Price of Yellow Peas this fall

[carebear300]

I wonder if anyone has any insight into the price of yellow peas this fall before October 31. I think if it keeps as dry and hot as it has been in Europe the price should strengthen some what. Am I sniffing bad glue or am I on the right track.

[terri]

The price this fall on yellow peas has slowly started to climb. It is now about $4.50/bushel and hopefully on the way up. Many people are looking for them.

[charliep]

Price of feed peas is now about $4/bu (maybe even a bit more with shopping) reflecting the impact of the EU drought on thier supplies. You would have to include differences in trucking and how splits/dockage is handled to see how this compares to an edible price of $4.50/bu. A couple of newsletters I get indicate there is good potential for edible peas (both greens and yellows) to move higher - may be tough to get much higher prior to your Oct. 31 timetable. If you are not contracted, it may be an idea to sell some edible peas but store some. Put priority on canola and make sure you are using the early pricing option on all CWB grains.

[charliep]

There are three vessels sold to Churchill for 80,000 MT. There are 7 vessels of yellow/green peas sold out of Vancouver this fall. Say 20,000 MT for slitters and another 20,000 for container biz. Farmers have delivered I believe 10% of the production so far, so lets call that 225,000 MT. Add up the SOLID demand against deliveries and you tell me which way peas are going.

For the record, feed peas in the Churchill catchment areas are $4.30 delivered in Sask..

[charliep]

splitters.........i develop a new language every time i type

[carebear300]

Thank you all for your input. I have sold half of my production off the combine as feed. I will wait with the rest for a while to see if I can garner a better price but will have to sell at least another 25 percent before the end of October to pay for those deferred inputs. Thanks again I do appreciate you all taking the time to give me your insights.