Since Russia’s invasion of Ukraine began, new crop sunflower prices increased $2.80 to $3.50 per hundredweight at U.S. crush plants. According to National Sunflower Association Executive Director John Sandbakken, the recent surge in new crop prices may encourage U.S. farmers to increase sunflower acres. “I know there’s interest, because I’ve had calls with farmers that told me hybrid seeds aren’t available, but that’s not the truth. There’s all kinds of hybrid seed available that we can plant this year,” said Sandbakken. “I know farmers are interested in these prices and whether or not they can get seed, but there’s plenty of seed available.” Oil premiums could offer a positive return. “Sunflowers will likely be in the ballpark of having very profitable returns this year.”
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