New crop Yellow Pea Price on the Rise: Using W 1/2 of Saskatchewan as a benchmark, the price journey started with postings equivalent to the high $7’s, then $8/bu and so on. The analysis in demand bull conditions can be kept relatively simple. China should buy as many peas at $8/bu as farmers will sell and grain shippers will ship. Move calendar and shipping slots forward, raise price and on it slowly goes until import arbitrage math into China doesn’t work.
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