Mustard Maintain Firm Tone
PANAMA - Sep 4/20 - SNS -- North American mustard seed markets maintained a firm underlying tone in the face of a steep reduction in available supplies from last year.
The week started with Statistics Canada projecting this year's harvest will total 91,100 metric ton (MT) crop, down from 134,600 last year. At week's end, the federal agency said the carry over from the previous marketing year was 61,000 MT, down from 73,000 a year ago.
Markets continue to expect future reports to show an increase in seeded area over current estimates that farmers planted 256,500 acres of all classes of mustard seed. But, initial reports from harvested fields are worrisome.
Only active subscribers can read all of this article.
If you are a subscriber, please log into the website.
If you are not a subscriber, click here to subscribe to this edition of the STAT website and to learn more about becoming a subscriber.
