Sunflower Highlights

Post Date: Jul 01 2024

Crop Progress - Monday, July 1, 2024

State	This Week	Last Week	Last Year	5 Year Average
North Dakota
Emerged	89	75	90	85
South Dakota
Planted	97	91	99	97
Emerged	79	59	71	--
Kansas
Planted	88	82	85	86
Minnesota
Planted	91	89	100	99
Colorado
Planted	95	82	93	90
Texas
Planted	84	82	87	84
Harvested	6	4	8	6

Crop Conditions - Monday, July 1, 2024

State	Very Poor	Poor	Fair	Good	Excellent
North Dakota	0	1	24	74	1
Minnesota	0	1	24	54	21
Colorado	1	1	63	33	2
South Dakota	1	1	12	78	8

Consider cattail control

July to mid-August is a good time to remove blackbird roosting locations, such as marshes sloughs and cattails. Cattails serve as blackbird habitat, so it is in the sunflower producer’s best interest to cut them down or spray herbicides to get rid of them as much as possible. Visit https://www.ndsu.edu/agriculture/extension/publications/north-dakota-weed-control-guide for more information on using herbicides.

Grower report

Chuck Todd, producer from Onida, SD says this winter they received little to no moisture. It rained 4 inches in April but not much moisture since. The temperatures have been in the 90’s lately. He has enough moisture for now to keep moving but could really use some rain.

Markets

Nearby prices were unchanged to up 30 cents with new crop unchanged to up 50 cents at the crush plants this week. USDA released its planted acres report last week. Area planted to sunflower in 2024 totals 898,500 acres, down 32 percent from 2023. Compared with last year, growers in all eight of the major sunflower production states showed a decrease in planted acreage this year, with South Dakota having the largest decline in acreage from last year. The harvested area is expected to decrease 32 percent from last year to 862,600 acres. Planted area of oil type varieties, at 765,000 acres, is down 34 percent from 2023, and harvested area is expected to decrease 35 percent from last year to 736,500 acres. Planted acreage of non-oil varieties, estimated at 133,500 is down 13 percent from last year. The harvested area is expected to decrease 11 percent from last year to 126,100 acres. Planted acres were 6 percent lower than the agency’s March estimate of 957,500 acres, a difference of 59,000 acres. Compared with the March planting intentions report oil type acres decreased by 39,000 with confection down 20,000 acres. At the time the survey was conducted planting was still going on in several states so acreage figures could change in the next report. With the release of the USDA report, the key to oilseed prices going forward will be U.S. summer weather and demand news.

Sunflower exports mixed in 2023/24 marketing year

Exports of kernel are up 23% from a year ago, from 1,594 metric tons (MT) to 1,956 MT from October 2023 to April 2024. Canada remains the top importer of U.S. sunflower kernel, importing 1,184 MT. In-shell exports decreased 16% from 8,114 MT to 6,822 MT from October 2023 to April 2024. Spain remains the top importer of in-shell sunflower, importing 2,451 MT with Mexico a close second importing 2,113 MT during the period. Sunflower oil exports are down 11% from a year ago, from 17,129 MT to 15,250 MT from October 2023 to April 2024. Canada remains the top importer, importing 11,309 MT up 2% from a year ago. South Korea is the number two destination importing 1,178 MT during the period.

Canada sunflower acres decrease

According to Statistics Canada data, Canadian farmers planted 58,000 acres of sunflowers this spring, which is down 42 percent from 2023. Last year Canadian farmers planted 99,200 acres of sunflower. The 2024 acreage is 39 percent below the five-year average of 94,585 acres. The majority of Canada’s sunflower crop is grown in Manitoba, with production also in Alberta and Saskatchewan.

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Markets at a Glance

Weekly Prices Recorded on Monday, July 1, 2024 ($/CWT)

	Deliver	Last Year	Last Week	This Week	Change	2024 NEW Crop
Chicago Oil	Nearby	67.02	43.49	45.83	+2.34	45.75
West Fargo, ND	NuSun	19.00	NQ	NQ	NC	NQ
West Fargo, ND	High Oleic	19.50	17.00	17.00	NC	18.25
Enderlin, ND	NuSun	19.10	16.30	16.30	NC	NQ
Enderlin, ND	High Oleic	19.60	16.50	16.75	+.25	18.50
Lamar, CO	High Oleic	20.25	16.60	16.90	+.30	20.00

U.S. CRUDE OIL VALUES recorded on Monday, July 1, 2024
(dollars per 100 lb. internal U.S. locations)

	Last Year	Last Week	This Week	Change
Soybean Oil	74.02	46.49	48.83	+2.34
Cotton Oil (pbsy)	102.02	68.49	70.83	+2.34
Corn Oil	70.00	55.00	55.00	NC

Prices recorded here are believed to be reliable at the time of posting. Individual companies have the right to correct any errors that may occur. Contact these facilities for complete market details.

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