STAT Communications Ag Market News

Canaryseed Prices Seen Drifting Lower

PANAMA - Oct 7/16 - SNS -- North American birdseed ingredient markets finished the week's trading unchanged to easier against improving availability of new crop sunflower and canaryseed.

The issues was most evident in sunflower seed markets, with off combine deliveries causing nearby sunflower prices to decline, notes the U.S. based National Sunflower Association.

"Harvest is cranking up and producers have been very active sellers in the past two weeks. Initial yield reports continue to be very positive and quality is generally very good," the association said.

"Sunflower harvest started sooner this year as many acres were desiccated. With most of the US crop rated in the good to excellent categories, yields and quality are expected to be above average."

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