STAT Communications Ag Market News

Birdseeds Show Underlying Strength

PANAMA - Nov 8/19 - SNS -- North American birdseed ingredient markets were generally firmer during the past week despite a seasonal slowing in trading activity.

White proso millet markets extended their recent gains in both dealer and grower markets. By contrast, Canadian canaryseed eased slightly as offers from growers moved ahead of the short term needs of the market.

Confection sunflower was unchanged, while oil type sunflower posted gains in most states. Significant harvest delays is adding fundamental supply pressure to spot markets. As the week started, 32% of the U.S. crop was in the bin, compared to the recent five year average of 62%.

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