Sunflower market watching Ukraine conflict closely

Mark Conlon
May 13, 2023
May 13, 2023

Facebook
Twitter
Bluesky
WhatsApp
SMS
Email
Print
Save

The war between Ukraine and Russia has been a major source of influence in the sunflower market and will continue to be for the foreseeable future.

kAm}@E @?=J 92D E96 4@?7=:4E :>A24E65 DF?7=@H6C AC@5F4E:@? :? &<C2:?6[ 3FE 2=D@ &<C2:?6’D 23:=:EJ E@ 6IA@CE ?@E ;FDE DF?7=@H6C @:=[ 3FE @E96C 28C:4F=EFC2= 4@>>@5:E:6D[ 2D H6==] &<C2:?6 :D 2 >2;@C :>A@CE6C @7 DF?7=@H6C @:= :? E96 H@C=5]k^Am

kAm“%C256CD 2C6 <66A:?8 2? 6J6 @? D4965F=65 E2=<D 36EH66? &<C2:?6[ #FDD:2[ 2?5 %FC<6J 2D @77:4:2=D ECJ E@ 92>>6C @FE 2? 6IE6?D:@? E@ E96 q=24< $62 vC2:? x?:E:2E:G6 Wq$vxX E92EVD <66A:?8 28C:4F=EFC2= AC@5F4ED 7=@H:?8 @FE @7 &<C2:?6[” 4@>>6?E65 y@9? $2?532<<6?[ 6I64FE:G6 5:C64E@C @7 E96 }2E:@?2= $F?7=@H6C pDD@4:2E:@? W}$pX[ HC:E:?8 :? }$p’D H66<=J ?6HD=6EE6C @? |2J g]k^Am

kAm“#FDD:2 H2?ED E96 (6DE E@ C6>@G6 32?<:?8 D2?4E:@?D :? 6I492?86 7@C >2:?E2:?:?8 E96 q$vx E@ 7C66 FA :ED C6G6?F6D 7C@> 76CE:=:K6C 2?5 8C2:? D9:A>6?ED[” 96 4@?E:?F65[ 255:?8 E92E E96 28C66>6?E H:== 6IA:C6 @? |2J `g 2?5 “92D =65 E@ >2C<6E G@=2E:=:EJ :? C646?E EC25:?8]”k^Am

kAm$2?532<<6? A@:?E65 @FE E92E 8=@32= DF?7=@H6C AC@5F4E:@? 7@C a_ab\ac :D 8@:?8 E@ 36 2 >@G:?8 E2C86E 3642FD6 @7 E96 F?46CE2:?EJ 23@FE 9@H >F49 24EF2==J 86ED A=2?E65 :? &<C2:?6 E9:D J62C]k^Am

kAm“%96 H2C :? &<C2:?6 92D =67E >F49 F?46CE2:?EJ @7 H92E D665 2G2:=23:=:EJ H:== 36 =:<6 E9:D J62C 2?5 A@E6?E:2==J :? a_ac[ 2D H6==[” 96 D2:5] “&<C2:?6 H2D @?6 @7 E96 >2;@C AC@5F46CD 2?5 6IA@CE6CD @7 DF?7=@H6C @:= 244@F?E:?8 7@C d_ A6C46?E @7 8=@32= DF?7=@H6C @:= EC256] %96 6G6?ED :? &<C2:?6 6D42=2E65 2? 2=C625J E:89E G686E23=6 @:= >2C<6E]k^Am

People are also reading…

Trail King: Transport solutions for every trailer owner
Heavier carcasses unlock value for group of ranchers
Open cows going to market early this fall with lack of feed
The PCV2 landscape has changed. Is your protection keeping up?
Brother, sister, same stage
Beef demand shifts to ‘pot roast’ season
Livestock farmers on high alert
Gevo ND tour highlights field-to-fuel low carbon corn farming
More thoughts on leadership
Forest fires in southwest Montana impact ranchers
Many farmers manage both calving and harvest work
Aging farmers and the government want to save farms, but for many the cost is too high
USDA stocks report bearish for corn
September basis offers insight
Producer plans store to advocate for agriculture

kAm“%9:D 4@?7=:4E 36EH66? &<C2:?6 2?5 #FDD:2 362CD H2E49:?8 2D :E 92D D:8?:7:42?E=J :?4C62D65 E96 F?46CE2:?EJ @7 E96 28C:4F=EFC2= DFAA=J 2?5 56>2?5 4@?5:E:@?D :? E96 C68:@? 2?5 8=@32==J[” 96 25565]k^Am

kAmx? 62C=J |2J[ @=5 4C@A DF?7=@H6C AC:46D 2E E96 }@CE9 s2<@E2 4CFD9 A=2?ED H6C6 5@H? ad E@ c_ 46?ED H:E9 ?6H 4C@A 5@H? d_ 46?ED E@ F?492?865] ~=5 2?5 ?6H 4C@A AC:46D H6C6 F?492?865 2E E96 {2>2C[ r@=@][ A=2?E]k^Am

kAm{@@<:?8 2E =@42= 4CFD9 A=2?E AC:46D[ 2D @7 |2J g[ ?62C3J }F$F? AC:46D 2E E96 ps| 4CFD9 A=2?E :? t?56C=:?[ }]s][ H6C6 =:DE65 2E Sa`]`_ A6C 9F?5C65H6:89E 7@C |2J 56=:G6CJ 2?5 Sa`]b_ 7@C yF?6 56=:G6CJ] pE E96 r2C8:== A=2?E :? (6DE u2C8@[ }]s][ ?62C3J }F$F? AC:46D H6C6 =:DE65 2E Sa_]fd A6C 9F?5C65H6:89E 7@C 56=:G6CJ :? |2J 2?5 Sa`]ad 7@C 56=:G6CJ :? yF?6]k^Am

kAmw:89\@=6:4 DF?7=@H6C AC:46D H6C6 =:DE65 2E Sa`]e_ 7@C 56=:G6CJ :? |2J 2?5 Sa`]g_ 7@C yF?6 56=:G6CJ 2E ps| :? t?56C=:?] pE r2C8:== :? (6DE u2C8@[ E96 |2J 56=:G6CJ AC:46 7@C 9:89\@=6:4 DF?7=@H6C H2D Sa`]ad 7@C |2J 56=:G6CJ[ 2?5 Sa`]fd 7@C 56=:G6CJ :? yF?6]k^Am

kAm{@@<:?8 2E a_ab ?6H 4C@A 42D9 2?5 p4E @7 v@5 Wp~vX 4@?EC24ED 7@C }F$F? DF?7=@H6C[ E96 ps| A=2?E :? t?56C=:? H2D @776C:?8 Sab]ad 42D9 2?5 Saa]fd H:E9 2? p~v 4=2FD6] r2C8:== :? (6DE u2C8@ H2D @776C:?8 Saa]d_ 42D9]k^Am

kAm}6H 4C@A 9:89\@=6:4 DF?7=@H6C 4@?EC24ED H6C6 Sac]cd 42D9 2?5 Sab]hd H:E9 2? p~v 2E t?56C=:?[ H9:=6 (6DE u2C8@ @776C65 2 42D9 AC:46 @7 Sac 2?5 Sab]d_ H:E9 2? p~v 4=2FD6] t=D6H96C6 :? }@CE9 s2<@E2[ !:?8C66 H2D @776C:?8 Sab]cd 42D9 2?5 w63C@? H2D @776C:?8 Saa]gd 42D9]k^Am

kAm{2DE=J[ 36D:56D <66A:?8 2? 6J6 @? A=2?E:?8 AC@8C6DD[ E96 }@CE9 p>6C:42? @:=D665 >2C<6E H:== D9:7E :ED 2EE6?E:@? E@ 56>2?5 ?6HD[ H62E96C[ 4C@A 4@?5:E:@?D 2?5 AC@5F4E:@? AC@DA64ED :? E96 >@?E9D 29625]k^Am