The yellow pea market has remained strong this week with values getting slightly stronger than this time last week. We have seen trades being made at $14.00/bu picked up on farm for #2 or better quality depending on location. New crop yellow peas haven’t seen much change with values still ranging from $9.00-9.30/bu picked up on farm for Sept/Oct movement with a full act of God based on #2 or better quality. Green peas have remained flat this week with buyers still indicating around $9.00/bu picked up on farm for #2 or better, max 3% bleach. We have buyers looking for higher bleached green peas as well with price depending on percentage of bleach. New crop green peas are still being offered at $9.00/bu picked up on farm for Sept/Oct movement with a full act of God as well. We still have some specialty new crop pea contracts for both Redbat 8 and Marrowfat peas for growers looking to try something different this year. Call the office for more details if you are interested. ...
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Flax prices are a little softer this week with prices being indicated around $11.50-$11.75 picked up in the yard. There is still a heavy supply of flax and not a large boost in demand. Canadian farmers are getting the benefit of the lower dollar as US prices have declined. The loonie seems to be the biggest variable right now. There has not been a true forecast on new crop acres as of yet as flax has been in the shadow of pulse markets. New crop pricing is available with indications in the $11.75 range picked up with an Act of God. The heavy supplies of flax will limit any significant upside potential on prices. If the Canadian dollar starts to strengthen, we could see prices go even lower. Prices for next year will likely see more pressure as well. ...
The yellow peas market has remained stable this past week with not allot of change in values. Buyers are still looking for old crop yellows at $12.50 - $13.00/bu picked up on farm for Feb/March movement, with some in the industry starting to push their movement further out. Green peas have seen some ups and downs with business triggering at $9.50/bu picked up on farm over the last few weeks. Currently $9.00/bu FOB farm is a more common bid for #2 or better green peas. Recently we have seen a few buyers interested in old crop maple peas for growers that still have some product they are looking to move. Price will depend on location and variety you are looking to move. New crop business on green and yellow peas has been slower so far this year with some trades taking place at $9.00/bu FOB farm with an act of God for both green and yellow peas. We do have a few buyers looking for new crop Marrowfat peas in the 14.00/bu range picked up on farm with an act of God as well. We do have a new IP pea contract available for growers that are interested in something trying something new. Growers would receive a premium for this type over the yellow pea value. If you are interested in getting more information on this program, get in touch with your Rayglen merchant. ...
The pea market has been strong the last few weeks for both green and yellow peas. Yellow peas have been leading the way with solid demand and prices slowly inching higher. Currently buyers are hovering around $12.50/bu picked up on farm depending on location or $13.00/bu delivered plant for March/April movement. New crop yellow peas have been slower to react compared to old crop, but trades have been in the $9.00-9.50/bu range picked up on farm depending on location for Sept/Oct movement with an act of God. Old crop green peas have improved over the last few weeks, but at a slower pace than yellow peas. Buyers are currently looking for old crop at $9.50/bu picked up on farm for March/April movement based on #2 or better quality. Higher bleached peas have been trading in and around the $8.00/bu mark depending on percent bleach, location, and freight costs. New crop green peas have been sluggish with buyers doing $9.00/bu picked up on farm with an act of God, in light trade. ...
Happy new year to everyone! I hope Santa found you wherever you were hiding. Comfort sounds like it is the name of the game when it comes to canary supplies. Lack of buying and selling has kept prices around the 25-26 cent mark for old crop and indications of 23 cents on new crop. It sounds like this is going to be the standard going forward into the crop year unless there is a buyer that gets into a short position and needs to cover some sales. If you are coming to Saskatoon next week for the Crop Production Show be sure to take in the canary meetings to get more insight on the canary markets. Also, be sure to stop by our booth for up to date bids on all commodities. ...
Recent Commodity Bids
Peas - Yellow
Movement: DELIVERED February - March, 2016
Area: Contract Type: Spot Purchase
$14.00/buGrade: #2 Canada
Flax - Brown
Movement: FOB February - March, 2016
Area: All Areas Contract Type: Spot Purchase
Lentils - Small green
Movement: FOB February - March, 2016
Area: Contract Type: Production Contract
$0.37/lbGrade: #1 Canada