MarketsFarm — Faced with weather concerns surrounding its pigeon pea crop, India has been very likely buying lentils from Canada, said MarketsFarm analyst Mike Jubinville. Over the last month, prices for large green lentils have jumped 25 per cent because of issues with pigeon peas, said Jubinville. Green lentils can be substituted for the pigeon […] Read more
Pulse weekly outlook: India market likely pushing up prices
Allegations of U.S. peas, lentils passed off as Canadian
MarketsFarm — A company in the United States has alleged there are green peas and green lentils being shipped from the U.S. to Canada, then exported to China and India as being Canadian. Jeff Van Pevenage, president of Columbia Grain at Portland, Ore., first made the allegations to the Western Producer in September. He said […] Read more
Pulse weekly outlook: Wrinkles, loss of colour problems for lentils
MarketsFarm — As Canada’s lentil harvest comes along slowly, issues with wrinkles and the loss of colour have arisen, according to Markus Mosnaim of Globeway Canada in Mississauga. Loss of colour in green lentils translates to a downgrade, he said. “It can drop to No. 2, depending on how much colour is lost.” Wrinkles, meanwhile, […] Read more
Grain leaves Churchill for first time in four years
MarketsFarm — The first grain vessel in four years left the northern Manitoba port of Churchill over the weekend, according to social media posts from port owners Arctic Gateway Group. “Happy to report the successful completion and departure of the first grain vessel of the season from Churchill,” Arctic Gateway said on Twitter and Facebook. […] Read more
StatsCan confirms record-large canola ending stocks
MarketsFarm — Canadian canola ending stocks hit a new record for the 2018-19 crop year, according to updated data Statistics Canada released Friday. Canadian canola stocks as of July 31 came in at 3.9 million tonnes, up by 55 per cent on the year and about 800,000 tonnes above the previous record set in July […] Read more
Pulse weekly outlook: Harvest weighs on Saskatchewan bids
MarketsFarm — Seasonal harvest pressure may be weighing on pea and lentil bids in Western Canada — but rain delays could lead to quality premiums down the road. Large green lentils delivered to the plant are currently trading at around 20 cents/lb. at the high end, with red lentils topping out at 16 cents/lb. delivered, […] Read more
StatsCan confirms smaller canola crop
MarketsFarm — Statistics Canada’s first production estimates for the 2019-20 crop, released Wednesday, were generally in line with expectations, although upward revisions are likely in subsequent reports. The agency’s production of principal field crops report was “bang on with expectations across the board,” according to Ken Ball of PI Financial in Winnipeg. While both the […] Read more
Cargill not taking glufosinate-desiccated lentils
One of the world’s biggest grain companies has decided not to chance accepting Canadian lentils that were desiccated with a well known herbicide. Cargill announced Friday it will now have a “no tolerance” restriction on glufosinate ammonia in its grain delivery terms for lentils, including lentils that have had the Group 10 herbicide applied in […] Read more
Pulse weekly outlook: Canadian lentil prices remain stable
MarketsFarm – Early summer was characterized by concerns that dry, hot weather across the Canadian Prairies would impede lentil yields. However, recently improved growing conditions meant lentil crops have stayed largely stable. “It’s a completely different scenario now than it was two weeks ago,” said Darwin Hamilton of Kalshae Commodities in Winnipeg. “A month ago […] Read more
Farm equity growth slows in 2018
MarketsFarm — Equity in Canada’s farm sector increased by 3.6 per cent in 2018, hitting $522.2 billion, according to a report Thursday from Statistics Canada. The growth was well below the 6.4 per cent increase reported the previous year, and continued a trend of slower growth since 2013. Realized net farm income was down by […] Read more