Modest Firmness in Mustard



PANAMA - Jul 24/20 - SNS -- North American mustard seed markets maintained their quiet tone through the past week, with prices unchanged to moderately firmer in both old and new crop shipping positions.

While spot oriental and yellow mustard seed bids to growers were unchanged on the week, brown posted a moderate advance in limited short covering activity in old crop markets and a possible effort to accumulate stocks in advance of the coming harvest.

Markets will be paying close attention to the August 31 crop production estimates from Statistics Canada to see if seeded area is adjusted upward, as well as the September 4 stocks in all positions report to get a third hand opinion of this season's residual stocks.