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Pulse Canada 2022-23 Annual Report

I am pleased to present members with Pulse Canada’s 2022-23 Annual Report. As we reflect on the past year, it is evident our organization has achieved significant milestones and tackled some big challenges thanks to the dedication and collaborative efforts of our members, partners, and staff. 

Canada’s pulse industry is experiencing dynamic growth and transformation. As you will see throughout this report, it is our collective commitment to innovation, sustainability, and business-forward policy making that has propelled us forward. Over the past year, Pulse Canada played a pivotal role in advocating for the interests of our members and representing the pulse sector at both the national and international levels. 

This year, the Board of Directors developed a new strategic plan, building off the work done from our 25 by 2025 initiative. Our vision is simple – a world where Canadian pulses are the preferred choice. To make this vision a reality, we are focusing on six key areas to help pulses pave the way to a healthier and more sustainable future with solutions for every link in the value chain. You can read more about this report and dive deeper into each pillar here. 

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Wheat Futures Head for the Moon on Escalating Drought Concerns

Video: Wheat Futures Head for the Moon on Escalating Drought Concerns


???? Wheat surges on drought: Prices jumped to multi-week highs as worsening dryness grips the Plains, with 70% of winter wheat in drought. Corn edged higher, while soybeans slipped.

??????? Mixed weather pattern: Rain improved parts of the Corn Belt, but drought worsened elsewhere—especially the High Plains and Kentucky. Nebraska conditions sharply deteriorated, with 56% in extreme drought.

????? Oil spikes on tensions: Crude climbed over 3% near $96 as Iran keeps the Strait of Hormuz restricted, while fragile ceasefires keep geopolitical risk elevated. ???? Pulses gain favor: Farmers are shifting to peas and lentils as a rare profit opportunity, driven by strong protein demand and lower input costs.

???? Exports mixed but solid: Corn sales dipped week-over-week but remain strong overall; soybean and wheat sales showed mixed trends, with steady global demand.