MarketsFarm — While dry conditions persist across the Prairies, the current situation for pulses is not as bad as during the two previous springs, according to Pulse Canada’s director of market access and trade policy. Mac Ross said dryness is largely evident across Western Canada and many crops are still below their five-year averages for […] Read more
Pulse weekly outlook: Better growing conditions despite dryness, smoke
Continued smoky skies could slow crop development
Pulse weekly outlook: Canadian exports solid
Bangladesh, Pakistan now buying Canadian peas
MarketsFarm — Canadian pulse exports are running well ahead of their year-ago level, with some demand rationing likely over the next few months as supplies tighten ahead of the new-crop harvest. Canada has exported 1.56 million tonnes of lentils during the crop year to date, with Turkey the top destination at 421,000 tonnes followed by […] Read more
Pulse weekly outlook: StatCan report likely won’t affect prices
Canada 'not the market maker' on peas, lentils
MarketsFarm — Statistics Canada (StatCan) on Tuesday released its report on grain stocks at March 31, with MarketsFarm Pro analyst Mike Jubinville suggesting there’s not much to the report. “It’s one of those [reports] where people look at it and move on,” he said. StatCan’s report pegged total farm and commercial stocks of chickpeas at […] Read more
Pulse weekly outlook: Seeding to start in Manitoba, Saskatchewan
Saskatchewan lentils expected to lose acres to wheat, canola
MarketsFarm — With the calendar turning to May and temperatures expected to surpass 20 C this week, pulse seedings are set to begin for parts of Manitoba and Saskatchewan. “Right now, we’re still in a bit of a holding pattern,” said Manitoba provincial pulse specialist Dennis Lange. “We haven’t really had much for drying. Now […] Read more
Merit Foods co-owner Burcon partnering on bid for assets
Unnamed 'plant protein company' now in on Burcon's bid
A major shareholder in beleaguered pea and canola protein processor Merit Functional Foods has brought on an unnamed partner in its bid to buy the business out of receivership. After announcing last month it would submit a bid for the next-to-new Merit assets, Vancouver-based plant protein firm Burcon NutraScience said Monday it’s now “participating in […] Read more
Pulse weekly outlook: Larger pea, chickpea exports expected
China, Bangladesh among major destinations
MarketsFarm — Canadian pea, chickpea and edible bean exports will likely beat earlier expectations during the current 2022-23 marketing year, according to updated supply/demand projections from Agriculture and Agri-Food Canada. The stocks-to-use rations for the three crops should also tighten as a result. In its report Friday, the government agency upped its call for Canadian […] Read more
Highlights from this year’s crop forecast
There aren’t a lot of surprises but much of the forecast hinges on the cost of growing a crop
Reading Time: 2 minutes Want to hit a home run this year? Grow kabuli chickpeas. But only if you farm in the brown soil zone. That pulse crop holds the No. 1 spot in this year’s forecast from the provincial agriculture department with an anticipated profit (before fixed costs and rent) of $347 an acre — if there’s a […] Read more
Pulse weekly outlook: Peas heading in different directions
Export demand seen down for yellows
MarketsFarm — Prices for green and yellow peas have been starting to move further apart, according to Levon Sargsyan, grain broker with Johnston’s Grain at Welwyn, Sask. Sargsyan pointed out that prices for yellow peas have been slipping back recently. “Export demand has dropped overseas, so that’s been pushing the yellow pea prices down. The […] Read more
Pulse weekly outlook: Slow start to Saskatchewan spring
Timely pulse seeding still expected
MarketsFarm — While below-normal temperatures have welcomed the start of spring, pulse seeding in Saskatchewan is expected to start on time in 2023 if the weather co-operates. “We’ve had a slow start to spring,” said Saskatchewan Pulse Growers (SaskPulse) executive director Carl Potts. “It’s still a bit of time before seeding would normally start across […] Read more
Bidding open for Merit Foods for two more weeks
Stakeholder Burcon plans to put up 'compelling bid'
The fate of Winnipeg pea- and canola-based protein processor Merit Functional Foods won’t be confirmed until the end of April at the earliest. Merit, whose major shareholders include Vancouver plant-based protein firm Burcon NutraScience, U.S. agrifood firm Bunge and former executives of Hemp Oil Canada, was placed into receivership March 1. According to the first […] Read more
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