Little Change in Birdseeds
PANAMA - Feb 12/17 - SNS -- North American birdseed ingredient markets finished the week with few changes against seasonally light demand.
Commenting on markets, the U.S. based National Sunflower Association (NSA) noted "New crop sunflower prices are out at the crush plants with cash and Act of God (AOG) contracts available.
"Something else to consider is the oil premiums that crush plants pay on sunflower. Sunflower is the only oilseed that pays premiums for oil content above 40%. Considering oil premiums that are offered at the crush plants on oil content above 40% at a rate of 2% price premium for each 1% of oil above 40%; this pushes a contract with 45% oil content gross return 10% higher per cwt."
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