Firmer Undertone in Field Peas
VANCOUVER - Jan 15/10 - SNS -- Field pea markets finished the week's trading on a slightly firmer note, helped by strength in the Canadian dollar.
Combined with reluctant selling by North American growers, this allowed markets to ignore a massive increase in field pea inventories in the United States.
As of December 1, inventories total 1,066 million pounds, up from 687.6 million the previous year. However, export movement from the United States was strong during the opening quarter of the 2009-10 marketing year.
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