Old Crop Premiums in Last Weeks
PANAMA - Jul 19/19 - SNS -- Field pea markets finished the week's trading on a relatively quiet note, with new crop discounted to old in both grower and export markets.
Once the harvest begins, old and new crop prices will come together because buyer's will not see the need to pay a premium for spot shipments of old crop peas.
Crop conditions in Canada have been steadily improving in recent weeks. Between July 1 and 18, the proportion rated in good to excellent condition advanced from 50% to 58%, while the proportion rated in poor to very poor condition dropped from 11% to just 3%.
Little Change in Birdseeds
PANAMA - Jul 19/19 - SNS -- North American birdseed ingredient markets were little changed under relatively light summer trading conditions.
Processors and exporters are cautiously optimistic about yield prospects in Saskatchewan, the dominant producing area for the crop in Canada.
Between July 1 and 18, Saskatchewan Agriculture reports crops improved somewhat. The proportion of the crop rated poor to very poor was rose from 10% to 14%, but the proportion rated fair fell from 75% to 50% and the proportion rated in good to excellent condition rose from 15% to 40%.
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PANAMA - Jul 19/19 - SNS -- International leentil markets closed the week on a mixed note, with Canadian…