STAT Communications Ag Market News

Firming Tone in Birdseeds

PANAMA - Feb 5/16 - SNS -- Birdseed ingredient markets finished the week's trading on a modestly firmer tone.

Strength in sunflower markets offset the lack of change in Canadian canaryseed and U.S, white proso millet seed markets.

The U.S. based National Sunflower Association notes that "old crop sunflower prices continue to move higher. For the week old crop prices gained 10 to 15 cents while new crop was mixed at down 10 to up 35 cents at the crush plants."

The association added, "Sunflower prices are being supported by CBoT soyoil which continues to gain on soymeal with support coming from higher palm oil prices. Vegetable oil markets have trended higher on expectations for falling production of palm oil due to El Nino. Otherwise it is quiet in terms of market moving news.

"Some traders think prices have likely bottomed, and will do little until producers start planting the 2016 crop this spring."

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