Pulse weekly outlook: Fababeans staying on field

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MarketsFarm — As other crops make their way into the bin, fababeans across the Prairies are lagging behind.

“They’re further behind this year because they were later going in,” said Dale McManus, a broker with Johnston Grains at Welwyn, Sask.

Saskatchewan grows over half of Canada’s fababeans, and most are grown around the Yorkton area, where wet weather delayed spring planting. Of the 99,000 acres of fababeans seeded across Canada, Saskatchewan grows about 56,000.

Fababean prices have remained between $7 and $8 per bushel, and prices are staying largely steady due to the lack of harvest pressure.

According to the most recent crop report from the government of Saskatchewan, most crops across the province received a hard frost earlier in the week, which could damage late-maturing crops, though the extent of damage to the fababean crop is not yet known.

— Marlo Glass reports for MarketsFarm from Winnipeg.

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