Peas

[Hamloc]

Talked to Viterra this morning triggering targets for March at 6.75.

[Quadtrack]

ILTA had $6.75 for Jan del yesterday.

It’s not a game in India. It’s a balancing act for 1.4 billion people. Too low a price and farmers with a hoe, waterbuffalo and 2 ha of land can’t make anything. Too high a price and consumers with only enough rupee to buy food one day at a time go hungry.
We may not like it, but that’s reality.

[dave4441]

Depends if you can afford it.

Need cash flow, i'd look at selling some.

Good on cash flow. Try and out wait the tariff. Not a guarantee as no one knows when it will end. Could be 3 months, 6 months, etc.

But once the tariff ends India will likely continue to buy peas not from Canada. Black sea regions mostly.

Will see a bump in prices as demand is less pressure but won't be anything crazy. $7 maybe $7.50.

India will buy peas with the duty in place. The duty doesn't have to come off for them to buy but you are correct. It is likely Russian peas or whichever is cheapest.

[the big wheel]

Your bids on peas always have that walmart smiley face Dave.

[dave4441]

India will buy peas with the duty in place. The duty doesn't have to come off for them to buy but you are correct. It is likely Russian peas or whichever is cheapest.

What is my bid today on peas?

[the big wheel]

Why do you have alzheimers?