Selling Pressure Evident in Lentils
VANCOUVER - Oct 28/12 - SNS -- Lentil markets maintained their easier tone through the past week, reflecting the dual impact of weakness in the Canadian dollar and increased selling pressure.
This was most evident in Canada, where grower bids were unchanged, but export asking prices slumped as processors and exporters worked to increase sales.
There were some reports of a corresponding increase in grower selling interest, suggesting there is an underlying fear markets may have already made their season highs.
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