STAT Communications Ag Market News

Peas Remain Mixed Over Demand Worries

PANAMA - Mar 24/23 - SNS -- Field pea markets finished the week's trading on a modestly easier note as markets grow somewhat concerned about the rise in inventory relative to prospective demand.

On a percentage basis, disappearance from farms is roughly similar to last year, but with last year's increase in output, residual stocks are expected to increase.

Markets are keen to see the USDA March 31 seeding intentions, hoping to gain clues as to what will likely happen in Canada.

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