Few Changes in Birdseeds
PANAMA - Jan 22/16 - SNS -- Birdseed ingredient markets were little changed with offers from growers remaining in line with the short term needs of markets.
Markets are not helped by a lackluster performance by grains and oilseeds. This was evident in oil-type sunflower seed markets.
The U.S.-based National Sunflower Association noted, "Oilseed prices have mainly been on the defensive to start the year. Traders fear that U.S. exports will likely be hampered by a strong U.S. dollar. This could lead to a building of already large domestic stockpiles as farmers prepare to plant another crop.
"Unless there are production issues during the growing season this could lead to downward price pressure on new crop prices. Current weather in South America is conducive for crop production. February is the critical development month for oilseeds in South America so there is still time for a shift in production prospects. In general, the market will probably trade sideways until there is a something to break the current trading trend."
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