By Commodity News Service Canada
Winnipeg, June 23 (CNS Canada) – Canada exported 45,500 tonnes of peas during the week ended June 18, taking the year-to-date total to 3.28 million, according to the latest Canadian Grain Commission weekly report. The exports are running about a million tonnes ahead of the previous year’s pace.
Lentil exports during the week came in at 36,900 tonnes, bringing the year-to-date total to 836,300 tonnes, according to the CGC report.
Statistics Canada releases its updated acreage estimates on June 29, and pulse crops are expected to take a hit on the year after dealing with disease and lower prices for the 2016 crop. Pre-report estimates for peas range from 3.8 million to 4.2 million, which would compare with the 4.2 million acres seeded in 2016. Lentil area is forecast at anywhere from 4.0 million to 5.0 million, with most analysts leaning to the low end of that range. Canadian farmers seeded a record 5.86 million acres of lentils in 2016.
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Top end large green lentil bids have softened over the week, with number 2 Lairds currently topping out at about 40 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 19 to 26.5 cents per pound, with new crop prices also topping out at 25 cents.
Top-end green pea bids range from C$8.00 to C$8.75 per bushel in Western Canada, while yellow peas range from C$7.00 to C$9.75 per bushel. New crop pea prices top out at C$8.50 for green peas and C$8.25 for yellows.
Large calibre (10mm) kabuli chickpeas are currently seeing prices as high as 70 cents per pound in some cases, with new crop pricing as high as 53 cents per pound (9mm).
