what is the opinion on Green Peas for this coming year

**carebear300** · Nov 28, 2012, 06:12

Not me, have yellow pea seed of my own. Every bushel of green pea seed will be planted next spring and if nothing happens, it will be lucky if it is worth as much as yellows next fall. Just my humble opinion was wrong once before, HEHEHE!!!!!!!!

**furrowtickler** · Nov 28, 2012, 07:31

The premium should be at least a $1 -$1.5 over yellows until the Dakota boys get back in the green game. There is not enough seed , let alone good seed to even marginally increase green pea acres for 2013. My humble opinion - lol

**bigzee** · Nov 28, 2012, 08:11

At $18 for seed canola seed is starting to look cheap. Lets all get on the green pea band wagon. Like the saying goes "farmers are their worst enemy."

**farmaholic** · Nov 28, 2012, 08:13

Growing green peas in 2013 = coming to the party late!!!

**dave4441** · Nov 28, 2012, 08:55

THis is mainly about a loss of 200,000 MT of green peas from Argentina production as anything. Sure, USA drought issues help all prices, but main catylyst was loss of production in Argentina due to heavy rain. NExt year is anybodies guess but heard $10/bu was offered yesterday for new crop. Exceptional price.

**haveapulse** · Nov 28, 2012, 20:38

Stock to use ratio on peas, as a whole is below 10%, in similiar territory that drove lentils to .50 cents. Given that peas as a whole are more difficult to increase given the availability of good seed (many fields were dessicated with glyphos as clean up after a rainy season, and some seed is just too high in disease to qualify), yes the cost per acre is high, but the odds of prices to stay in the range for another year is high.

Therefore, my guess is pea prices will stay in friendly territory, and with lessglobal competition in green peas than yellow, I am betting green, or maples... but yellows are golden too!

May the Ps be with you.

**errolanderson** · Nov 28, 2012, 22:09

Cdn peas have been a cheap form of human protein. Green supplies may be snug for another year possbly. But the green premium over yellows must now be a record (around $4/bu). Growers are clearly in the drivers seat in the green market for the time being.

Suspect that this green premium wiil eventually narrow to more traditional $2/bu or lower over the next year.

Overall, the Cdn edible pea market looks solid ahead into 2013 (IMO).

**furrowtickler** · Nov 29, 2012, 05:59

$2 /bus should be normal. The green pea market has been stealing high quality green peas for several years at the same price as yellow - sooner or later it had to break. Regardless it is finaly good to see the spread back.

**haveapulse** · Dec 4, 2012, 21:23

Green pea demand is less elastic than yellow,
therefore the premium gap could well remain in
this range given the fact there just is not enough
green pea seed around to dramatically increase
production!

what is the opinion on Green Peas for this coming year