Brian Clancey on MarketProspects: Pulse Crop Market Review of Peas & Faba +SoyBeans

[AgrivilleAdmin]

[farmaholic]

Go to Sask Pulse Growers website and under the "news and events" tab, under "news" are the presentations that were made by the presenters at the Regional Pulse Meetings in Sask.

"Pulse Market Outlook for 2017 with Brian Clancey"(last one in the list), in that presentation he has green peas with ending S/U ratios of 3% for both 16-17 and 17-18 crop years. Well, who knows for sure what 17-18 holds but to say 16-17 will only have 3% S/U by the end of the crop year I think is overly bullish. Prices sure aren't reflecting that prediction!

Any thoughts?

At 3% you may as well say the cupboard is bare!

[furrowtickler]

I believe s/u will be tight and you are right the price is not reflective of that yet.
The buyers have bought what they need for now , backed off to let price drop before they may need to top up orders before the new crop is established. Just my thoughts.
If greens and yellows stay about the same price - green acres will drop as fringe pea growers go back to yellows.

[farmaholic]

Yes green pea bids have backed off and some Cos have said they are bought out to late spring early summer. .....then it's only one and a half to two months till new crop supplies are available! ....Or six months from now which kinda seems like a long time before new crop supplies are available......hmmmmm, what to think and believe!

[farmaholic]

Shhhh..... because we farm in the slum of the Ghetto and because of our last year's anomolous crop yeilds, which are some people's norm, means we have almost twice as much to market than we usually did some years. Time will reveal the answer of what's left July 31st.

[sumdumguy]

Sask Crop intentions will be out this week I think. That could be a game-changer. Durum- down-down-down. Red lentils acres diving too. All rest who knows.