STAT Communications Ag Market News

Peas Finish With Strong Movement

PANAMA - Jul 27/18 - SNS -- Field pea markets finished the week's trading and marketing year helped by continued strong export movement.

Unofficial data from the Canadian Grain Commission reveals 205,300 metric tons (MT) of peas were loaded for bulk export the first three weeks of July, setting a new single month record for July.

This suggest Canada finished the 2017-18 marketing year with a residual supply around 608,000 MT. Though more than double last season's ending stock, it is below initial fears and suggests residual supplies of peas will continue to decline through the coming marketing year.

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