Reading Time: < 1 minute Canadian lentil stocks are forecast to be extremely tight by the close of the 2023/24 marketing year, which should keep prices well supported despite expectations for a smaller export program.
Tight Canadian lentil carryout expected
Tightest lentil stocks since July 2010 forecasted
AAFC raises canola, wheat ending stocks forecasts
Pea, barley carryout estimates raised, lentils cut in half
Reading Time: < 1 minute Glacier FarmMedia – Canadian canola and wheat carryout for the 2023/24 marketing year will likely end up above earlier projections, according to the latest Outlook for Principal Field Crops from Agriculture and Agri-Food Canada (AAFC) released Dec. 15.
Pulse weekly outlook: Green lentils show strength, reds lag
Green lentil sales limited as farmers bullish
Reading Time: 2 minutes MarketsFarm — Green lentil bids in Western Canada are trading at their highest levels of the past year, with solid new-crop pricing opportunities already becoming available. Spot bids for large green lentils can currently be found in the 60 to 72 cents/lb. area, according to Prairie Ag Hotwire data, with new-crop contracts hitting 50 cents […] Read more
Pulse weekly outlook: Pea exports solid so far, lentils down on year
Reading Time: 2 minutes MarketsFarm — Canadian pea exports are running at a solid pace through the first two months of the 2023-24 marketing year, despite smaller production, as exports of newly-harvested supplies in September nearly quadrupled what moved the previous month. Canada exported 440,085 tonnes of peas in September, up from only 99,645 tonnes the previous month, according […] Read more
Pulse weekly outlook: Lentils shift in narrow range
Farmers seen sitting on product for now
Reading Time: < 1 minute MarketsFarm — Price movement for most western Canadian lentils held narrowly rangebound for the week ended Monday. Prairie Ag Hotwire reported most prices remained one cent per pound of unchanged. To Marcos Mosnaim of Export Packers, there were two central reasons for such sparse movement in lentils. “On one side… I will say the lack […] Read more
Little change in AAFC’s October supply/demand outlook
Canola, wheat, pea carryout estimates unchanged
Reading Time: 2 minutes MarketsFarm — Supply/demand estimates for Canadian grains and oilseeds saw little change in the latest outlook for principal field crops from Agriculture and Agri-Food Canada (AAFC) released Monday. Canola ending stocks for 2023-24 were left unchanged at one million tonnes, which compares with the 2022-23 level of 1.506 million tonnes. Canadian canola exports in 2023-24 […] Read more
Pulse weekly outlook: Smaller yields than last year in Saskatchewan
Pulse production seen varying by location
Reading Time: < 1 minute MarketsFarm — Yields and crop conditions from this year’s pulse harvest in Saskatchewan largely varied by location, according to SaskPulse executive director Carl Potts. “Generally on the east side of the province and some areas of the south, some pretty good yields. And then in the west-central, southwest regions, some yields that were quite low. […] Read more
Tightening canola stocks projected, AAFC says
Wheat, barley, oat, pea stocks also projected lower
Reading Time: 2 minutes MarketsFarm –– Canadian canola carryout supplies for the current marketing year will likely end up tighter than earlier expectations, according to updated supply/demand balance sheets from Agriculture and Agri-Food Canada (AAFC) that account for recent production and stocks data from Statistics Canada. Canola ending stocks for 2023-24 are now forecast to tighten to only one […] Read more
Pulse weekly outlook: India dispute leaves lentils’ future uncertain
India was Canada's top customer in 2022-23
Reading Time: < 1 minute MarketsFarm — As tensions between Canada and India remain very high, the future direction for Canadian lentils continued to be uncertain. “Your guess is as good as mine,” Marcos Mosnaim of Export Packers said as to what could happen, adding “Canada has to be careful. I don’t know what India will do.” Prime Minister Justin […] Read more
Pulse weekly outlook: Canada’s prices well supported given smaller crops
Dispute between Canada, India to be watched closely
Reading Time: < 1 minute MarketsFarm — Canadian pulse production came in well below average in 2023, keeping prices supported for the time being. Total pea production was pegged at 2.27 million tonnes by Statistics Canada on Thursday. That was up slightly from the 2.19 million tonnes forecast in August, but well off the 3.42 million tonnes grown the previous […] Read more
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