April 20th: GrainCents Peas Sales Position Update

Good Afternoon!

2017/18 (old crop yellow peas)

Moving from 80% to 90% sold, selling 10% for anything in 2Q2018 (Apr/May/June 2018) movement. Depending on region, prices are ranging from $7.00 – $7.50 CAD / bushel. 

2017/18 (old crop green peas)

Moving from 60% to 80% sold, selling 20% for anything in 2Q2018 (Apr/May/June 2018) movement.  Depending on region, prices are ranging from $9.00 – $9.25 CAD / bushel.

2018/19 (new crop yellow peas) 

Moving from 0% sold to 20% sold, looking for movement in September/October 2018 (off the combine). You should be getting an AOG on this. Price point is around $7.00 CAD / bushel, dependent on the region. 

2018/19 (new crop green peas)

Moving from 0% sold to 20% sold, looking for movement in September/October 2018 (off the combine). You should be looking to get an AOG on this. Price point is around $8.25 CAD / bushel, dependent on the region. 

Click here to post your old or new crop yellow peas or green peas on the FarmLead Marketplace. Please note that for new crop feed barley posts, make sure the crop year shows 2018.

Obviously, we also recommend you shopping the local options but there a fair amount of peas bids on the FarmLead Marketplace. Click the link and start a few negotiations (this is in addition to posting your own offer).

We last made a yellow peas sale back at the end of October, right before the Indian government implemented their 50% import tax. Before that, we made a green peas sale last in mid-September. 

Today, we’re recommending moving another 10% of old crop yellow peas to get to 90% sold. If your 10% doesn’t add up to a full truck of yellows, maybe considering closing out your old crop yellow peas position and moving to 100%.

There’s also some strong green peas premiums, relatively to where prices have been for the past year. That being said, we’re becoming very aware of some seasonal demand in the market.


We’re also becoming more cognizant of peas prices starting to pull back in India. 


For new crop peas sales, we know that is probably not as much of an acreage pullback as was once expected. The US is expected to see peas acreage fall by 20% year-0ver-year to 908,000 acres. To the north, AAFC is estimating that Canadian peas acreage will drop by 21.5% year-over-year to 3.2 million acres.

That being said, it looks like Manitoba’s peas acreage will expand and we’ll know StatsCan’s numbers for sure next Friday on April 27th. Right now, we think that Canadian peas acreage could actually look closer to 3.6 to 3.7 million acres. This intuitively means that 2018/19 Canadian supply looks a bit bigger than once originally thought.

There are plenty of elevators with pretty strong programs and we’re cognizant of some downside risk to peas prices come Friday, 830AM EST when StatsCan comes out with their report. If the report is bullish, we have some old crop available left to sell for both yellows and green peas, but also a lot of 2018/19 crop left to sell. 

Brennan Turner
President / CEO
1-306-715-4540 (cell)
FarmLead – North America’s Grain Marketplace

COMMODITY TRADING INVOLVES RISK AND MAY NOT BE SUITABLE FOR ALL RECIPIENTS OF THIS POST. Neither the information presented, nor any opinions expressed, constitutes a solicitation for the purchase or sale of any commodities. The thoughts expressed in this email and basic data from which they are derived are believed to be reliable, but cannot be guaranteed due to uncertainty about future events and complexities surrounding commodity markets. Those acting on the information are responsible for their own actions.

About the Author
Sarah Bader

Sarah Bader is a science communicator, dedicated to cutting through jargon and getting to the heart of the matter. A lifelong nerd, communications allows Sarah to share her love of science and tech with a wider audience. Sarah has a BA in Communications and Sociology from the University of Ottawa.

Most Recent Posts
Apr 1 – Prospective Plantings Come & Go, a Carbon Tax Stays
April 01, 2020 Brennan Turner
Grain markets are mostly red as the complex digests yesterday’s Prospective Plantings report from the USDA and resets some positioning amidst continued bearish COVID-19 sentiment.
October 4: Corn Prices Edge Higher With October WASDE in Focus
October 04, 2018 Garrett Baldwin
Corn prices ticked higher Thursday as traders and analysts began to speculate on next week’s release of the October WASDE report.
Pea Prices in 2020 Diverge as Farmers Look Up and Abroad
January 14, 2020 Brennan Turner
Pea prices are starting 2020 out on a bit of a divergent path, at least within the complex, as yellow pea prices drag lower while green pea prices soar.