Hopeful Demand Signals in Mustard
PANAMA - Jun 18/21 - SNS -- North American mustard seed markets finished the week on a firmer note, with markets doubting there will be significant changes in seeded areas in reports due at the end of the month.
Both Statistics Canada and the USDA will release this year's seeded area estimates for many crops. Markets do not expect major changes in Canada and some participants expect area in the United States to decline because of poor conditions during seeding.
At the same time, there is hope demand will improve because of the reopening of sporting venues as the proportion of the North American population which has been vaccinated against the COVID-19 coronavirus rises.
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