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Little Change in Field Peas
VANCOUVER - Jun 29/07 - SNS -- International field pea markets ended the week little changed in light spot market trading activity and ongoing new crop trading interest.
Markets were not surprised by the USDA's stocks in all positions report for field peas, which showed stocks in the United States are much tighter than last year. Nor by the Canadian seeded area estimates, which show the country planted a record quantity of peas this year.
Dry edible peas stocks in all positions in the United States fell 36% from 2.123 million to 1.366 million cwt. Ending stocks in both Canada and the United States are now expected to be at levels which the market views as being "sold out".
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