Canaryseed Stocks Appear Higher

PANAMA - May 15/20 - SNS -- Birdseed ingredient markets finished the week's trading on a somewhat mixed note, with offers from growers generally in line with the needs of processors and exporters.

Canadian canaryseed was unchanged in both spot and deferred shipping positions, with processors and exporters still uncertain about whether farmers have finally moved all their inventory from previous years.

It is important to recall that Canada's harvest did not get underway until the last week of August, suggesting only old crop product was exported in August and may have accounted for up to 75% of September's export clearances.