Grain market changes
Mar 18, 2011 | 6:50 AM
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According to market analyst Chuck Penner of Leftfield Commodity Research, there have been a number of interesting developments in the grain markets over the course of this crop year.
In field peas, there has been a complete turnaround in the ending stocks situation. Yellow pea exports have been amazingly brisk meaning we’ll end the crop year with low stocks – the exact opposite of the previous year.
The demand for yellow peas has been so strong that they’ve seen higher prices than green peas, which is unusual. In the last couple months, Penner notes than peas have been moving to Spain and China rather than India.
