STAT Communications Ag Market News

Mixed Finish in Birdseeds

PANAMA - Jun 4/21 - SNS -- Birdseed ingredient markets posted a mixed finish on the week, with markets for some products starting to pay more attention to new crop production prospects and worrying old crop values will not carry forward.

This is less of a concern for canaryseed markets. Unless there are a major surprises in the seeded area reports due at the end of the month for both Canada and the United States, doubts about the supply fundamentals will persist.

Seeding of the Canadian crop likely wrapped up during the past week, with markets becoming more focussed on ongoing crop condition reports. The week started with 8% of Saskatchewan's crop rated in excellent conditions, 62% good and the remaining 30% in fair condition.

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