By Commodity News Service Canada
Winnipeg, April 21 (CNS Canada) – Canadian farmers intend to seed fewer pea and lentil acres in 2017 compared to the previous year, according to Statistics Canada’s first acreage report of the year, but the area devoted to the two pulse crops should still be the second largest on record.
Lentil area was forecast at 4.385 million acres by StatsCan, which would be down by roughly 1.5 million acres from the 2016 record. Intended pea seedings, at 3.989 million, compare with the record 4.239 million acres seeded in 2016.
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Canadian edible bean acres are also forecast to be down slightly on the year, at 260,000 acres, according to StatsCan. That compares with 277,000 the previous year.
Soybeans, meanwhile, are seeing more and more interest in Manitoba and Saskatchewan. Manitoba soybean acres are forecast at 2.200 million, which would be about 600,000 acres above the previous record set in 2016. Saskatchewan soybean seedings are forecast at 730,000 acres, which would surpass the previous record by about 460,000.
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 22 to 26 cents per pound, with new crop prices also topping out at 24.5 cents.
Top-end pea bids are moving higher, according to the latest Prairie Ag Hotwire data. Green pea bids range from C$7.65 to C$8.75 per bushel in Western Canada, while yellow peas range from C$6.70 to C$9.00 per bushel.
Large calibre (10mm) kabuli chickpeas are currently seeing prices as high as 65 cents per pound in some cases, although a lack of supplies may limit any actual movement.
