By Commodity News Service Canada
Winnipeg, May 26 (CNS Canada) – Visible pea supplies in the Canadian commercial pipeline narrowed in to their tightest level of the 2016/17 crop-year-to-date, at 149,900 tonnes, according to the latest weekly Canadian Grain Commission report. That compares with the 5-week average of 230,000 tonnes.
In a report out earlier in the week, Agriculture and Agri-Food Canada lowered its total (on-farm and commercial) 2016/17 ending stocks forecast for peas to 325,000 tonnes, from 875,000 in April. While below earlier estimates, it would still be up from the 176,000 tonnes carryout reported in 2015/16.
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Canada exported 25,500 tonnes of peas during the week ended May 21, according to the CGC. Total pea exports during the crop-year-to-date, of 3.16 million tonnes, compare with only 2.19 million at the same point the previous year.
Canadian lentil exports during the week of 39,600 tonnes brought the year-to-date total to 767,300 tonnes, which is about 160,000 tonnes ahead of the previous year’s pace.
Top end large green lentil bids are holding relatively firm in Western Canada, with number 2 Lairds currently topping out at about 48 cents per pound, according to Prairie Ag Hotwire data. New crop bids, meanwhile, range from about 31 to 39 cents per pound.
Red lentil bids range from about 23 to 27 cents per pound, with new crop prices also topping out at 25 cents.
Top-end green pea bids range from C$7.80 to C$8.50 per bushel in Western Canada, while yellow peas range from C$7.94 to C$9.60 per bushel.
Large calibre (10mm) kabuli chickpeas are currently seeing prices as high as 70 cents per pound in some cases, although a lack of supplies may limit any actual movement.
