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Pulses: USDA buys canned beans

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Published: May 20, 2016

By Commodity News Service Canada

Winnipeg, May 20 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Friday, May 20.

– Canada exported 16,900 tonnes of peas and 100 tonnes of lentils during the week ended May 15, according to the latest data from the Canadian Grain Commission.

– Cool and wet conditions have hampered dry bean seedings in Ontario and Michigan, although planting usually doesn’t begin until the end of May, according to a report from Thompsons Limited. Edible bean seeding is set to begin in Manitoba, while seeding progress in North Dakota and Minnesota is already ahead of average. Dry beans in those two states have not yet emerged, so were spared any frost damage in the past week, but fields are looking dry, according to the report.

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– The USDA bought over 309,000 cases of canned beans worth over US$3 million for the country’s child nutrition program and other food assistance programs.

– Top end green pea prices are starting to back off, with prices in the C$9.00 to C$9.80 per bushel range being reported in Western Canada. Meanwhile, top end yellow peas are going for as much as C$13.40 per bushel in some locations. Red lentil bids of 50 cents per pound are now being reported in some locations. Meanwhile, number two large green lentils are still hitting prices as high as 75 cents, but number ones have moved off their 80 cent highs to top out at 79 cents per pound at some locations.

– Chickpea prices in Western Canada remain strong, with large caliber Kabuli’s trading as high as 56 cents per pound.

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