Most Commodity Prices are Down, One Crop Remains Steady

Published 09/22 2016 04:15PM

Updated 09/22 2016 04:19PM

Copyright 2016 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

 
Prices are down across the board for most North Dakota crops.  
There is one exception, Ben Smith looks at one commodity's value that's remaining steady.
 
It's nearing the end of harvest season, and trucks are unloading.
 
"When we're processing we can do anywhere from 20,000 pounds an hour up to 30,000 pounds an hour," says Gene Midtleider, Processing Plant General Manager 
 
Today, it's not all about the wheat or the corn,  it's crops like peas and lentils that are in high demand.
 
"Pulse crops haven't suffered nearly as bad as corn or soybeans or wheat," says Kevin Haas, owner of Legume Matrix
 
Pulse production across the world is down and large consumers like India are relying on states like North Dakota.
 
"Countries that we export a lot of product to are so used to the pees and the lentils and the chickpea in their diets that they don't want to substitute if they don't have to so we're still do find ready takers," says Haas
 
Compared to North Dakota's other leading crops, Pulse products aren't that popular in the US.  But Haas says they may start showing up in every day foods.
 
"The American consumer is starting to wake up be a little more health conscious...the baking industry and putting it in cereals and such, it's going to be huge.  If you just increase domestic use by a tenth of a pound or even two tenth of a pound, you could come up with a scenario where the US couldn't produce enough of what could be used,"
 
He's not sure how long the value will remain steady but for now they're enjoying steady prices.
 
Haas says Pulse products are typically best grown in colder climates.  He says North Dakota, Montana and Canada are some of North America's biggest producers.

Copyright 2016 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.