If you’re a lentil grower, you’ve just had the best marketing winter of your career.
You probably had an OK yield but, with all the rain at harvest, you probably harvested your worst-quality crop. Here’s where everything worked. Demand has been red-hot, including for product that, in another year, might have been destined for the feed market.
Soybeans in Manitoba are flat, trading about where they were in January.
Buyers price off Chicago Board of Trade futures, and they had a minor run in February so there were slightly better prices available for a while. Delmar International Inc. is paying 30 cents over May, putting it at $10.10 the morning of March 24, while elevators are about $9.80 per bushel.
Canary continues the slow methodical pattern of trade it has had all winter. We’ve been on the verge of running out since 2011, according to the supply and demand tables, but somehow enough supplies keep coming to town to meet demand.
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