Yellow Peas/ India. Tariff removal

[Stormin]

I wonder if its just a coincidence that Viterra came out with a $11 special a few days before and was phoning everyone to sell. With my location it was the best price at the time when considering transportation and cost of carry. I'm just wondering if there was something sinister going on behind the seens at viterra,

Good observation, I would say that's exactly what they were doing.
That's OK I sold off the combine at $11.25 on a 67 bu./ac crop and promptly bought Bitcoin so I hedged my bet and have done better than $13.67. Gotta make your money any way you can!

[Guest]

That was a good price off the combine
$9.50 here
chucky knows all about bitcoin , he had mentioned that it was a good bet against inflation, he was right

[Stormin]

That was a good price off the combine
$9.50 here
chucky knows all about bitcoin , he had mentioned that it was a good bet against inflation, he was right

Yup, Bitcoin, only place to put your money this year. Not gold, stock market, real estate or machinery. Probably even better in 2024.
Peas were my best crop this year...canola the worst, but still OK.

[westernvicki]

The value of trade: India.

The reminder of what trade does to a market came with a 3$ / bushel boost in pea prices in a few days as India allowed trade with Canada on yellow peas. Definitely a flash in the pan as the boats need to be sold, and loaded, as this window of opportunity is only open in front of Ravi crop. Exporters and buyers needing quick supply chased for commitments.
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The move took the market by surprise, as most did not expect to see this in front of the spring election.
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All eyes will be monitoring the Ravi crop developments for future market signals, any shortfall could remain interesting, and by then the moisture or lack of it in Canada will be a focus of the trade too boot.
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On that note, domestic demand is golden. Sunnydale Foods buys 12 months of the year so keep us in mind for summer inventory of both yellow peas, high bleach greens and fababeans.