Peas What to do?

[SASKFARMER3]

Seems the harvest season will begin very shortly as yesterday our first pea field was starting to show areas of dry down. By Friday they will get reglone or roundup 3/4 liter then in ten days with the head harvest. So here is the dilemma, does one bag them and tell the grain companies to go fruck them selves. Since from Canora to Regina their are only a few fields grown this year and yes they are pretty good for the most part it seems when the price for edibles is in the 4.75 to 5 range were getting screwed for all our work. But my reps for Viagra and cargill say take a target master for 6 and when it gets their we will buy. Yea they pick off the 4.5 the 4.75 the 5 and maybe the 5.50 first. Its not marketing its where each farm needs to be for room or pay the bills quickly.
Now last count was 13 to 16 quarters in the 300 km drive so east side of Sask did drop acreage of peas. But the west did increase but buy how many. Flooded out areas are easy to asses, nothing recovered their.
But stats Canada wont release their estimate till the 20th or 25th of august well past harvest for most of the crop.
What are others doing.

[JDGreen]

I would like to know where in the west they are increased. We are in a huge pea area as a rule. Pea acreage is significantly down in our area, and in fact we grew "ZERO" acres this year .. Why grow more when your are already sitting on a dozen carloads. I say bag them. From SW Sask. to Ponoka there are not as many fields as normally is. The pea market is in for a rude awakening in the next 6 weeks IMO.

[newguy]

Peas south of Regina down as people seeded more chick peas and lentil,.. Some pea crops look great but lots of early do not look good. So who realy knows what production will be..

[SASKFARMER3]

JD I havent traveled your way this year so just from what I heard. But you know whats up in our area with flood and peas were not seeded or dropped some very early canola was seeded in april and looks awsome also stuff june 15 looks awsome but probably wont make it. Now peas that I saw were around Edgeley to Balcarres and the ones there are hit and miss. I think the pea market is also in for one heck of a shock. Like Oats their is very little grown this year so what if we are sitting of some in bins a neighbor had 4 bags that he pushed two into the slough. Never looked at all winter.
I feel the buyers either know that the crop is the shits and are filling invintory thanks to Stats canadas inital posting. Tell the people your getting product from (farmers) their is lots and tell your buyers (Quaker oats) dont wory we will secure our supply and have till stats canada releases its august report then the shit will hit the fan.
Bag them is my guess.

[JDGreen]

speaking of oats, I am looking at the only field of oats i have seen this year just NE of Ponoka. Pea crops here are either good or mostly drowned and rotted. Best crop i have seen from SW sask to Ponoka are just south of Swift Current and around Three Hills . Canola around Red Deer/Lacombe/Ponoka is a total mixed bag . One field looks awesome and the one beside it is crap. One field is podding and the next is in full boom and only 2 foot high. They have an average canola crop at best IMO over here. 5-6 weeks frost free or all h e double hockey sticks is gonna break loose..

[northfarmer]

we have sold a chunk of new crop starting at 5 and getting to 6, cuurent off combine bid is 5.42. Some guys have already tested and we are close to going. Acreage is up 20% in Alberta, and in the Peace the crop is one that has done best in drought as it went in very early. The trade has already factored in large carryout and lower production for a return to more normal carry out. Talk is to sell into India based tender rallies that could take on farm pay to 6.50.....but as they say dyodd...

[boarderbloke]

If I were you I'd bag. SF3, I thought at one point this year we'd have the best crop ever, maybe even 25% above avg, but it just hasn't turned out that way. Yes some are above avg, but most just look avg. Avg # of pods w/ avg # of seeds, I'm just talking production on harvestable acres, not mentioning drownded out. I think all grains are ready for a big move up, particularly if the heat continues in the midwest(Aug heat not good for beans) and peas have a long way to go, to correct to where some of the other grains have. Had some ugly peas(feed) here yet from last year and let them go a couple weeks a go for $4.00, needed the space as I'm also still holding plenty of canola too. There is greater upside to canola, but now as I see how the pea crop is finishing, I wish I still had them in the bin.
I'm tightening my grip on stocks, JMHO