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Few Changes in Feed Pea Situation
VANCOUVER - Jan 5/07 - SNS -- European feed pea markets were mostly unchanged on the week in local currency terms, and down slightly in U.S. dollar terms because of strength of the greenback versus other major world currencies.
International feed ingredient markets sra starting the new year on a somewhat easier note, reflecting worries that funds will move money from primary agricultural commodities into other areas which they deem to be more profitable.
This concern was compounded by the fact funds were sellers the opening days of the week. But, they withdrew from selling by week's end with the result the ongoing commercial buying ended up lifting markets for corn and other key products during Friday's trading session.
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