Strong Finish in Birdseeds
PANAMA - Sep 20/19 - SNS -- Birdseed ingredient markets finished the week's trading on a firm note against worries about the potential size of Canada's canaryseed crop.
The pace of the overall harvest is also having an impact on market psychology. The week started with 21% of this year's canaryseed crop in the bin, down from 27% at the same time last year.
If growers were able to harvest all fields which were ready, around a third of the crop could be in the bin, similar to last year but just behind the recent average of 37% harvested the third week of September. It is important to recall that canaryseed is often one of the last fields harvested because quality is generally unaffected by weather conditions.