Yellow Peas Update

In an update to my December 3, 2021 newsletter Yellow Peas, I stated that I am bearish below $18/bushel.

That sell level triggered before Xmas with the average Saskatchewan Plant price at 17.37.

The price is below the 10- week moving average, which may not cause much concern until a review of past instances when this happens.

This does not mean that the price can not go higher, however, the price is extended from the moving averages which will catch up with either a pullback or with time.