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Glacier Farm Media – Prices for green and yellow peas across Western Canada have likely hit their peak, according to Darwin Hamilton of Kalshea Commodities Inc. 

With the United States weather forecast calling for rain on April 18 and 21, planting progress could come to a quick stop, said broker Scott Capinegro of AgMarket.net in Chicago.

The demand for lentils has backed off lately due to high prices, said trader Marcos Mosnaim of Prairie IX in Toronto. He said the direction lentils take will largely depends on India.

Yellow pea bids in Western Canada are coming under pressure, while green pea prices hold steady.

Duty-free exemptions for pea and lentil imports into India are set to end over the next few weeks, but a recent extension for pigeon pea imports has led to speculation that the peas and lentils Canada ships to the country could also see their duty-free status extended.

As the deadline for the government of India to further extend its tariff-free period for pea imports expired on Feb. 28, there has yet to be any statement regarding levies on the country's future pea imports.

MarketsFarm -- Pea prices in North Dakota have been feeling pressure from the New Year, according to Landon Lechler of Beach Co-operative at Beach, N.D., about 360 km south of Weyburn, Sask. Besides the turning of the calendar New Year, Lechler said the upcoming Chinese New Year has slowed export demand for yellow and green[...]

MarketsFarm -- As India's pulse harvest continues, indications have been that initial projections might not be met -- which could lead the world's largest producer and consumer of pulses to allow more imports, MarketsFarm Pro analyst Mike Jubinville says. The Indian government expected about 11.5 million tonnes of chickpeas, but the harvest might bring in[...]