Canaryseed
The outlook for canaryseed has not changed from the poor prospects predicted this spring, according to Stat Publishing.
There will be about twice as much canaryseed in Canada as there are markets for the pet food.
Farmers have planted enough acres to grow about 172,000 tonnes, slightly more than Canada’s record yearly export of 169,000 tonnes.
And they have 168,000 tonnes left over from last year’s crop.
Mustard
Farmers in the United States significantly cut their mustard acreage, so sales to the United States may rise this year, Stat Publishing said.
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The oat crop looks promising and that’s a good thing because demand is strong.
But oil-type mustard prices will suffer because of massive world stocks of vegetable oil and oilseeds.
Canada has some potential for building stocks with the healthy acreage planted this spring.
Sunflower seed
Agriculture Canada said harvested area is forecast to increase by nearly 30 percent. Production is forecast to increase by 15 percent to 130,000 tonnes, with about 55 percent oil type and 45 percent confectionery type.
Supplies are forecast to increase by 25 percent. Despite increased exports and domestic use, carry-out stocks are forecast to increase to burdensome levels.
The U.S. Department of Agriculture is forecasting an eight percent decrease in the U.S. oil-type harvested area and a 47 percent increase in the confectionery-type harvested area.
Increased total sunflower production in Canada and the U.S. is expected to pressure prices, especially for the confectionery type.
The weighted average price of both types is forecast to decrease by about 15 percent and the average premium for the confectionery types is expected to decrease from about $170 per tonne in 1998-99 to $70 a tonne in 1999-00.
Buckwheat
Agriculture Canada said harvested area and production are forecast to be similar to 1998-99. Exports are not expected to increase significantly due to limited supply. The average price is also forecast to remain similar to 1998-99.
