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Canada has far fewer green peas than the government is reporting, says an analyst. “Purely from a price perspective, markets believe the Canadian harvest was smaller than estimated by Statistics Canada,” Stat Publishing noted in a recent article.

Lentil prices in Western Canada have seen a sharp decline over the past month, but weather events could provide a bit of a boost.

Lentil prices on the Canadian Prairies eased back during the week ended July 28, said Levon Sargsyan, broker with Johnston’s Grain. Sargsyan noted that’s due to the recent rains that brought relief to some of the dry areas of the region.

As pulse crops across the country continue to develop, Agriculture and Agri-Food Canada updated its estimates for dry peas and lentils. AAFC issued its July supply and demand report on July 21.

Canadian pea exports were up in April, with China the largest destination despite new trade barriers, according to the latest Statistics Canada data.

Dry beans and field peas are in good shape so far in 2025, said Daryl Domitruk, executive director for Manitoba Pulse and Soybean Growers.

Chicago Board of Trade front and back-month corn futures notched lifetime lows on Wednesday on expectations of a hefty Brazilian corn crop and a lack of weather threats for the large U.S. corn crop that has recently been seeded, traders said.

Chicago cattle futures dropped sharply on Friday while hogs ended the day mixed.

The onset of India’s annual southwest monsoon is expected over the next four-to-five days, which would make for the earliest start of the rainy season since 2009 and sets the stage for good crop production going forward.