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Canadian pea plantings are expected to fall to a seven-year low this spring, and lentil acreage is forecast to drop 27%. Farmers are switching to wheat and canola after a global pulse glut sent prices down.
India has raised tariffs on pulse imports to protect its domestic growers.
A shift of Canadian acres toward wheat and canola adds to cereal and oilseed supply while cutting pulse output. The move points to lower pulse prices and marginally heavier wheat and canola supply.
theglobeandmail.comJEN SKERRITTFeb 14, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
