Lentil Markets Easier But Tense
PANAMA - Jun 8/18 - SNS -- North American lentil markets finished the week's trading on a generally easier note, with spot values continuing to converge with new crop.
Spot market values remain at a modest premium to new crop. But with most demand shifting to new crop shipping positions and end users optimistic about production prospects, spot markets are feeling the pull of lower new crop trading levels.
Markets remain anxious about the U.S. and Canadian seeded area estimates due for release on June 29. Many processors and exporters believe Canada's area will be revised lower.