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Sunflower prices rally

Sunflower prices rally
Old crop prices gain 35 cents per cwt; NuSun contracts are now at $17.40 per cwt.

Sunflower prices have rallied at the crush plants. Old crop has gained 35 cents and new crop added 30-40 cents per cwt.

New crop NuSun cash prices are now at $17.40 per cwt at West Fargo $17.35 per cwt at Enderlin with Goodland at $16.95 per cwt.

Crushers are still offering new crop Act of God (AOG) contracts for fall delivery as well.

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%. For example, a $17.40 contract with 45% oil content results in a 10% price premium which pushes gross return to $19.15 per cwt.

Sunflower prices have rallied.

ADM is offering 2016 new crop AOG high oleic sunflower contracts at Enderlin and Pingree, N.D. and Goodland, KS. When high oleic contracts were first offered at the North Dakota locations this winter they were snapped up quickly.

"This is an opportunity to lock in prices and diversify your crop risk this year," says John Sandbakken, National Sunflower Association executive director.

Source: National Sunflower Association

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