Pulse weekly outlook: Green pea bids back off highs

MarketsFarm -- Green pea prices in Western Canada have come off their highs in recent weeks, as end users back away from the market. Top-end green pea bids have lost about a dollar per bushel over the past month, according to Prairie Ag Hotwire data. "A lot of the end users are full now," said[...]

Pulse weekly outlook: Tight Canadian supplies to cut into exports

MarketsFarm -- Canadian pulse supplies during the 2021-22 marketing year will be the tightest of the past decade due to drought during the growing season, with the country likely to be a much smaller player in the international export market for peas, lentils and chickpeas as a result. Statistics Canada pegged the country's 2021-22 pea[...]


Pulse weekly outlook: Markets steady heading into holidays

MarketsFarm -- Pea and lentil markets in Western Canada are holding relatively steady heading into the holiday season, with little movement expected one way or the other until the New Year. "That's normal for this time of year," said Dale McManus of Johnston's Grain at Welwyn, Sask. on the lack of activity and stagnant prices.[...]

Pulse weekly outlook: Peas, lentils see some strength

MarketsFarm -- Canadian pea and lentil markets have shown some post-harvest strength in recent weeks, with good offshore demand providing support. "On the yellow pea side, it's China, and on lentils, it's basically India," Marcos Mosnaim, of Globeways Canada, said of the strength in both markets. Yellow peas are currently trading as high as $7.50[...]


Pulse weekly outlook: Large Canadian crops expected

MarketsFarm -- Canada will have grown a record-large pea crop in 2020 and possibly the second-largest lentil crop ever, according to preliminary estimates from Statistics Canada, released Monday. Using satellite imagery and model-based yield estimates, the government agency pegged the 2020-21 Canadian field pea crop at 4.996 million tonnes. That would be a new record[...]

Pulse weekly outlook: Lentils stabilize with seeding underway

MarketsFarm -- Lentil bids in Western Canada may have come off their recent highs, but prices are still solid and should encourage more seeded area this spring. Increased demand tied to the COVID-19 pandemic gave lentil prices a boost in March, with the largest gains in red lentils which hit highs around the 32 cents/lb.[...]


Pulse weekly outlook: Lack of willing sellers underpins prices

MarketsFarm -- Pea and lentil bids in Western Canada are holding relatively steady for the time being, despite anecdotal reports of increased international demand due to the COVID-19 pandemic, with attention soon shifting to spring seeding. A lack of willing sellers is keeping pulse bids underpinned in Western Canada, according to broker Dale McManus of[...]

Pulse weekly outlook: Lentil exports up on year

MarketsFarm -- Canadian lentil exports are running well ahead of the year-ago level, according to the latest numbers. Canada exported 267,462 tonnes of lentils in March, the second-highest monthly total of the crop year to date and well above the 130,980 tonnes exported during the same month the previous year. The United Arab Emirates was[...]