Brian clancey - Lentil Outlook

[shaney]

Farmers are being challenged in their commitment to lentils. The income potential of lentils is not good in comparison to other crops like canola. Reds and green lentils are both challenged with poor price performance. "Over production of lentils in the past two years has impacted the prices of lentils", according to Brian Clancey.

We asked Brian Clancey what he thinks will happen to lentils in the next twelve months as the industry tries to chew through a large carry over. The other question is how will lentils buy acres against other crops in 2012? As farmers scare the trade into a lower acreage number, will the trade raise bids to entice a stronger planted acreage?

[URL="http://www.realagriculture.com/2012/01/cropweek-2012-brian-clancy-on-the-2012-lentil-market-outlook/"][/URL]see what Brian Clancey had to say about the lentil market for 2012

[AgrivilleAdmin]

Here is the RealAgriculture Video.

>

[gustgd]

I think 2012 is a good correction year for lentils.
If we in Saskatchewan get reds back to traditional areas, and see them grown in areas where we can do well. I see prices averaging above .20c with highs of .25c

Those that like running gravel through their machinery, and recognise the benifits of pulses in rotations can go back to growing Peas.

Those that have the climate and ability to tolerate risk to grow chickpeas will.

Green guys can shoot for the moon and grow quality.

It's those fringe areas that have been chasing lentils because of past perceptions of profitability. That tried red lentils and heard stories about how "easy" they were to grow, that screwed it for the rest of us with that veritable mountain of shit that got pushed through the system driving down prices for all.

I see that SPG is doing some market development seminars.
One of the Topics is "Growing lentils in the North East.

Let me help. DON'T!!! That is all.

[bucket]

You could say the same thing about durum. Sounds like alot of non traditional areas are going to give it a try.

Makes you wonder.

Load up with poor quality product - best of luck to an industry.

[MLamirandeRM]

Western Canadian farmers may plant fewer lentil acres in 2012 due to poor prices for red lentils. While a contraction in acres may lead to an eventual improvement in prices, global macroeconomic factors will likely restrain the upside potential. According to speakers that the Saskatchewan Pulse Growers meeting, red lentil prices are expected to stabilize around their current 16-17 cents/lb range over the next few months, but may eventually move up as high as 20 cents/pound. Small green lentils, which are expected to see a small increase in acreage, will likely fall from their current levels into the 20-24 cents/lb range. Bearish factors moving forward include global economic uncertainty, weakening currencies n many major import countries, a large Australian red lentil crop, and a growing Russian presence in the green lentil market.

Michelle - Farms.com Risk Management