USDA National Sunflower Market Summary
MINNEAPOLIS - Apr 23/15 - SNS -- The USDA's weekly national sunflower seed market review was released today. The report covers the period ending Apr and covers U.S. seed, oil and meal markets for regular and mid-oleic acid sunflower seed.
National Sunflower Summary
Seeding Intentions A Bullish Surprise
VANCOUVER - Apr 23/15 - SNS -- Pulse and specialty crop markets were shocked by Statistics Canada's seeding intentions estimates for this year. Instead of saying they planned to massively increase area, they intend to emphasize grains and reduce area in the category 3.4% to 5.375 million acres.
Farmers say they intend to seed 8% more lentils and just 1% more peas. Both increases fall far short of industry expectations. Markets expected land in lentils to jump at least 16% and land in peas to be up at least 6%.
At the recent CICILS conference in Las Vegas, Canada's pulse trade talked about much bigger increases, saying they expect land in both crops to set new records this year. Instead, if farmers stick with their intentions, this year's seeded area for peas and lentils will be the second largest in history.
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