News

Canada Pea Weekly Market on November 27
2020 / 11 / 28

StatsCan production estimates are going to be released next week and peas are expected to come out slightly higher from the last estimate, however this will likely have little impact on our pricing. Our Canadian bids continue remain firm, which confirms strong demand, but we are seeing a small drop in green values. Yellow peas are at $9.00/bu delivered, while green peas pull back slightly to the $10.00/bu delivered range. Maple peas remain unchanged at $10.00 – 10.50/bu picked up. As per reports, the Black Sea Region’s pea prices are at multiyear highs due to their supplies being tight which is causing their domestic processors to bid aggressively. With the Black Sea Region’s supplies being tight we are also expecting their export to slow later into the marketing year. Therefore, if China continues buying at a steady flow our Canadian pea prices should remain firm.

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