New crop prices are in a range of $17.45-$18.45 for NuSun with High Oleics at $17.95-$18.65 at the crush plants. 2018 new crop prices are now $2.00 per cwt. higher than last year at this same time. Something else to consider is the oil premiums that crush plants pay on sunflower. Considering oil premiums that are offered at the crush plants on oil content above 40% at a rate of 2% price premium for each 1% of oil above 40%; this pushes a contract with 45% oil content gross return 10% higher per cwt and would raise the value of a $18.65 base contract to $20.51 per cwt. Old crop prices have climbed the past few weeks bucking the negative trend in oil values, adding 5 to 10 cents this week. Most fundamental news for oil has been negative lately with soybean oil and palm oil prices on the defensive. Frigid winter weather drove crush demand for soybean meal and pressured CBoT soyoil contracts as oil stocks started to build. This situation is normal as historically soybean oil prices hit a low point during January and February as meal drives the market. Adding more price pressure has been surging palm oil production, which is way ahead of last year at this time. A small 2017 US sunflower crop and good demand are supporting seed prices.

Weekly Prices Recorded on Monday, March 19, 2018 ($/CWT)
  Deliver Last Year Last Week This Week Change 2018 NEW Crop
Chicago Oil Nearby 32.74 31.56 32.06 +.50 32.86
Fargo, ND NuSun 15.00 17.55 17.65 +.10 18.45
Fargo, ND High Oleic NQ 17.45 17.50 +.05 18.45
Enderlin, ND NuSun 15.15 17.50 17.55 +.05 18.45
Enderlin, ND High Oleic NQ 17.50 17.55 +.05 18.65
Goodland, KS NuSun 13.90 17.00 17.00 NC 17.45
Goodland, KS High Oleic 15.55 18.00 18.00 NC 18.45
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, March 19, 2018
(dollars per 100 lb. internal U.S. location)
  Last Year Last Week This Week Change
Soybean Oil 30.24 29.95 30.26 +.31
Cotton Oil (psby) 38.74 29.75 30.06 +.31
Corn Oil 42.50 34.00 34.00 NC


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