It’s been a while since I have posted a market update, so lots of things to talk about this morning. Looking at the major crops, Corn and Beans have been on a steep slide over the last several months. This downturn can be attributed to a number of factors, including a stronger dollar, the prospect.
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After reading through today’s crop report, I thought I’d send out market update on sunflowers. As many of you are experiencing, the warmer winter coupled with historically high prices have put a damper on demand for both black oils and most birdfood mixes. Continued pressure from import options are helping keep prices soft, while crush.
Below is the latest market info from the National Sunflower Association. Dry weather in South American has sparked the recent rally in grains. Not a bad time to look at your first quarter needs, while demand is still relatively slow. Market Comments New crop sunflower prices increased 10 to 30 cents this week. The Cargill.
As expected, sunflower prices have fallen from the pre-harvest peak. However, harvest prices remain historically high despite harvest progress approaching over 50 percent nationally. Prices at the crush plants are $7.00 cwt higher now than any previous October. This is largely due to the reduced crop size and strong competition from the bird food and.
According to the latest USDA crop production report, sunflower production will account for a majority of the increase in global oilseed production this year. Global production of sunflower for 2011/12 is projected at a record 35.7 million metric tons, up 887,000 tons from last month. The increase is based on larger crop estimates for Russia,.