MarketsFarm — Prices for green and yellow peas have been starting to move further apart, according to Levon Sargsyan, grain broker with Johnston’s Grain at Welwyn, Sask.
Sargsyan pointed out that prices for yellow peas have been slipping back recently.
“Export demand has dropped overseas, so that’s been pushing the yellow pea prices down. The market seems to be taking more yellow peas right now is the feed market,” he said.
Meanwhile, green peas have held steady or bumped a little as that market remained strong, Sargsyan added, noting it’s been around $13.50 per bushel picked up on the farm.
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As of Monday, green peas added 25 cents/bu., according to Prairie Ag Hotwire. Prices in Western Canada have been $12.50-$13.50/bu. on the farm and $13-$14.50 delivered.
Yellow peas, on the other hand, have slipped back 20 cents/bu., with prices at $10-$11 picked up or $10-$12.80 delivered.
For the most part, feed prices on the Prairies continued to remain consistent for peas. Those in Saskatchewan and Manitoba haven’t changed, at $10-$11/bu. picked up in either province. As for delivered, Saskatchewan prices were $11.50-$12.70/bu., with no delivered price for Manitoba. Alberta saw its prices drop 68 cents/bu., with those delivered getting $12-$12.66.
With more processing plants to start up, Sargsyan said the future looks good for peas on the Prairies, especially for yellows.
— Glen Hallick reports for MarketsFarm from Winnipeg.
