Birdseeds Mostly Steady

PANAMA - May 22/20 - SNS -- North American birdseed ingredient markets were unchanged to slightly firmer in light inter dealer and export trading activity.

The absence of grower selling pressure because they are busy planting this year's crops has helped stabilize most markets. As of May 18, 47% of Canada's intended area was in the ground, compared to 74% last year and the recent five year average of 71%.

At the same time, the absence of selling pressure from processors and exporters suggests inventories are closely aligned with the short term needs of the market.