India’s move to impose prohibitive import tariffs on peas, lentils and chickpeas has left a cloud of uncertainty hanging over the pulse market heading into the 2018 growing season. After back-to-back bumper crops domestically, India implemented a 50 percent tariff on pea imports in November, followed by a 30 percent tariff imposed on lentils and… Read More

Grain markets almost always take a dive as harvest approaches and new supplies hit the market, but the big question for marketing is — will prices rebound or stay at lower levels? “I’ve been doing this for quite a few years and every year I kind of get sucked in a little by it, and… Read More

Concerns that India would no longer accept Canadian peas and lentils due to changes to fumigation requirements on incoming shipments were overblown, says the president of LeftField Commodity Research. India issued a three month extension last week, allowing sales to Canada’s largest pulse export market to continue. “In the end it turns out there was a lot more smoke… Read More

Oat prices have rallied over the last three weeks due to the poor harvest conditions in Western Canada. The December futures contract in Chicago has climbed more than 20 percent since the start of the month — from US$1.76/bu to around $2.15/bu. “Earlier it looked like we were going to have plenty of oats out there,” says Chuck Penner… Read More

Pea prices in Western Canada are at record levels and showing no signs of weakness, largely due to the pulse crop shortage in India. Old crop yellow peas are fetching spot bids over $11/bu while contracts for 2016 are in the $9.50 to $10/bu range (most with Act of God clauses). “At this stage of… Read More

These are exciting times for lentil growers, with record Canadian lentil acres projected for 2016. Red lentil bids in Western Canada have spiked into the C$0.50/lb range due to a combination of poor growing conditions in India and the lower value of the Canadian dollar relative to U.S. currency. “There’s no question we’re going to have acres… Read More

Strong new crop prices for flax are expected to drive acres higher again in 2015. “The economics of flax currently make a lot of sense. There are a number of new crop bids in the $12.50 (per bushel) range. Compared to other crops that’s quite profitable, and compared to history that’s quite profitable, so I… Read More

After trading at a significant discount to soybeans last year, contrasting production scenarios have resulted in canola gaining value relative to soybeans over the last few months. “Historically canola futures have traded $80, sometimes even $100 higher than soybeans. Last year was exactly the opposite,” explains Chuck Penner of LeftField Commodity Research. “What we’re starting… Read More

 

Register for a RealAgriculture account to manage your Shortcut menu instead of the default.

Register