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Canaryseed Lifts Birdseed Complex
VANCOUVER - Oct 26/07 - SNS -- North American birdseed ingredient markets ended the week on a generally firmer note, led higher by Canadian canaryseed.
Both grower and inter-dealer markets were higher, with grower bids jumping CDN $1.50 per 100 pounds (cwt) for farmers dressed product delivered western Canadian processing plants; while dealer markets advanced $1 for machine dressed product packed in bulk.
This resulted in a significantly narrowing the basis spread for canaryseed from $2.85 to $2.05 cwt. Since the start of the marketing year, the basis spread has averaged $2.98 cwt, up seven cents from the 2006-07 season average.
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