In July, thanks to India’s continuing pulse tariffs and seasonal price pressures, peas prices slipped lower.
In the month of July, yellow peas prices fell 7.9% to $6.38 CAD per bushel.
Green peas prices fared slightly than yellow, dropping by 2% to $8.18 CAD per bushel.
For our GrainCents readers, we’re watching a variety of factors that might affect peas prices: 4 are bearish, 2 are bullish, and 2 are noise.
(If you’re not familiar with what “noise” is, then we recommend you check out our GrainCents risk management process towards peas prices.)
This month, GrainCents investigated topics such as:
- Where peas prices could head next in 2018;
- Peas seeding progress in India (as well as monsoon rains);
- Is this bullish factor the only hope left for 2018 grain prices?
With a trade war and tariffs creating volatile markets, it’s more important than ever to stay on top of the factors affecting peas prices. Capture market premiums with GrainCent’s sales recommendations and actionable cash grain marketing advice delivered directly to your inbox.
Especially worthwhile in your GrainCents subscription is the Peas Weekly Digest, which gets sent out every Sunday morning. In addition to recapping our cash grain sales position, this chart-fueled read provides an insightful recap of the previous week’s activity in peas markets. We also walk through, in detail, what we’re watching across the global market in the week(s) ahead that could influence peas prices.
Start making more sense of what’s affecting peas prices with a free three-week trial to GrainCents, our exclusive sales recommendation service that holds a 93% success rate on getting farmers the best price possible.
