Glacier FarmMedia MarketsFarm – At this time of year, the pulse market is generally quiet, said broker Marcos Mosnaim of Prairie IX. However, he wasn’t entirely sure as to why most pulse prices were currently unchanged across Western Canada.
Mosnaim speculated that foreign markets could be soft with bids coming in lower than expected and farmers are looking towards getting into their fields.
“At this time of the year, farmers are not into selling. They’ll start seeding soon. So they are more worried about getting (ready) to start the planting season,” he said.
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Trade uncertainty is also a likely factor influencing the stillness in the pulses, Mosnaim suggested.
The worldwide array of reciprocal tariffs United States President Donald Trump announced on April 2 shook up the futures and equities markets, with that reaching into the cash markets.
Pulses largely unchanged
Prairie Ag Hotwire reported for the week ended April 7 that lentils were holding steady. The Lairds stood pat at 32.5 to 55 cents per pound delivered, depending on the size. As well, Estons remained at 32.5 to 48 cents/lb., Richleas held at 26.5 to 53 cents/lb., Crimsons at 20 to 30 cents/lb., and French at 46.5 to 48 cents/lb.
Chickpeas as well were unchanged on the week, with Kabulis between 15.8 and 33.8 cents/lb. delivered depending on the size. Desis remained at 15.8 to 30 cents/lb. and B-90s were 15 to 15.8 cents/lb.
Peas were firms with greens at C$14 to C$16.25 per bushel delivered and yellows at C$9.02 to C$10.01.
Dry beans saw a little bit of downward movement, with the most notable losses in the navy and dark kidney beans of a half cent per pound. That placed navy beans at 54 cents/lb. delivered and kidneys at 71.8 to 75.5 cents/lb.
