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Canada canary seed market news on June 2
2020 / 07 / 02

The canary seed market is still holding up pretty strong in recent weeks with bids at 27 to 28 cents/lb picked up on yard still available for summer timelines. New crop prices on canary are 25 to 26 cents on farm with act of God for Sept-Dec movement period. Historically, these are strong-ish spot and new crop values. We are seeing some sellers take advantage of these bids while the iron is hot, so to speak, as the canary market can be a very tough sell when said iron has gone cold. The seeded acreage report shows that canary acres are pretty much sideways from recent years at a projected 268,000 ac, slightly down from May’s 276,000. Seeded canary was 269,000 in 2018 and 243,000 in 2019 so you get the idea, sideways.

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