Yellow peas

[Kraut]

oldcrop dropped over $1 today and 20 cents on newcrop. $7.75 old and $7.95 new now.

[errolanderson]

Europe credit woes may be affecting Cdn
pea market.

Old crop barley bids also losing
altitude on weakening feedlot demand.

Dairy products apparently dropping in
the U.S. due to consumer pullback.

But China cut rates 1/4% this morning to
3.25% in an effort to prop up their
economy. Just 3 months ago they were
fighting inflation . . .

[dave4441]

This is always a soft time in certain markets. Buyers trying to buy thru seeding (especially a late one like this year) tend to be forced to pay up and then it seems like everyone wants to sell the same day that they are done seeding and things back off. Not sure on pea demand side but am guessing trade is getting to the bottom of their old crop program and soon everything will be about new crop.