STAT Communications Ag Market News

Firm Tone in Mustard Seed

PANAMA - May 1/21 - SNS -- Mustard seed markets finished the week on a firm tone, with markets somewhat surprised by the seeding intentions for Canada.

Farmers say they intend to plant 358,100 acres of all classes of mustard, up from 356,400 last year, but below expectations area would reach at least 382,000 acres.

A return to five year average yields would see production advance from 98,800 to 133,000 metric tons (MT), down from the recent five year average of just under 153,000 MT.

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