MarketsFarm — Things remain very quiet in the pulse market with little demand from buyers and producers unwilling to sell, according to Marcos Mosnaim of Mercais Commodities in Toronto. “We are in a situation where we have to wait and see. The market is super quiet right now. At these prices, interest from buyers to […] Read more
Pulse weekly outlook: Market remains very quiet
Pulse weekly outlook: Small Canadian crops lead to marketing shift
MarketsFarm — Canadian pulse markets could see a ‘radical shift’ in the current crop year as drought conditions led to sharp reductions in pea and lentil production. Statistics Canada’s September principal field crop estimates, released Tuesday, and the previous report on Aug. 30 were determined by yield models using satellite imagery. MarketsFarm Pro analyst Mike […] Read more
It’s been anything but business as usual for pulse sector this year
It’s not just the drought hitting production — global demand is up, shipping disrupted and processing plants coming online
Reading Time: 3 minutes It’s definitely unusual times for the Prairie pulse sector, and save for a lucky few, it’s a year most will be glad to see the back of. “It’s rare to see such a large cross-section of the industry impacted by drought, but that is very much the case here,” said Pulse Canada president Greg Cherewyk. […] Read more
Canola ending stocks down on year, but beat expectations
StatsCan pegs barley ending stocks at record low
MarketsFarm — Canadian canola ending stocks were down sharply at the end of 2020-21 compared to the previous marketing year, but still came out well ahead of trade expectations. Many other crops also saw larger-than-expected carryout numbers in Statistics Canada’s principal field crop stocks report as of July 31, 2021, released Wednesday. According to MarketsFarm […] Read more
Pulse weekly outlook: Tight Canadian supplies to cut into exports
MarketsFarm –– Canadian pulse supplies during the 2021-22 marketing year will be the tightest of the past decade due to drought during the growing season, with the country likely to be a much smaller player in the international export market for peas, lentils and chickpeas as a result. Statistics Canada pegged the country’s 2021-22 pea […] Read more
StatsCan confirms Canada’s crop production down in 2021
Corn expected to be lone exception
MarketsFarm — Production of most of Canada’s major grain, oilseed and pulse crops was down substantially in 2021-22, as drought conditions across the Prairies cut into yields, according to preliminary estimates released Monday by Statistics Canada. Of the major crops, only corn was expected to see a slight increase in production on the year as […] Read more
Smaller crops anticipated in looming StatsCan report
Survey-based data due out Monday
MarketsFarm — Heat and drought across Western Canada during the summer of 2021 seriously cut into the country’s crop production, raising traders’ expectations for reduced yields across the board when Statistics Canada on Monday releases its first production estimates of the year. Canola production is estimated at 11.5 million to 16 million tonnes, which would […] Read more
Pulse weekly outlook: Lentils up on lower production, stronger demand
MarketsFarm — As with so many other crops on the Prairies, production of lentils will be lower this year due to the drought. However, MarketsFarm Pro senior analyst Mike Jubinville said the lentil crop likely fared a bit better than cereals or oilseeds. Earlier this year, Statistics Canada projected lentil production to come at about […] Read more
Pulse weekly outlook: Pulse trade with India strong, but flawed
MarketsFarm — India remains as the largest international buyer of Canadian lentils, despite factors affecting trade between the two countries. While Western Canada deals with drought conditions which have likely lowered this year’s lentil crop, the Indian government’s restrictions on imports have threatened to hinder Canadian exports. “Despite tariffs and technical measures in place that […] Read more
Pulse weekly outlook: Harvesting begins for Alberta pulses
MarketsFarm – After a hot and dry summer which scorched all of Western Canada, pulses are ready to come off the fields in Alberta. “The south is going pretty strong. South of Calgary is already pretty much done on peas. Quite a bit of lentils would be done already, too,” said Alberta Pulse Growers chair […] Read more