Dry Bean Smallest Harvested Area Since 1921 U.S. dry bean markets find themselves moving up into relatively unfamiliar territory as prices continue to reach for the sky in reaction to a small 2011 crop, strong prices for other field crops, and moderate demand. The October U.S. dry bean production estimate was trimmed to 19.6 million…
Dry Bean Market News for the week of May 7, 2012 Very quiet all varieties held steady this week while trading was light to slow. Pintos saw a $1 bump up from WA/ID dealers on the bids, and Small Reds were not established again which actually is interesting considering there was some low sixties whispers last…
Bean Prices Happy Friday to everyone today. Lots of action in weather going into the weekend, here’s a brief look: A plethora of rainfall to be expected across the Dakotas, while less rain attends to the Central Plains. The Pacific Northwest area will be nice and sunny with periodic rain in certain spots. Montana residents…
2012 Principal field crops “Possible record acreage for canola” “Survey results indicate that Canadian farmers may seed a record 20.4 million acres of canola in 2012, up 8.0% or 1.5 million acres from the previous record of 18.9 million acres set in 2011. This would be the sixth consecutive annual record in canola area at the national level.” “Area for wheat expected to increase”…
Bean Prices Dry edible bean prices for the week of April 10, 2012 were overall steady to mixed. Pintos, Light-Red Kidney’s, Garbanzos, and Green & Yellow peas led the price action insignificantly nowhere. Quality variations within the same bean varieties are still causing large spreads between different dealers. Grower price expectations are still steady and the…
Bean Prices Dry edible bean prices saw some mixed price action for the week of April 3, 2012 caused by the bean planting intentions data released from US bean producing states. With states producing more beans overall then last year, most pinto dealers provided a knee-jerk reaction and faded their offers reminiscent of the old…
Bean Dealers Adjust Pricing Bean dealers were expecting plantings intentions on March 30, prices were elevated slightly by mostly $1 across all varieties. Pinto bean dealers asked for a one dollar premium on the ask side of a transaction with the only exception coming from dealers in Washington and Idaho which lowered expectations for bean…
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…
