Pulse producers and buyers waiting for the other to blink: Penner

As the calendar creeps towards September, pulse harvest is just beginning to get underway in Western Canada. Fall is also usually a pretty busy selling and shipping season for the export-dependent crops, but as Chuck Penner, with Leftfield Commodity Research, explains, trade uncertainty and less-than-stellar prices are dragging on the busy harvest season.

RealAgriculture field editor Lyndsey Smith caught up with Penner at the Canadian Special Crops Convention this week in Montreal to get an update on stalled chickpea markets, and Turkey’s foray into the chickpea market after instituting minimum support price for its farmers.

Lentils have also been moving into critical markets, including India, but at much-reduced amounts than past years. Canadian lentils can price themselves into that market now, he says, even with the tariffs, but buyers for many markets aren’t actively buying, and farmers aren’t actively selling, each seemingly waiting for the other to blink.

Penner also comments on acreage shifts for each pulse crop type, harvest and crop conditions, and why, even with lost markets or trade volatility, why he can’t see that the federal government would feel compelled to hand out compensation for grain farmers vs. supply-managed farmers.