STAT Communications Ag Market News

Skepticism Over Canaryseed Estimates

PANAMA - Aug 31/18 - SNS -- North American birdseed ingredient markets were little changed, despite an apparently bullish canaryseed production estimate from Statistics Canada.

Markets remain doubtful that seeded area was significantly changed from last year, but are concerned by official and unofficial forecasts of lower average yields than in 2017.

Statistics Canada pegged that crop at 110,800 metric tons (MT), with farmers indicating yields would drop 30 pounds per acre from last year to 1,152. Yield estimates developed by Saskatchewan Agriculture after 12% of the crop was harvested are lower at 1,111 pounds per seeded acre.

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