In the Dakotas and Minnesota, a much colder dry weather pattern has allowed for improved ground conditions and harvest progress.
Crush plants are taking in seed at higher moisture levels than normally allowed to aid producers in getting their sunflowers harvested. As a result, deliveries to the crush plants has increased as producers are prioritizing sunflower harvest and delivery to take advantage of the current uptrend in nearby prices.
In the past week, producers harvested an additional 178,000 acres pushing 2019 harvested acres to about 390,000 acres. This represents 32% of this year’s projected harvested acres and is behind the five-year average of 62%. Producers in Colorado, Kansas and Texas have made excellent harvest progress and are well ahead of the five-year average pace. In the Dakotas and Minnesota harvest remains behind the five-year average.
Much below normal temperatures coupled with dry conditions are expected to last well into the third week of November and should aid in harvest progress. This week the USDA Risk Management Agency (RMA) is expected to announce Harvest Prices for 2019 revenue insurance policies for sunflowers.
The harvest price per pound for oil-type sunflowers should be 16.1 cents and confection sunflowers at 21.9 cents. The spring prices were 16.7 cents for oils and 22.5 cents for confections. Given the drop between the spring and fall prices producers should contact their local crop insurance agent to see if they are eligible for an indemnity payment.