We are currently reviewing and creating performance metrics for our analysis.
The 2021-22 Green Pea strategy realized:
$0.50 per bushel or 7% greater than the index average price (assuming equal monthly sales throughout the crop year)
95% of the index's high price.
This year:
Green peas have been consolidating sideways since early November, providing no indication of trend change, leaving the charts uninteresting.
As a result,
We have not identified any strategy Profit-Taking Targets or Bearish Sell Signals since our June 20 Sell Signal for both Old and New Crop at $14.00 per bushel.
The June 20 Newsletter was accurate and worth a read.
Green pea interest has been light, so our analysis has been irregular.
We encourage readers to reach out for commodity updates of interest to them.
In the meantime, remember that our previous analysis remains in effect until the next update.
The long-term chart below displays the price finding support near the yellow trendline identified in our August 15 newsletter, keeping the chart in a Bullish posture.
Let’s zoom in on the shorter-term charts.
The short-term chart below displays the price finding support near our first target of $11.00 bushel identified in our June 20, 2022 newsletter.
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