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Re: Black Oil seed $$$$

From:

JAMES WILSON

Reply-To:

JAMES WILSON

Date:

Fri, 25 Jul 2008 14:22:29 -0400

This is an interesting web site for sunflower growers:
http://www.sunflowernsa.com/default.asp

The actual price per hundredweight for sunflower seeds has dropped .... May 
27 = $29.50 .......... July 24 = $27.60

This is the market report from July 24:
BEGIN QUOTE:
MARKETS:
The market has been in a downward spiral lately. On the CBoT, soyoil has 
been very weak despite higher crude petroleum oil values. The weakness in 
soyoil [soybean oil] is pressuring soybeans along with good weather 
conditions. Disappointing export sales and general improvement in USDA crop 
ratings have also continued to pressure commodities in the past few trading 
days. Losses on the CBoT have sent old and new crop sunflower prices lower 
in the past two weeks. As long as favorable weather continues it is expected 
that the market will trend sideways to lower for the near term. Old crop 
sunflower supplies are drawing down with good demand from confection 
processors, crushers and bird seed buyers."

The bird seed we are buying now is still from last year's crop and the price 
is high.  It will be interesting to see how the new crop prices out.

I just paid $20 for 2 ripped 25 pound bags.  Ask about ripped bags to save 
some money.

Jim Wilson
Queenstown