STAT Communications Ag Market News

Lentils Feel Good About Stocks

PANAMA - May 7/21 - SNS -- Markets were not overly surprised by the Canadian March 31 stocks in all positions report for lentils, with market participants seeing the number as supportive of current price trends.

Statistics Canada does not break lentil stocks by class. The total for all classes was 1.435 million metric tons (MT), down from 1.678 million at the same time last year, but above the previous five year average of 1.335 million.

Farmers reported they were holding 1.26 million MT of lentils in their bins, down from 1.508 million last year. Commercial inventories came in at 175,000 MT, just above the 170,000 on hand at the same time last year.

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