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Sunflower prices hard to predict

2008-10-13 08:39:00
Author: BizWire

Fargo, ND - This year's U.S. sunflower crop is nearly one-fourth bigger than last year's.

But John SandBakken with the National Sunflower Association says it's tough to tell what effect that will have on prices.

That's because the turmoil in the financial markets is having an effect on all commodity markets.

Sandbakken says farmers who contracted this year's crop last spring made a smart move. Last spring, new-crop prices were nearly double 2007's new-crop prices.

But Sandbakken also says that sunflower demand is high. That should help prices stay strong.

His advice deliver whatever is contracted, and keep the rest in the bin until the financial turmoil settles.

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