CANADIAN PULSE CROP REPORT AUGUST 2, 2016 KEVEN SAWCHUK Senior Merchandiser Viterra, Inc.

Canadian Pulses Up…Up… and Away 25% growth In past 3 years 2016 Canadian pulse acres 10 million + Investing to support export growth

2016 Canadian pulse and specialty crop acres

Chick Peas (Garbs) 2016 Acres up 25% Export surged last 6 months Limited dedicated processing Primarily grower speculation on Kabuli types Small caliber 5-6mm acres increasing 170,000 acres x 16cwt yield = 2,720,000cwt carry out 60,000cwt total supply 2,780,000cwt

Dry bean contracting and planting summary Pinto / Black bids first to move Price support in time to increase acres slightly White bean bids last to improve – too late vs. Soy, Canola, Lentil, Peas, etc.. Plantings sharply lower on Navy and small reduction on GNB Planting - Alberta early / Manitoba on time / Ontario very dry some delays Acreage stagnant last decade approx. 300k / yr.

2016 Canadian dry bean acres by type

Current crop conditions Reports of excess water, weed pressure, disease mostly a lentil story at this time Yield estimates being reduced Lentil harvest delayed Pea harvest underway – yield and quality TBD Dry beans Western – above average yield potential Central – average – trending down due water, hail Eastern - average – due dryness in some areas

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