MarketsFarm — Following the latest supply and demand estimates from Agriculture and Agri-Food Canada (AAFC), MarketsFarm Pro analyst Mike Jubinville said their numbers “all seem reasonable enough.”
There were only a handful of small tweaks to pulses in the AAFC report released Friday. For the most part, the revisions came with dry beans and chickpeas.
Jubinville noted the upside in dry peas was limited, with the best payers still in the domestic premium food users. China is still a difficult market to get in, he said, with that country preferring to buy from Russia. Also, he said Australia is projected to have 100,000 to 200,000 tonnes of peas available for export.
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Australia also factors in when it comes to lentils, with its largest crop of reds, which could bite into Canadian exports. In turn, Jubinville said he expects planted lentil acres to be down this spring on the Prairies. AAFC projected a decline, from 4.32 million acres in 2022-23 to 4.27 million in 2023-24.
With little time to digest the AAFC report, Prairie Ag Hotwire reported lentil prices remained steady for nearly all varieties and sizes. Lairds held at 33-50 cents/lb. delivered, as did Eston No. 1s at 45-47 cents/lb. Richleas were firm at 33-49 cents/lb. and Crimsons were steady at 23-32 cents/lb.
Peas were unchanged as well, with greens at $12.50-$14.10 per bushel delivered. But there was movement either way when it came to feed prices. Those in Alberta gained $1.09/bu. at $12.40-$13.61, while Saskatchewan saw a dip of five cents at $11.50-$12.65. For Manitoba, Prairie Ag Hotwire only had a freight on board price of $10-$11.50/bu.
Dry beans remained unchanged on the week in all varieties. That included pintos at 47-49.5 cents/lb., white navy at 48-50.5, and small reds at 52.5-55.
Chickpeas were lowered on the week, with Kabulis of all sizes losing four to five cents at 34-50.5 cents/lb. delivered. B-90 No. 1s were also down four cents at 34-36 cents/lb. Desi No. 1s were unchanged at 30-35 cents/lb.
— Glen Hallick reports for MarketsFarm from Winnipeg.
