How High Will Pea Acres Go in ’16?
December 29, 2015
Pea prices in Western Canada are at record levels and showing no signs of weakness, largely due to the pulse crop shortage in India.
Old crop yellow peas are fetching spot bids over $11/bu while contracts for 2016 are in the $9.50 to $10/bu range (most with Act of God clauses). In this Pulse School, Chuck Penner from LeftField Commodity Research looks at the never-before-seen situation in the pea market.