Sunny Outlook for Sunflower – Dakota Farmer Update
March 9, 2017
Source: Dakota Farmer Update | John Sandbakken | Mar 09, 2017
Budgets show confection and oil sunflowers to be among top-earning crops, says National Sunflower Association executive director.
Both confectionary and oil sunflowers are projected to be top earners in 2017. New-crop sunflower prices are very competitive with other crops, and processors are still offering contracts. Processors want to build on the momentum the large 2016 crop allowed to rebuild product demand and expand market opportunities. All sunflower sectors are offering act of God (AOG) contracts for fall delivery. These fail-safe contracts have become very popular with farmers throughout the production region. They provide an opportunity to lock in attractive prices now for fall delivery and removes that important factor of price risk in these very volatile times.