GFM Network News

Chickpea market quiet amid large global supplies

Post-harvest movement of Prairie chickpeas are reported to be slow, as ample supplies of the product around the world have led to weak prices. “It’s a very quiet market as demand is slow,” said Bobby Leavins, operations manager for Rayglen Commodities in Saskatoon. “We just haven’t moved very many chickpeas at all out of Canada.

Green peas unlikely to remain up at $12

Western Canadian green peas have been valued at $12 per bushel or higher for over a month now, but Shawn Madsen says he’s unsure if the strength seen in prices will continue into the winter. “The trade generally thinks this is pretty expensive on green peas,” said Madsen, operations manager for Southland Pulse in Estevan,

FDA’s trans fat ban could boost demand for non-soybean oils

The U.S. Food and Drug Administration (FDA) announcement Nov. 7 that it plans to phase out the use of trans fat in processed foods could cause demand for soyoil to drop in coming years, opening the door for other edible oil markets. “The announcement was really a surprise,” Dave Lehman, managing director of commodity research

Oat prices boosted by logistical issues

Western Canadian oats have seen a bump in value over the past few weeks, as logistical issues across the Prairies have been bullish for prices. “It’s been pretty volatile,” said Ryan McKnight, grain merchant for Linear Grain at Carman, Man. “Prices strengthened over the last couple of weeks, because there’s not a lot of oats

Lentil prices remain competitive for Western growers

A large crop and competitive prices for Western Canadian lentils has many Prairie growers optimistic as they begin the market their crop over the next 10 months, said Bobby Leavins, operations manager for Rayglen Commodities in Saskatoon, Sask. According to Statistics Canada, Western Canada’s lentil production is pegged at 1.709 million tonnes, which would make