Little Change in Birdseeds
PANAMA - Sep 29/17 - SNS -- Birdseed ingredient markets were little changed in relatively light trade during the past week.
Updated ending stock estimates from the USDA suggest available supplies of sunflower and safflower will be significantly lower this year, suggesting residual supplies will be further reduced by the end of the 2017-18 marketing campaign.
The first estimates of this year's sunflower crop will be released on October 12. Markets expect to see a steep reduction in total output from 1.2 million MT to around 846,000.