USA Bean Prices Week of March 20, 2012

US Dry Bean Prices

Pinto bean prices were steady for most part. We saw another $1 shake down on the bid side of things out in N.Dakota and Minnesota. Everyone seems to waiting for planting intentions due out on the end of the month. Bottom line- wait purchasing until planting indications come out

Light Red Kidney bean prices have established themselves this week in Michigan, Wisconsin, and Minnesota with mid to upper $60 handles and play catch up to Colorado/Nebraska. Bottom line- be careful with the sizable spread existing, someone has to give in soon

Small Red Bean prices were not established across the board and demand remains tempered at best. Bottom line- steady

Black bean prices continue to be pressured downward. Bottom line- trend is steadily pointing downward

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