STAT Communications Ag Market News

AgCanada Sees Higher Ending Stocks

PANAMA - Nov 18/16 - SNS -- In its latest monthly review of Canadian mustard seed Agriculture Canada's market analysis branch in Winnipeg reports mustard seed production this year will total 234,000 MT from 212,000 hectares, compared to 123,000 MT from 140,000 hectares last year.

Agriculture Canada forecasts exports will reach 115,000 MT in 2016-17, compared to 113,000 MT last season. Domestic use is forecast at 44,000 MT in the coming marketing year, versus 42,000 last season.

Season ending stocks are estimated to have finished the 2015-16 marketing year at 5,000 MT, versus 35,000 the previous season. Agriculture Canada thinks the coming marketing year could finish with 90,000 MT of mustard seed on hand, up from its previous forecast.

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