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Bearish Background Affects Birdseeds
VANCOUVER - Feb 7/10 - SNS -- North American birdseed ingredient markets were generally easier in limited trading interest during the past week.
A more pessimistic attitude toward other commodities was not helpful, with some traders looking for further bearish surprises in Tuesday's USDA supply and demand forecasts.
Last month, the USDA found a surprising quantity of unsold corn in the United States. Some traders expect the coming report to deliver an equally bearish shock to wheat markets.
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