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Pulses: US bean dealers predict smaller crop

Reading Time: 2 minutes

Published: July 31, 2017

By Commodity News Service Canada

Winnipeg, July 31 (CNS Canada) – US dry bean acreage likely ended up below the official USDA number in 2017, according to the North Central Bean Dealers Association. The dealers estimate total edible bean acreage at 1.559 million acres, which is down from the USDA’s 1.823 million acre estimate. Total production is forecast at 26.8 million hundredweight, which would be down by seven per cent on the year.

US pinto bean production is forecast to be up by 25 per cent, at 12 million hundredweight. However, black beans will be down 12 per cent, at 3.8 million hundredweight, while navy beans will lose five per cent to come in at 3.3 million hundredweight. Kidney bean production is also forecast to be lower on the year.

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Canada exported only 100 tonnes of peas and no lentils during the week ended July 23, according to the latest Canadian Grain Commission weekly report, marking the third-straight week of minimal pulse exports as old crop business winds down and attention turns to the new crop.

Total exports of both crops are still running well ahead of the previous year’s pace with only one week left in the 2016/17 marketing year.

Number 2 large green laird lentils are currently topping out at about 45 cents per pound, according to Prairie Ag Hotwire data. New crop bids, meanwhile, range from about 33 to 40 cents per pound.

Red lentil bids range from about 20 to 26 cents per pound, with new crop prices topping out at 25 cents.

Top-end green pea bids range from C$7.80 to C$8.50 per bushel in Western Canada, while yellow peas range from C$7.00 to C$8.25 per bushel. New crop pea prices top out at C$8.50 for both green and yellow peas.

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).

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