Few Changes in Birdseeds
PANAMA - Mar 25/16 - SNS -- Birdseed ingredient markets finished the week's trading little changed with demand closely matching offers from growers.
Looking at the situation, the U.S. based National Sunflower Association (NSA), noted, "On Thursday, USDA will release its March 1 stocks and US 2016 planted acres by crop reports. Industry members are expecting oil sunflower acres to show an increase from 2015. Confection sunflower acres are expected to be lower than last year.
"Most private firms look for corn acres to increase slightly, soybeans to be about the same with wheat acres down from last year."
The association added, "The terrorist bombings in Belgium and its effect on outside markets has also affected the commodity markets. The events in Belgium has led traders to look for safer havens with many looking to the US dollar and financial markets. This has resulted in a strengthening of the dollar making US commodities less competitive in the export market."
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