Record low sunseed production forecast for US

게시됨 2024년 11월 18일

Tridge 요약

The USDA's National Agricultural Statistics Service has reported a significant decrease in sunflower planting in the United States for the 2024/25 marketing year, with airlines being significantly lower than the previous year. This decline is largely attributed to lower profitability compared to other oilseed crops such as canola and soybeans. Consequently, sunseed stocks have reached their highest levels since 2016/2017, leading to the lowest purchase prices in the last 4-5 years. Furthermore, the expansion of canola and soybean processing capacity in states like North Dakota and South Dakota has led to an increase in acreage planted to these crops, further reducing sunflower planting. As a result, the total sunseed production is expected to reach its lowest level since 1976/1977, at 1.3 billion pounds (589,000 tons).

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원본 콘텐츠

In the 2024/25 marketing year, farmers in the United States planted record-low sunflower acreage – almost half of what was planted the previous year. That’s according to a report from the USDA’s National Agricultural Statistics Service. “Most of the decline in planted acreage occurred in the two largest producing states: North Dakota and South Dakota. The decline is due to lower profitability compared to other oilseed crops such as canola and soybeans,” the service writes. Sunseed stocks at the end of 2023/24 were the highest since 2016 – 2017, resulting in the lowest purchase prices in the last 4-5 years. In addition, the expansion of canola and soybean processing capacity in these states created additional domestic demand for the crops, leading to an increase in acreage planted to beans and canola at the expense of sunflower, the report elaborates. Total sunseed production this season is forecast at 1.3 billion pounds (589,000 tons), the lowest since 1976-1977. For almost 30 ...

출처: UkrAgroConsult