STAT Communications Ag Market News

Smaller Pea Area Worrisome

PANAMA - Jun 29/18 - SNS -- Land in field peas in Canada ended up 7% below this year's intentions, according to Statistics Canada, dropping from 4.093 million acres last year to 3.603 million.

Ironically, whereas markets were dismayed by the seeding intentions, optimism about demand now has some market participants hoped actual seeded area will be revised upward, closer to what farmers were telling Statistics Canada in March.

This summer's residual supplies of peas will be lower than feared because of unexpected demand.

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