MarketsFarm — The earthquake that devastated parts of Turkey and Syria on Monday last week, taking the lives of more than 40,000 people, may not have a major effect on pulse markets, according to one analyst. Jon Driedger from Leftfield Commodity Research in Winnipeg said that while natural disasters like an earthquake can take on […] Read more
Pulse weekly outlook: Earthquake to have little effect on pulse markets
Such disasters don't often blow back on agrifood commodity costs
Pulse weekly outlook: Chickpea stocks down; lentils, dry peas up
Chickpea prices unchanged before report
MarketsFarm — Statistics Canada on Tuesday tallied up increases in commercial and on-farm stocks of both lentils and dry peas, in its report on grain stocks as of Dec. 31, 2022. Unlike those two pulses, however, StatCan reported total stocks of chickpeas decreased, at 185,000 tonnes in December 2022 compared to 311,000 in December 2021. […] Read more
Pulse weekly outlook: India looking for lentils, large Australian crop in play
India extends zero-rate tariff
MarketsFarm — An extension of zero-rate tariffs on lentils moving into India for another year should be a clear sign that the country is in the market for imports. However, Canadian lentil sales to India face stiff competition, with a large Australian crop likely to limit movement going forward. India announced at the end of […] Read more
Pulse weekly outlook: Chickpea prices up ahead of India harvest
Early outlook calls for more Canadian acres in 2023
MarketsFarm — Western Canadian chickpea prices are still on the rise while prices for other pulse crops are coming down as supply increases. High-delivered bids for Kabuli and B-90 types of chickpeas rose four cents per pound over the past week, according to Prairie Ag Hotwire on Jan. 23. As a result, the nine- and […] Read more
Pulse weekly outlook: New Year’s pressure drags on North Dakota peas
Pea prices relatively higher north of border
MarketsFarm — Pea prices in North Dakota have been feeling pressure from the New Year, according to Landon Lechler of Beach Co-operative at Beach, N.D., about 360 km south of Weyburn, Sask. Besides the turning of the calendar New Year, Lechler said the upcoming Chinese New Year has slowed export demand for yellow and green […] Read more
Pulse weekly outlook: New-crop green lentil bids in line with year ago
MarketsFarm — New-crop lentil bids are starting to become available in Western Canada, with early pricing indications for green lentils not that far off the levels seen at the same time a year ago. New-crop pricing for large green lentils delivered to the elevator in the fall of 2023 can currently be found in the […] Read more
Pulse weekly outlook: 2022 a ‘good year’ for Manitoba pulses, soy
MarketsFarm — Despite a rough start to southern Manitoba’s growing season, Manitoba Pulse and Soybean Growers executive director Daryl Domitruk was content with how 2022 came to pass. “For pulses and soybeans, it was generally a good year as a result of some very good yields in soybeans and some quite good yields in dry […] Read more
Pulse weekly outlook: Tightening Canadian lentil stocks expected
Pea ending stocks more comfortable
MarketsFarm — Carryout stocks of Canadian lentils could tighten to their smallest level in seven years by the end of the current 2022-23 marketing year, according to updated supply/demand estimates from Agriculture and Agri-Food Canada. While lentil production of 2.3 million tonnes was up by 44 per cent from the drought-stricken 2021-22 crop, expectations for […] Read more
Pulse weekly outlook: Pea prices hold steady in weak market
Values expected to soften in new year
MarketsFarm — Prices for green and yellow peas in Western Canada have remained quite steady over the last week, largely due to the lack of demand, according to Darwin Hamilton of Kalshea Commodities in Winnipeg. “North American peas are more expensive than the peas coming out of Eastern Europe. A lot of that product is […] Read more
Pulse weekly outlook: Smaller-than-expected lentil crop may limit exports
MarketsFarm — Smaller-than-expected Canadian lentil production in 2022-23 could limit the country’s export potential going forward, according to an official with Pulse Canada reacting to the latest production estimates. The report from Statistics Canada (StatCan) released Friday contains the first survey-based production estimates of the 2022-23 marketing year, while previous ones used satellite imagery. Most […] Read more
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