STAT Communications Ag Market News

Lentils Little Changed

PANAMA - Jun 22/18 - SNS -- North American lentil markets were little changed, despite reports of improved export demand for large green product.

Markets remain more focussed on the Statistics Canada seeded area report. Due for release on June 29, many market participants expect it to show a steeper than intended drop in actual plantings.

At the end of March, growers said they would only reduce seeded area from 4.4 million to just over four million acres. Markets were expecting a steeper drop to around 3.5 million acres because of relatively poor prices and movement for red lentils.

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