Pulse Forward 14 | USA's big bet on beans

PULSES & BEYOND CHUCK PENNER LEFTFIELD

closely and we’re at the point in the year during harvest or just prior when we hit these low points and then prices tend to flatten out or even rise a little. Last year the market was starved of supplies and there were virtually no inventories, both in Canada and in importing nations, so there is a certain amount of restocking of shelves going on, which is helping support that. So there’s going to be an initial surge in trade until those are filled, which will help support prices a little bit in the short term. Once that is refilled, supplies will have been drawn down to some degree but not nearly where they were this last year. What about red lentils? Prices are softening. In Canada, farmers have prices in their head of what they would like to get for a crop and they tend to be round numbers. Prices [in September] were a little bit below 30 cents a pound (CAD) and that's a bit of a sticking

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