Firm Undertone At Week's End
PANAMA - Oct 10/15 - SNS -- North American birdseed ingredient markets finished the week's trading on a moderately firmer note, helped by friendly crop production estimates from the USDA.
Though output of all classes of sunflower is up 31% over last year at a forecast 2.91 billion pounds, numbers for soybeans and corn were lower than expected.
Discussing the market conditions, the U.S. based National Sunflower Association said, "The October yield forecast, at a record high 1,629 pounds per acre, is 160 pounds higher than last year's yield. Higher yields are expected in four of the nine states included in the report with an increase in average yields of 110 to 250 pounds per acre versus last year.
"The increased production will help meet the growing demand for sunflower oil, confection seeds and kernel. Harvest of the U.S. sunflower crop has just gotten started. Initial yield reports are comparable to the USDA projected yields and quality has been excellent. Most of the U.S. sunflower crop is rated in the good to excellent categories so yields and quality are expected to be above average."
Only active subscribers can read all of this article.
If you are a subscriber, please log into the website.
If you are not a subscriber, click here to subscribe to this edition of the STAT website and to learn more about becoming a subscriber.
