Reading Time: 2 minutes MarketsFarm — A return to yields closer to long-range averages will result in greater production for most pulse crops in 2022-23, according to Agriculture and Agri-Food Canada’s monthly outlook for principal field crops released last Friday. Many of the projections are based on the assumption that normal weather conditions will return to most of the […] Read more
Pulse weekly outlook: AAFC projects normal yields, increased pulse production
Pulse weekly outlook: Still early in season to switch crops
Decisions likely in next couple of weeks
Reading Time: < 1 minute MarketsFarm — With dry conditions dominating western and southwestern Saskatchewan and wet conditions prominent in the province’s east and northeast, at mid-May it remained early to consider switching pulse crops to something else, according to Carl Potts, executive director of Saskatchewan Pulse Growers. Overall, he said, spring planting throughout the province as of May 9 […] Read more
Tightening supplies likely to underpin chickpea market
Reading Time: 2 minutes MarketsFarm — Tightening worldwide chickpea supplies could bode well for prices later this year, although Canadian acres will likely be down and there’s still a long growing season ahead. Canadian farmers intend to seed 175,200 acres of chickpeas in 2022, which would be down 5.5 per cent from the previous year and the smallest acreage […] Read more
Pulse weekly outlook: Lentil acres likely up in 2022
Other pulses likely down, though
Reading Time: 2 minutes MarketsFarm — Statistics Canada released its first survey-based crop acreage estimates of 2022 on Tuesday, reporting that while more lentil acres may be planted this spring, other pulses are expected to have their seeded area shrink. The national data agency projected 4.49 million acres of lentils will be planted in Canada this year, a 4.2 […] Read more
Pulse weekly outlook: Larger U.S. pea, lentil areas expected
Reading Time: 2 minutes MarketsFarm — Farmers in the United States will grow more lentils and peas in 2022, although chickpea area may be down, according to early estimates ahead of spring seeding. Total pea area in the country is forecast at 1.088 million acres, which would be up 11 per cent from 2021, according to the U.S. Department […] Read more
Pulse weekly outlook: Market uncertainty all around
Reading Time: 2 minutes MarketsFarm — As Russia’s invasion of Ukraine continue to swing markets up and down, typical issues and other external factors have amplified volatility in the pulse markets, according to one trader. David Newman, owner of Commodius Trading at North Saanich, B.C., explained that while the conflict in Eastern Europe is affecting markets everywhere, the usual […] Read more
Pulse weekly outlook: Chickpea prices lower but still very good
Reading Time: < 1 minute MarketsFarm — Although prices for chickpeas have pulled back somewhat over the last month, Colin Young of Midwest Grain at Moose Jaw, Sask. emphasized the market has not turned bad in any manner. “It’s just the level of expectation we had, given the rise in prices of other commodities. Given that we were out there […] Read more
Pulse weekly outlook: Pulse stocks drop due to drought
Reading Time: < 1 minute MarketsFarm — Statistics Canada’s latest report on stocks of principal field crops clearly demonstrated how much of an effect last summer’s historic drought in Western Canada had on pulse crops. According to the report released Tuesday, last December’s total domestic stocks for dry peas, chickpeas, lentils and soybeans all declined from the year earlier. Those […] Read more
Pulse weekly outlook: Chickpea prices reverse direction
Markets correcting lower, buyer says
Reading Time: 2 minutes MarketsFarm — The chickpea market in Western Canada is undergoing a correction, according to the manager of a pulse buying and processing company in Saskatchewan. With the exception of Desi chickpeas, all varieties of the pulse have seen prices go down two to five cents per pound over the past month, according to Prairie Ag […] Read more
Pulse weekly outlook: Expect little movement in prices during holidays
Reading Time: 2 minutes MarketsFarm — There were no surprises for pulses in Statistics Canada’s latest production report, according to Marlene Boersch of Mercantile Venture Consulting in Winnipeg. With that in mind, she doesn’t expect any significant price changes for pulses. “Part of the reason is we’re starting to glide into the holiday period. We’ll probably see some movement […] Read more
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