STAT Communications Ag Market News

Seeded Area Expansion Seems Certain

VANCOUVER - Jan 25/15 - SNS -- Dry edible beans and other pulses have performed well versus other crops this season, with prices continuing to trend upward despite some underlying bearish sentiment in grains and oilseeds lower.

This has created a lot of optimism seeded area will be significantly higher this year. It would not be surprising to see seedings of all pulses set new North American and Canadian records.

Land in pulses in Canada could be up 800,000 acres over last year at 8.12 million. The previous record was set in 2010 when Canadian growers planted 7.61 million acres of pulses.

This will help lift combined Canadian and U.S. plantings to a forecast 11.28 million acres, compared to 10.35 million last year and the recent five-year average of 9.45 million.

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