Lentils Ease As Old Crop Demand Wanes
PANAMA - May 20/22 - SNS -- Lentil markets finished the week's trading on an easier note as grower selling of old crop product pushed slightly ahead of the short term needs of processors and most exporters.
Though new crop bids are unusually strong, with seeding now underway, many buyers would have a tendency to shift to an "as needed" basis in order to reduce inventory costs.
Markets are paying attention to the pace of seeding and weather conditions in North America. Seeding is more advanced in Alberta than Saskatchewan, where wet weather has prevented growers from entering fields. While restoring soil moisture conditions in much of the province, farmers need warm sunny days to finish seeding.
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