STAT Communications Ag Market News

Little Change in Birdseeds

PANAMA - Apr 9/16 - SNS -- North American birdseed ingredient markets were little changed in seasonally light trading activity during the past week.

Markets were surprised by the USDA seeding intentions report,which predicted sunflower acres would go the exact opposite to what traders thought.

The U.S. based National Sunflower Association noted that "most average guesses had oil acres increasing by 10% from 2015. USDA pegged the area intended for oil type varieties down 7% from 2015 (at 1.44 million acres). The area intended for non-oil varieties was about in line with industry expectations (at 249,000 acres)."

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