Pulse weekly outlook: Market remains very quiet

File photo of lentils being moved into bins in Saskatchewan. (Bobloblaw/iStock/Getty Images)

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 take position is small [and] interest from growers is small as well,” he explained, noting this has especially been the case for lentils and peas.

There hasn’t been a lot going in the pulse market for about the last three weeks, he said, as buyers simply haven’t been eager to acquire a great deal. Conversely, farmers can store pulses in their bins for pretty much as long as want, waiting for prices to become more favourable.

A month ago there were sharp upticks in pulse prices, according to Prairie Ag Hotwire, but such have been steady since. Laird lentils saw prices increase by between one and eight cents per pound in the last 30 days, in the last week they have been largely steady; No. 1 and 2 Lairds increased by two to three cents/lb. Depending on size, Lairds fetched between 42.5 and 66 cents/lb.

Eston lentils as well have been very firm over the week, but jumped 11-14 cents/lb. on the month and are currently priced at 41.5-60 cents/lb.

Richleas and Crimsons have followed suit, staying flat after gains of between six and 11 cents/lb. Richleas are priced at 41.5-57 cents/lb., with Crimsons at 33-50.

The only exception has been French lentils, which have jumped 34 cents on the week, and 36 over the month. Prices range from 46 to 80 cents/lb.

Chickpeas haven’t moved during the week, with Kabulis holding at 38-60 cents/lb., Desi No. 1s at 42-50 and B-90 No. 1s at 38-40.

Green peas are at $13.50-$17 bushel, compared to $13.28-$16 for yellows. Feed peas on the Prairies are at $10.89-$14/bu.

— Glen Hallick reports for MarketsFarm from Winnipeg.

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