Pulses: Ample supplies limit rise in oat prices

By Commodity News Service Canada

Winnipeg, July 7 – Large world supplies of oats are tempering the advances the commodity might otherwise have seen due to the recent heat wave in the Northern US and the Canadian Prairies. Canadian farmers seeded 3.22 million acres of oats this spring, which was up from the 2.83 million seeded the previous year, but about 200,000 acres below earlier expectations, according to Statistics Canada data. Excessive moisture in northern Saskatchewan at seeding time limited some acres. New crop oats are currently priced as high as C$3.10 to C$3.35 per bushel across Western Canada, according to the latest Prairie Ag Hotwire data. That compares with spring wheat prices topping C$9 per bushel in many locations.

Read Also

Pulses: Frost damage reported in Victoria

By Dave Sims, Commodity News Service Canada Winnipeg, January 19 (CNS) – The USDA has raised its production estimates for…

According to the latest crop report by Thompsons, the dry bean crop is currently 91% planted compared to the 99% last year and 82% emerged compared to 93% last year. Crop conditions have receded slightly in Michigan while Minnesota and North Dakota remain relatively unchanged. Manitoba reports good crop conditions thus far while Ontario still challenged with the heavier rains from 2 weeks ago.
Laird number one lentil prices are holding steady, according to the latest information from the Prairie Ag Hotwire. Bids are now listed at 38 to 48 cents per pound.
Kabuli chickpeas (10mm) are also keeping firm at 69 to 70 cents per pound.
Green peas on the Prairies are locked in a range of C$8.00 to C$8.75 per bushel.
Green peas in North Dakota fell one dollar and are now locked in a range of C$7.12 to C$7.45 a bushel.