Reading Time: 2 minutes MarketsFarm — The earthquake that devastated parts of Turkey and Syria on Monday last week, taking the lives of more than 40,000 people, may not have a major effect on pulse markets, according to one analyst. Jon Driedger from Leftfield Commodity Research in Winnipeg said that while natural disasters like an earthquake can take on […] Read more
Pulse weekly outlook: Earthquake to have little effect on pulse markets
Such disasters don't often blow back on agrifood commodity costs
China top destination for Canadian grains, oilseeds
CGC data points to key destinations
Reading Time: < 1 minute MarketsFarm — China is the top destination for Canadian grain and oilseed exports through the first five months of the 2022-23 marketing year, accounting for roughly a third of the total movement, according to the latest monthly report from the Canadian Grain Commission. Canada has exported 6.566 million tonnes of grains, oilseeds, and pulses to […] Read more
Pulse weekly outlook: New Year’s pressure drags on North Dakota peas
Pea prices relatively higher north of border
Reading Time: < 1 minute MarketsFarm — Pea prices in North Dakota have been feeling pressure from the New Year, according to Landon Lechler of Beach Co-operative at Beach, N.D., about 360 km south of Weyburn, Sask. Besides the turning of the calendar New Year, Lechler said the upcoming Chinese New Year has slowed export demand for yellow and green […] Read more
Pulse weekly outlook: 2022 a ‘good year’ for Manitoba pulses, soy
Reading Time: 2 minutes MarketsFarm — Despite a rough start to southern Manitoba’s growing season, Manitoba Pulse and Soybean Growers executive director Daryl Domitruk was content with how 2022 came to pass. “For pulses and soybeans, it was generally a good year as a result of some very good yields in soybeans and some quite good yields in dry […] Read more
Pulse weekly outlook: Tightening Canadian lentil stocks expected
Pea ending stocks more comfortable
Reading Time: 2 minutes MarketsFarm — Carryout stocks of Canadian lentils could tighten to their smallest level in seven years by the end of the current 2022-23 marketing year, according to updated supply/demand estimates from Agriculture and Agri-Food Canada. While lentil production of 2.3 million tonnes was up by 44 per cent from the drought-stricken 2021-22 crop, expectations for […] Read more
Pulse weekly outlook: Pea prices hold steady in weak market
Values expected to soften in new year
Reading Time: 2 minutes MarketsFarm — Prices for green and yellow peas in Western Canada have remained quite steady over the last week, largely due to the lack of demand, according to Darwin Hamilton of Kalshea Commodities in Winnipeg. “North American peas are more expensive than the peas coming out of Eastern Europe. A lot of that product is […] Read more
Pulse weekly outlook: Smaller-than-expected lentil crop may limit exports
Reading Time: 2 minutes MarketsFarm — Smaller-than-expected Canadian lentil production in 2022-23 could limit the country’s export potential going forward, according to an official with Pulse Canada reacting to the latest production estimates. The report from Statistics Canada (StatCan) released Friday contains the first survey-based production estimates of the 2022-23 marketing year, while previous ones used satellite imagery. Most […] Read more
Pulse weekly outlook: Yellow peas under pressure from large volumes
Reading Time: < 1 minute MarketsFarm — Large volumes of yellow peas being delivered into commercial hands have put some pressure on values, although prices remain reasonably solid. Green and maple pea bids are stronger, but movement is more limited in those markets. End users were active buyers of yellow peas in recent months, but many are now filled up […] Read more
Pulse weekly outlook: AAFC revises dry pea projections
Reading Time: 2 minutes MarketsFarm — Among the changes Agriculture and Agri-Food Canada (AAFC) made in its November supply and demand report, issued Friday, the most notable were among the dry peas. The revisions that stood out the most were 2022-23 dry pea exports being cut by 200,000 tonnes at 2.5 million, while domestic usage was bumped up 50,000 […] Read more
AAFC report sees another series of tweaks
Reading Time: < 1 minute MarketsFarm — As expected, Agriculture and Agri-Food Canada (AAFC) avoided making any major revisions to its November supply and demand estimates, waiting until Statistics Canada issues its next production report on Dec. 2. AAFC released its latest monthly report late Friday afternoon. While AAFC tweaked its November supply and demand estimates from October, most of […] Read more
A message from April Stewart, Country Guide's Associate Editor
