Green peas

[GOODRUM]

Who’s buying?
What’s the price?

[furrowtickler]

Sold some for $12
Should be $15

[dave4441]

Market is basically $12/bushel del. Demand is poor though and isn't that deep either.

[furrowtickler]

We got $12 picked up

[Guest]

Market is basically $12/bushel del. Demand is poor though and isn't that deep either.

what are you seeing for canary dave?

[dave4441]

what are you seeing for canary dave?

We are 40 cents delivered to Lajord, Saint Gregor and Kindersley.

[furrowtickler]

Market is basically $12/bushel del. Demand is poor though and isn't that deep either.

Are they concerned at all about the poor green pea crop in general? Or this simply a very poor demand thing ?

[beaverdam]

How was the green pea crop in Europe?

[dave4441]

[QUOTE=furrowtickler;548695]Are they concerned at all about the poor green pea crop in general? Or this simply a very poor demand thing ?[/QUO

India used to take 50000 MT of green peas from us each year on an import process that simply increased the price internally in India to the point that their farmers started to grow green peas and grew 150,000 MT of their own production and now we don't have that demand. Our prices went to $15+ last year and demand to Latin America dropped. China is dead dead dead and they will buy at some point but as yellow peas work towards $10/bushel they are viewing green peas as expensive.

Last year the demand was based on USA pet food (china bought 1.257 MMT 2021-22 and 2.635 MMT in 2020-21 - this drop was due to pet food pricing). They have more product available in USA this year and we cant compete with the rail cost to get it into central USA.

Europe could buy more that is true, but they only bought 8776 MT last crop year. Normally they use peas for feed and likely find something cheaper and closer.

I am not sure what carryin is Aug 1 2022 but it wasn't zero.

I am all for bullish markets as a farmer but their is a reason why pea values in general have dropped and it doesnt hurt to be realistic about the issues surrounding this market.

High prices cure high prices. Very few farmers forward sold any special crops this year and this lack of sales will impact these markets this fall as well. There is no heavy line up of vessels in Vancouver to take crop this fall.

Hopefully I have shared enough data that you understand that this isn't my opinion to simply buy cheap grain it is the reality of our markets. We have a extremely small program today and often dont even have a price.

[furrowtickler]

Excellent info , thank you 👍
Green pea will be axed from rotation from now on