All is quiet on the Western Seed Front
There isn't much to report on the markets this week because both international buyers and Canadian growers have been slow. The majority of demand is following the traditional summer cycle, with many customers waiting for new crop. Growers have virtually stopped selling this week as a big 10-day heatwave is expected to hit the plains next week.
While certain producers in the lentil-growing region have gotten a lot of rain in the last month, this is not the situation for the entire region. Because many growers just to our south have had little rain this year, this heatwave has the potential to have a substantial negative impact on crops.
The freight issues are also getting worse, with vessels cancelling trips from Canada and existing vessels having less and less space. Last week, we spoke with Hapag Lloyd, who stated unequivocally that the logistics problems will worsen for at least the next four months.