European Feed Peas Mixed
VANCOUVER - Dec 12/08 -SNS -- European feed pea markets ended the week's trading on a mixed note as strength in the Euro and pound sterling offset declines in local trading values.
The factors influencing feed peas remain the same as those impacting its major competitors -- corn, soybean meal, tapioca meal, and other ingredients
Alaron Trading Corporation's Tim Hannagan put it into focus, saying, "The fundamentals remain nearly non-existent as we are in the dead of winter. This means we still come in Monday and look for direction in pricing from outside markets in this order of importance: crude oil, dollar index, and Dow Indicies, crude oil up and dollar down takes grains higher and the reverse lower."
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