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This is the Sunflower Market News for 6/24/2016

Click here to view sunflower price averages.

Sunflowers are priced per hundred weight (CWT).
 

NuSun Prices

Location June Change July Change New Crop 2016 Change
Fargo ND 17.15 -.20 17.15 -.20 Cash 17.85/AOG 17.35 -.20
Enderlin ND 17.15 -.20 17.15 -.20 Cash 17.80/AOG 17.30 -.20
Goodland KS 16.65 -.20 16.65 -.20 Cash 17.35/AOG 16.35 -.20
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.

 

High Oleic Prices

Location June Change July Change New Crop 2016 Change
Enderlin ND NQ unch NQ unch AOG 19.05 -.20
Pingree ND NQ unch NQ unch NQ unch
Goodland KS 17.65 -.20 17.65 -.20 Cash 19.10/AOG 18.10 -.20
Fargo ND 17.45 -.20 17.45 -.20 NQ unch

 

CBoT

  Trading Range Nearby Close Change
Soybean Oil -.73 to -.80 30.99 -.76
Soybean Meal -1.90 to -7.60 375.60 -7.60

 
Market Comments


Old Crop High Oleic bids are offered at Cargill in Fargo and ADM Goodland.

CBoT soybean futures had a rough week as bearish weather forecasts and the surprise vote in Britain to leave the European Union rattled markets. Sunflower prices were able to hold up better losing only 10 to 20 cents this week. A return to mostly favorable Midwest weather into early July is pressuring row crop prices and encouraging more fund liquidation as we head into next Thursday’s USDA planted acreage and stocks reports. Most traders are looking for USDA to increase its current estimate of soybean acres from 82.2 million acres to near 84 million acres. Sunflower acres will also be given in the report. The market is expecting non-oil acres to show a moderate decrease from last year with oil-type acres holding steady to slightly lower than last year. While it will take months, if not years to know how the vote outcome in the United Kingdom will play out, it sent commodity prices off a cliff as investors moved out of risky assets and put their money into safe havens such as the US dollar and gold. Financial markets are a mess after the Brexit vote and will take a while to sort themselves out. In addition to weather forecasts, market attention will be focused on the June 30 USDA acreage and stocks reports.

Crushers are still offering 2016 new crop Act of God (AOG) NuSun and high oleic sunflower contracts. Something else to keep in mind is oil premiums that are paid on sunflower. Oil premiums 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%.

Confection Sunflower Seed Market
as of 6/24/2016

Processor Buying Current Crop Contracting 2016 New Crop Company Comment  
Advanced Sunflower        
Huron, SD Yes Buying oils & con-oils for de-hulling Yes Buying oils & con-oils for de-hulling Give us a call  
Redfield, SD Yes Buying oils & con-oils for de-hulling Yes Buying oils & con-oils for de-hulling    
CHS Inc.        
Grandin, ND Yes Buying Oil Sunflowers Yes Contracting long and conventional types  
Hazel, MN No Yes Contracting long and conventional types  
Erker Trading Company        
Fort Morgan, CO Yes Ask Purchasing black oils for bird food  
Alice, TX Ask Ask    
Proseed/PK Sunflower        
Karlstad, MN No No Buying and contracting oils only.  
RR Commodities        
Colby, KS No No    
Fargo, ND Yes Oil Sunflower for Birdfood No    
Lubbock, TX Yes Oil Sunflower for Birdfood No    
SunOpta        
Breckenridge MN Yes Yes Contracting Con-Oil, Oil and Organic for hulling. We are also contracting confection type sunflowers at all locations.  
Crookston, MN Yes Yes Contracting Con-Oil, Oil and Organic for hulling. We are also contracting confection type sunflowers at all locations.  
Grace City, ND Yes Yes Contracting Con-Oil, Oil and Organic for hulling. We are also contracting confection type sunflowers at all locations.
(Dollars per 100 Lbs.)

Legend
# NQ - No Quote
# NA - Not Available
# Split price (X/Y) is for: X for seeds remaining over a 20/64 and Y for seeds falling through a 20/64 round hole screen

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.
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