STAT Communications Ag Market News

Spot Mustard Firms

PANAMA - Apr 2/21 - SNS -- Mustard seed markets finished the week's trading on a firmer note against worries about seeded area in Canada and parts of the United States and the potential impact dry conditions could have on the final seeded area.

While prices offered to farmers for brown and oriental were unchanged on the week, yellow advanced 2% with bids ranging up to CDN 45 cents per pound for farmers dressed No 1 Canada product delivered processing plants.

The spread between the average spot and new crop bid for No 1 grade yellow ended the week with new crop at a 0.75 cent per pound discount to spot, while the spread between the best bids stood at three cents per pound.

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