National Sunflower Association
http://www.sunflowernsa.com/smartmail/Sunflower-Highlights-October-23-2017/
National Sunflower Association

Sunflower Highlights

Crop Progress
The sunflower harvest in Texas is right on schedule: 69 percent of the crop is reported harvested, which is right on track with last year's harvest as well as the five year average. Minnesota producers are half done with the sunflower harvest, and the crop there is rated 83 percent in good to excellent condition.

Crop Progress - Monday, October 23, 2017
State This Week Last Week Last Year 5 Year Average
North Dakota        
Mature 98 93 97 ----
Harvested 32 12 36 37
South Dakota        
Mature 95 84 91 ----
Harvested 32 15 54 43
Minnesota        
Harvested 51 21 63 62
Colorado        
Harvested 13 2 34 40
Kansas        
Petals Dry 96 93 100 ----
Bracts Yellow 91 83 93 94
Mature 81 69 82 81
Harvested 17 5 36 33
Texas        
Harvested 69 65 69 70


Crop Conditions - Monday, October 23, 2017
State Very Poor Poor Fair Good Excellent
North Dakota 7 13 39 39 2
South Dakota 3 20 46 26 5
Minnesota 0 1 16 57 26
Colorado 1 2 15 59 23
Kansas 1 5 29 57 8


Grower Report
Onida, South Dakota producer Chuck Todd has been happy with sunflower yields so far; he says yields are ranging from 2,000-2,400 lbs per acre. Todd says that especially good news, considering the extremely dry conditions this year.

Markets
Sunflower prices at the crush plants ended the week up 5 to 20 cents. Birdfood prices have seen little movement after large purchases were made in August/September taking care of current needs. Harvest has begun in the sunflower production region with initial quality generally very good. Yields are being reported in the 1,500-2,500 pound range with some reports over 3,500 pounds in areas not impacted by this summer’s drought. Drought impacted areas have seen yields closer to 1,000 pounds per acre. USDA forecasts that average yields in the Dakotas are expected to be down more than 500 pounds per acre compared with last year due to drought conditions. The drought impact on production in the Dakotas, the largest sunflower producers, will keep traders anxiously watching yield trends as harvest continues.  Last week USDA lowered US 2017/18 soyoil ending stocks from 1,757 million pounds to 1,537. This was due to lower beginning stocks and higher 2016/17 biodiesel use. Also, EPA put to bed any concerns that the agency would be making changes to the Renewable Fuel Standard (RFS) volumes which could have been harmful to agriculture and biofuels. EPA had earlier signaled that a reduction in RFS volumes was likely. This was positive news for oil values and sunflower prices in general as they are closely tied to CBoT soyoil values.

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