Lentil Market Outlook

[charliep]

Below is information Chuck Penner, LeftField Commodity Research, recorded for Call of the Land.

<a href="http://www1.agric.gov.ab.ca/$department/newslett.nsf/all/cotl20123">Call of the Land Oct 31</a>

[dave4441]

I have to say that wether you think the lentil market is going up or down, trader or farmer, it is pretty hard to pick apart what Chuck has to say. Lentil market has to discourage production in 2013!

[HappyFarmer]

What gave growers the incentive to grow lentils rather than peas in 2012 is very bizzare. Dave is right, the market is telling you we don't want your lentils, so please for farmers sake and everyone elses, DON'T GROW THEM!!!!!! Lots of other very profitable crops that can be penciled in for next year. Need to get lentil acreage to 1.5 mill acres or under to start to see some kind of correction.

[rhoff]

Unfortunately for our area we seem to be able to
get lentils to yield the same as peas which means
peas will have to be even higher for us to switch.
Probably won't happen. I wonder if a lot of soy
beans will actually compete for pulse acres as
much as it does canola acres?

[ColevilleH2S]

Where the heck are all of the Large Green acres being grown? In my little circle of the world everyone has either switched to Red Lentils or Peas a couple of years ago.

I'm obviously surrounded by smart people. It's just too bad I have a proclivity to buck the crowd.

[bucket]

pro·cliv·i·ty/prôˈklivətç/Noun: A tendency to choose or do something regularly

[bucket]

For those like me that didn't know what that word meant.

[dave4441]

Your right Coleville, lots of reds in your area. South of #7 though still lots of greens. Rosetown, Moose Jaw. Green market is brutally slow right now but many people moved acres into greens from reds in 2012 because prices where higher in 2011 for greens. Soybean acres wont likely take acres from pulses in my opinion but dont think they are agronomically available for wes side of province. Lentil acres where lost already in deep SE.

[sumdumguy]

That's when I will grow em, when no one else is.
The value is dampened by this inflated dollar.
Rupi crashed.

Canola price is high, artificially high, propped up
by bio fuel, but there is a top. Canola inputs are
high and going higher, yield is decreasing. 40
bushel French Lentil and 22 bushels Canola,
blown all over the countryside.

ipad stuck, this message will be gibbled but I
know you'll get the drift, nothing you havent
heard anyway.

Wheat is only at this price because of

The Lentils leave nitrogen behind.

[dave4441]

That is one of the problems lentils have in that net
returns on avg were probably similar to canola,
with less risk in 2012. I was going to shift some
lentil acres to canola in 13 until my neighbors got
into their acres this fall. Used virtually zero
reglone this yr as well which helped on costs. Not
sure what too think about next yr.