Pea Games!

[SASKFARMER3]

I find it funny when their is a short crop and their is a country or two that needs a crop that the Grain Companies just cant get off their wallets and pay for product.
Their is a few boats sitting in Vancouver that need peas and the Big pea growing area of the last 10 suddenly became dry. So now they need peas from the East side of Sask and Manitoba yet they don't want to pay.
Calls coming from all angles looking for peas I can only fill five cars with what I have left but if the Elevator at home is Below 9.00 and the two on either side are 9. Why would a special be 9.00.
Sink the F$%Ker Ill take 7 in winter and still feel happy about my crop.
Some times grain companies make mistakes and guess what they did by believing the dry areas the new normal was wet. East Sask was and Manitoba were just swamp land good for just boating.
History says more grain from our area since faming began.
So again 9,00 isn't no premium.
Farmers beware, their short.

[ALBERTAFARMER4]

Why let emotions get the best of you? Historically $9.50/bu peas is a great price. There is way more downside potential than upside potential with yellow peas right now. If you're waiting for 11 you probably will sell for 7.

[SASKFARMER3]

I forgot good old alberta has half the crop of last few years. They counted on the dry area for year.
We were offered never 9 in the east and now they think 9 maybe is a fair price.
Like I said ill sell the rest at 7 to who ever its still very good return per acre. But lets help out with getting out of contracts by taking 8.80 so the 9.50s in alberta get a break.
FM.

[oneoff]

You sell for seven and you'll never get eleven.

Plays right into their hand....just like the system is designed to work....and will work

[bucket]

Until everyone quits growing peas. And anything else that doesn't pencil out.

Canola has lower acreage because guys are sick of the costs. Now the crop came back a little because of rains and they drop the price some more.

That will get acres for next year.

Most guys are so under water with their canola crop input bills I doubt you see an increase in acres next year.

[stonepicker]

sk3, your logic is e-logical

[farmaholic]

I wouldn't expect anything different this time of year. There will be lots of low hanging fruit that will get picked. The choice is yours whether you want to sell into current prices or hold out for hopefully higher prices later. Some will see it as an opportunity and take advantage of it. Those who need cashflow will.

I have found that while I stand there with my heels dug in alot of the time someone else will step ahead and feed the beast.

Counter offer at a price you think will still buy them. They're not going to pay you anymore than they have to.

[Rareearth]

Sask3 your are right.
Other years importers covered from ND and Montana. This year they will cover from other origins, that's the new game.

Price risk is exponential to the upside. If there was a $9 move peas would be $18 bu or $0 free feed for Cowboys. Of course pea price won't go to $0.
Long option purchases in short markets are a better value (Lottery Ticket).

[SASKFARMER3]

I don't want 11 just get me the 9.50 and I'll bite! Alberta farmers had they couldn't grow do don't insult me with 8.80 to 8.
9.50 is fine!
Hell 620 a acre I'm happy!

[farmaholic]

They only ran 65?

[farming101]

Looks like harvest discounts are here to stay. Been that way for over a hundred years.
Price offerings suggest there are sales on the books out till February. Check if anyone is willing to meet your asking price if you store and keep in condition till Feb.
If you don't want to store, dump now and enjoy a good per acre return.
Alberta is reported to have record pea acreage this year. Even if yields are poor they are likely the ones who will "feed the beast".

[vvalk]

sask3. Boy too wet sucks eh. 65 bus of pea. Way worse then drought!

[SASKFARMER3]

No I said were back bring on 7 more years of drought! Looks like I might get my wish!

[FarmerSmuck]

SF3- What will your return per acre be on Peas after 7 years of drought!!!! Careful what you wish for.

[ado089]

Where do I sign up to trade my 18 bpa peas sold for $9 for a 50 bpa crop for $7.