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
Pulse weekly outlook: Chickpeas find high-priced silver lining
MarketsFarm — Like many other crops across Western Canada, chickpeas weren’t immune to hot and dry growing conditions over the summer. This year’s domestic chickpea crop is only expected to weigh in at 63,000 tonnes, according to Statistics Canada — less than one-third of the five-year average of 189,600 tonnes. In Saskatchewan, some parts of […] 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
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: Dry edible beans faring well in Manitoba weather
MarketsFarm – Like all crops, dry edible beans have been affected by the high heat and drought-like conditions which have plagued most of Manitoba this summer. However, they have weathered the conditions better than most, according to Manitoba Agriculture’s provincial pulse specialist. “For the most part, the dry beans are looking okay,” said Dennis Lange. […] Read more
Pulse weekly outlook: Healthy demand for heat-stricken Manitoba pulses
MarketsFarm – If Manitoba’s pea harvest is any indication, the province’s pulse crops will be largely deteriorated by the hot and dry weather affecting all of Western Canada, according to Manitoba Pulse & Soybean Growers executive director Daryl Domitruk. “It has affected (pulses) like it has affected most of the other crops, in that severe […] Read more
Pulse weekly outlook: Container crisis affecting markets, shipments
MarketsFarm — As hot and dry weather, especially in Western Canada, have wrought havoc on Canadian pulse crops and raised prices, it’s also becoming more difficult to export pulses overseas. Shipping containers, in which 30 per cent of Canada’s peas and more than 50 per cent of Canada’s lentils are transported, are currently in a […] Read more
Pulse weekly outlook: Saskatchewan crops fight off record heat
MarketsFarm — The “heat dome” which enveloped Western Canada last week delivered a blow to Saskatchewan’s pulse crops. Thirty-four temperature records were shattered on Friday, including those at Regina, Prince Albert, Swift Current, Weyburn and Yorkton. Saskatoon and Lucky Lake, northeast of Swift Current, were the province’s hot spots that day at 40 C. Nine […] Read more
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