★ Global pulse markets remained relatively quiet this week, with market participants closely monitoring weather conditions across key producing regions.

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★ Crops in Canada, the U.S. and Australia are progressing well, although producers continue to watch disease pressure. Australia is still expected to harvest a smaller-than-normal crop, providing support to global chickpea prices, while steady demand from India continues to underpin the market. Exports from Mexico remain stable. Feed demand is present, but buying activity has been limited as buyers weigh high replacement costs and alternative feed ingredients.

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★ Pea markets have remained largely unchanged over the past two weeks, with limited trading activity and stable prices. Although Canada's green pea acreage declined by about 10% from last year, improved yields and large carryover stocks are expected to increase total green pea supplies by around 6% in the 2026-27 marketing year. In contrast, yellow pea acreage is down nearly 16%, while carryover stocks are significantly lower. If ending stocks tighten as expected, yellow pea prices could receive additional support later in the marketing year.

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★ Lentil markets continue to trade in a narrow range, with only occasional opportunities for small price premiums. Eston lentils are quoted around $0.17-0.18/lb (picked up on farm) for No. 1 quality, while new crop bids are generally above $0.20/lb. Red lentils are trading near $0.22/lb for both old and new crop, and large green lentils are around $0.23/lb FOB farm, with new crop values slightly higher. Despite reports of disease and excess moisture in some growing areas, ample carryover stocks have limited any significant price reaction. Growing competition from other global lentil-producing regions has also reduced the influence of Canadian crop conditions on world lentil prices.