STAT Communications Ag Market News

New Crop Transition Underway In Peas

PANAMA - Jun 2/23 - SNS -- Seeding of the North American field pea crop is essentially complete, with the result the attention of markets is increasingly dominated by new crop considerations.

Market participants are keen to see this year's seeded area estimates. The USDA estimates are due June 30, while the Canadian numbers are expected on June 28.

There is more anxiety over the Canadian data because this year's seeding intentions report was deemed an accurate reflection of grower plans because the survey was done in December at the same time Statistics Canada was compiling final production data for 2022.

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