MarketsFarm — Green and yellow pea seeding is well underway across the Prairies, causing new-crop prices to slide marginally while spot prices hold firm. As Dale McManus, a broker with Johnston Grain at Welwyn, Sask., explained, seeded acres and new crop prices have an inverse relationship: as seeded acres rise, new crop prices fall. Producers […] Read more
Pulse weekly outlook: Planted green, yellow peas lower prices
Pulse weekly outlook: Benchmark report out for fababeans, feed peas
MarketsFarm — Alberta Pulse Growers on Monday released Feed Benchmark Bi-Weekly Reports, providing “a consistent and unbiased estimate of the feeding value of low-tannin fababeans and feed peas” in central Alberta, central Saskatchewan and southern Manitoba. Comparing fababean and feed pea prices to other feed grains, the report stated, “Grains are softening further on the […] Read more
Pulse weekly outlook: Yellow, green pea prices vary ahead of seeding
MarketsFarm — India’s tariffs on Canadian pulses hit green and yellow peas particularly hard over the past year — and the market is still hurting as producers plan acres for 2019. Since yellow pea exports dropped significantly in the middle of the year, “there’s going to be a lot of carryover in yellow peas for […] Read more
Pulse weekly outlook: Green pea premium to erode with acreage increase
MarketsFarm — Green peas continue to command a sizeable premium over their yellow counterparts in Western Canada, which should see acreage shift this spring and an eventual rebalancing of the price spread. Green peas usually trade at a premium to yellow peas due to higher quality specs and concerns over bleaching, but the current price […] Read more
Field pea pioneer wins innovator award
Reading Time: 2 minutes A pioneer who helped build the field pea industry in the St. Paul area is this year’s winner of the Alberta Pulse Industry Innovator Award. Kirsty Ross (Piquette) was a provincial district agriculturist in the mid-1980s when she started to look for another option to add to the area’s crops and generate more cash flow […] Read more
Unregistered peas, lentils to be demoted
Any unregistered varieties of lentils or peas harvested in Canada this fall or later will be graded No. 3 Canada at best. The Canadian Grain Commission on Wednesday announced only registered varieties of peas and lentils will be eligible for the No. 1 Canada grade effective Aug. 1 this year. Deliveries of registered and unregistered […] Read more
Pulse weekly outlook: Market depends on India’s fortunes
CNS Canada — When it comes to Canadian pulse crops, David Newman of Commodious Trading says producers, speculators and processors are long — and that has been of great concern to him. “You have everybody wanting to sell and you better hope that there’s someone there to take all of it,” he said. The wildcard […] Read more
Pulse weekly outlook: India seen becoming a pulse buyer again
CNS Canada — After a year that saw India drop off the map as a pulse importer, some industry officials expect we could soon see India re-enter the market. “Seeding is going down, the monsoons are weak. So definitely they will need to import. I see that in the next few months we will start […] Read more
Construction resumes at Portage pea plant
CNS Canada – More than a year after the ground breaking ceremony was held for Roquette’s pea-processing plant at Portage la Prairie, Man., construction resumed on it at the end of October. According to a company spokesperson construction was halted last spring “to adjust and fine tune the project.” ”We took the opportunity to include […] Read more
Producers may not give peas a chance next year
Lentil acreage may also decline as India’s tariffs and tough growing conditions take a toll
Reading Time: 4 minutes Some Alberta producers could become former pulse growers next year if the markets don’t turn around soon. “It’s the third year in a row that they’ve been at the bottom of the net income,” said Josh Fankhauser, who farms near Claresholm. “The math just doesn’t work.” Yellow peas have been part of Fankhauser’s rotation for […] Read more
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