SK Pulse Market Report | Farms.com …
“Peas are projected to make the biggest comeback this spring with a 27% increase in acres over last year. While new crop bids for both yellow and green peas have been thin, initial estimates are between $7 and $7.50 for both colours. New crop yellows are bid USD$7/bushel (bu) in North Dakota while green peas are bid USD$7.50/bu. With yellow field peas and red spring wheat running at the same levels for fall delivery, look for higher pea acreage and higher fertilizer prices as we head into spring. If the weather patterns don’t change soon, this will be the first time since 2005 that some farmers will contemplate the lack of moisture before seeding. I expect field peas will be seeded on 3.1 to 3.2 million acres versus Ag Canada’s 2.964 million.”
