By Dave Sims, Commodity News Service Canada
Winnipeg, May 24 – Following are a few highlights in the Canadian and world pulse markets on Tuesday, May 24.
– As many as 10% of expected soybean acres in India could be swapped out in favour of pulse crops, according to reports out of the country.
– The private forecasting agency Skymet predicted India’s June monsoon rainfall would see amounts that are 87% average, while in July that number was expected to hit 108% average amount.
– Fluctuations in the price of chickpeas and dry conditions have prompted a slowdown in forward selling among Australian farmers, according to a report in theland.com. Growers say they’re hesitant to take out forward contracts until they’re absolutely certain of a chickpea harvest.
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– The designation of 2016 as International Year of the Pulses has raised more interest in growing chickpeas in the US Northwest, according to a report by NPR. One grower credits the country’s rising appetite for hummus as fueling the surge while another credits interest in gluten-free foods.
– Yellow peas are attracting prices of C$11.50-13.40 (Canadian) per bushel at elevators across Western Canada. The same peas are going for C$8.87-16.10 (Canadian) per bushel in North Dakota, and C$9.46-10.25 (Canadian) per bushel in Washington/Idaho.
