STAT Communications Ag Market News

Mustard Holds Steady

PANAMA - Mar 26/21 - SNS -- North American mustard seed markets were virtually unchanged on the week, with prices offered to growers in Canada unchanged, though easing slightly in U.S. dollar terms because of softness in the Canadian dollar.

Markets do not appear as worried about seeding conditions as other grains and pulses, though new crop bids remain strong as processors and exporters try to ensure enough of the crop is sown to cover prospective needs in the 2021-22 marketing year.

Large parts of central and eastern Saskatchewan finished the 2020 growing season with below normal topsoil moisture reserves. This makes the region highly dependent on timely rainfalls around the time crops will be planted and during the growing season.

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