Agriculture Canada has raised its 2026-27 ending stocks forecasts for both dry peas and lentils from August, with the largest increase coming for peas amid a heavier old-crop carry-in and a larger 2026 crop.
The department’s September supply-demand estimates, released Friday, incorporate Statistics Canada’s grain stocks report released earlier this month, along with StatsCan’s September crop production estimates.
For dry peas, Agriculture Canada now forecasts 2026-27 ending stocks at 1.182 million tonnes, up from 860,000 in August. Although stocks are expected to decline from the revised 2025-26 level of 1.182 million, Ag Canada described inventories as remaining burdensome.
The larger outlook reflects both higher carry-in supplies and an upward revision to production. The 2026 crop is now estimated at 3.26 million tonnes, compared with 3.15 million in August, although that would still be down 17% from 2025-26 because of lower yields and reduced area.
Total pea supplies were raised to 4.46 million tonnes from 4.21 million, while the export forecast was unchanged at 2.7 million. India, China and Bangladesh are expected to remain Canada’s leading markets. Domestic use was virtually unchanged at 652,000 tonnes.
Agriculture Canada expects the average pea price to rise to $310/tonne from $300 in 2025-26, supported by smaller expected crops in Canada, Russia and the European Union.
For lentils, 2026-27 ending stocks were increased more modestly to 1.145 million tonnes from 1.09 million in August.
The increase comes despite a small reduction in the production estimate to 2.47 million tonnes from 2.5 million. Production would still be about 900,000 tonnes below 2025-26 due to lower yields and seeded area.
A larger carry-in more than offsets the production reduction, lifting total supply to 3.83 million tonnes from 3.79 million. The export forecast remains unchanged at 2.4 million tonnes, while expected domestic use was reduced to 280,000 from 300,000.
Lentil stocks are also expected to remain burdensome despite declining from the revised 2025-26 level of 1.28 million tonnes. Agriculture Canada continues to forecast an average price of $520/tonne, slightly above 2025-26, citing lower inventories and expectations for reduced global production.
