Lentils Little Changed

PANAMA - Jul 14/18 - SNS -- Few changes were reported in lentil markets during the past week, though asking prices for spot product is coming in line with new crop.

Many market participants attended last week's Canada Special Crops Association annual meeting in Regina, Saskatchewan. That, along with the fact it is the traditional summer holiday season for European traders, is limiting trading activity.

Concern continues about the impact higher than normal temperatures will have on the yield potential of this year's Canadian harvest. Even so, crops are considered in generally better condition than they were at this time last year.

CGC Bulk Export System Update

The Canadian Grain Commission (CGC) reports 23,200 MT of bulk lentils were loaded for export through reporting terminals and primary elevators between July 2 to July 8. Season to date exports now sit at 311,200 MT, compared to the 853,700 MT reported at this time last season.

Of all lentils loaded for export by bulk handling facilities, 177,700 MT or 83% was No 2 Canada and 17% or 36,400 MT were other grades. So far this season 118,300 MT of No 2 Canada and 36,400 MT of other grades were loaded through Vancouver; along with 59,400 MT of No 2 Canada at Thunder Bay.

Farmers delivered 12,600 MT of lentils to primary elevators during the week. This lifts season to date deliveries by farmers to 1,306,900 MT, compared to 1,915,800 during the same period last season.

Elevators and terminals reported selling 400 MT of lentils to domestic buyers during the week. This lifted season to date sales to 174,500 MT, compared to 282,400 during the same period last season.

There are 120,900 MT of commercial stocks of lentils, including: 117,400 MT in primary elevators; none in process elevators; 1,000 MT at Vancouver; and 2,500 MT at Thunder Bay. There are 2,200 lentils in transit by rail to all ports compared to 1,900 the previous week.

For the lentils in primary elevators, 800 MT are located in Manitoba; 112,100 MT in Saskatchewan; and 4,500 MT in Alberta.

The grade breakdown for the lentils instore Vancouver is: 600 MT of No 2 Canada; 100 MT No 3 Canada; 200 MT of Canada Feed; and 100 MT of other grades. Lentils instore Thunder Bay include: 1,700 MT No 1 Canada; no No 2 Canada; 300 MT of No 3 Canada; and 500 MT of Canada Feed.

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