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North American Field Peas Firm
VANCOUVER - Mar 16/07 - SNS -- North American field pea markets maintained their firm tone across the past week against ongoing export demand and reluctant grower selling.
Current and new crop grower bids in western Canada continue to advance, resulting in predictions Canada will set a new record for field pea seedings.
Spot grower bids for whole yellow peas hit the magic CDN $7 per bushel or roughly U.S. $219 per metric ton (MT) for farmers dressed peas delivered western Canadian processing plants.
Spot bids for green peas ranged up to CDN $6.50 per bushel or U.S. $203.50 MT; while new crop green bids ranged up to CDN $6 per bushel or U.S. $188 MT and yellow peas ranged up to CDN $5.50 per bushel or U.S. $173 MT. Growers see these numbers as strongly competitive with canola.
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