Agriculture Canada has bumped up its new-crop dry pea and lentil ending stocks estimates from last month due to larger expected crops.
Monthly supply-demand estimates released on Wednesday pegged 2026-27 dry pea ending stocks at 945,000 tonnes, up 100,000 from the government’s February estimate although still below the 2025-26 forecast of 1.31 million.
Lentil ending stocks were similarly revised 100,000 tonnes higher from last month to 1.67 million, now little changed from the 2025-26 estimate of 1.695 million.
This month’s supply-demand estimates reflect the March Statistics Canada acreage report, which put projected spring seeded area for the two above the estimates used by Ag Canada in February. With the larger seeded area, Ag Canada raised its pea and lentil production estimates by 100,000 tonnes each to 2.95 million and 2.35 million, respectively.
With all other demand estimates left unchanged from February, the increases in production went straight to the bottom line to pad ending stocks.
New-crop dry pea and lentil price projections were unchanged from last month as well, holding at $310 and $540/tonne, compared to $300 and $510 for 2025-26.
Most other pulse and special crop ending stocks estimates were also raised from last month, with canary seed seeing a particularly steep jump to 190,000 tonnes from 155,000 – also due to larger seeded area and production estimates compared to February.
On the other hand, Ag Canada slashed its 2026-27 dry bean ending stocks estimate all the way down to just 5,000 tonnes – versus 50,000 in February and 65,000 in 2025-26 – as the StatsCan report showed lower-than-expected new-crop planting intentions.
