Bulk exports of dry peas from Canada were reported at just 13,100 metric tons (mt) in week 23, down sharply from the previous week, while cumulative exports are reported at 1.5393 million metric tons (mmt), up 16% from the same week last crop year. Bulk lentil exports were reported at 200 mt for the week, while cumulative bulk exports are reported at 500,300 mt, up 52% from the previous crop year.
According to a combination of Saskatchewan Agriculture data and Statpub.com data, yellow pea bids delivered to Saskatchewan plants have strengthened to $9.75/bushel (bu), the strongest bid reported since July 2016. It is interesting to note that weekly data from Saskatchewan Agriculture shows yellow pea bids above $9/bu only 12.5% of the time during the past 10 years. Green pea bids have fallen slightly to $9/bu, down from the December high of $9.83/bu.
Large green lentil bids are reported at $33.72/cwt delivered to Saskatchewan plants, showing modest strength in recent weeks and down from a $36.50/cwt high reached in early November which was the highest price seen in three years. Small red lentils have seen strength over the past week, reported at $26/cwt, but down from the $29.13 high reached in November which was the highest reported in over four years.
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Cliff Jamieson can be reached at email@example.com
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