Few Changes in Birdseeds
PANAMA - Jan 22/17 - SNS -- North American birdseed ingredient markets finished the week little changed against seasonally light demand.
Commenting on markets, the U.S. based National Sunflower Association (NSA) said the USDA production estumates were "within the trades' expectations. Total production was 2.65 billion pounds, down 9% from 2015 but up 8% from the October forecast.
"US production of oil-type sunflower varieties, at 2.37 billion pounds, decreased less than 1% from 2015. Production of non-oil sunflower varieties was estimated at 286 million pounds, a decrease of 47% from last year.
"The market now has a figure to work from when determining needs for 2017 acres. Some crushers and processors are out with 2017 oil-type and confection contracts. The remaining companies should be out with new crop prices soon now that the 2016 crop size is known."