Canada Market Update

19-Jun-2025 11:19 AM

Canada Market Update
Peas: Yellow Steady, Green Holds Premium
★ This week, yellow pea prices remain unchanged at $10.00/bu (delivered), while green peas continue to trade around $16.50/bu (picked up).
★ Ending stocks for both yellow and green peas are balanced.
★ Russia continues to supply feed peas to China, but unless quality improves, alternate markets could tighten.
★ Following China’s March tariff announcement, buying remains uncertain. Trade hasn’t stopped, but the risk is real and could affect prices.
★ In India, yellow pea prices have softened.
★ Old and new crop yellow peas are priced similarly, while green peas still maintain a price spread.
~~~~~~~~~
Lentils: Moisture Still a Concern
Lentil prices are mostly flat this week.
Red lentils:
★ Old crop: 31–32 cents/lb
★ New crop: 28–30 cents/lb
Large green lentils:
★ Old crop: 44 cents/lb
★ New crop: 42 cents/lb
Small green lentils:
★ New crop: 34 cents/lb
★ Old crop: 36–38 cents/lb
~~~~~~~~
Crop Stages:
★ 8% pre-emergent, 48% seedling stage, 44% vegetative stage
★ Despite some rainfall, most areas are still facing moisture stress.
~~~~~~~~~
Chickpeas: Market Flat, Prices Hold
★ Old crop large-caliber Kabuli chickpeas are steady at $0.36–$0.38/lb, with smaller sizes around $0.33/lb.
★ New crop bids range from $0.32–$0.33/lb FOB farm, but grower interest is limited.
★ Weather will be key in determining final prices.
★ Canadian acreage remains uncertain, but U.S. plantings may rise, which could influence the market.