Peas Wait For Seeding Intentions
PANAMA - Apr 19/19 - SNS -- Field pea markets were in holiday mode for much of the past week, resulting in little change in prices.
Markets are also looking toward Canada's April 24 seeding intentions estimates for an initial feeling for supply and demand fundamentals for the coming marketing year.
Even so, it is important to recall that seeding intentions are not iron clad. Growers will adjust based on market reaction. This was clearly the case last year, where growers reduced their intended area once they realized demand from India would further collapse because of quantitative limits on imports.
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