Weekly Dry Bean Market News

Compared to a week ago, trading activity was slow with very light demand. Contract product is moving steady. Mexican peso per US dollar exchange rate is19.2090.

View the report here.

Dry Bean Scene

North Dakota and Minnesota dry bean growers were in Washington D.C. this week for the U.S. Dry Bean Council Fly-In. U.S. Dry Bean Council director and Webster, North Dakota farmer Kevin Regan says trade remains the top priority for the industry. Hear more in this week’s Dry Bean Scene on the Red River Farm Network, made possible by the Northarvest Bean Growers Association.

Dry Bean Scene

Heavy snowpack and flooding are causing logistical issues in the movement of dry beans. Johnstown Bean Company general manager Dylan Karley says since January, rail service has fell further and further behind. Hear more in this week’s Dry Bean Scene on the Red River Farm Network., made possible by the Northarvest Bean Growers Association.

Weekly Dry Bean Market News

Compared to a week ago, trading activity was slow with very light demand.
 
Contract product is moving steady. North Dakota is reporting issues from the weather effecting processing and getting rail cars. The PNW is having issues from snow melt effecting railways.
 
Mexican peso per US dollar exchange rate is 19.0068. View the report here.

Black Bean Prices in Brazil Pull Upward

Sao Paulo wholesale carioca bean prices in February were as high as $1,713 per metric ton, double the price in January. The price spike was due to reduced first crop production and weather‐induced crop damage.

Prices reported the first week of March at the Sao Paulo bolsinha were lower, carioca especial (above commercial grade) averaged $1,370/MT, but there is very limited availability. Consumers are reportedly buying second‐rate cariocas or switching to alternatives like black beans. Black bean prices were therefore pulled upward.

Sao Paulo wholesale prices climbed from $844/MT in January to $1,112/MT in February—the first of March average price was $870/MT. At the end of March, the first beans from the second harvest in southern states start to enter the market, but May is the peak.

Marcel Lüders, head of IBRAFE, notes that right now there are not enough beans to meet consumer demand. The U.S. Dry Bean Council ANUFOOD trade mission team is in Brazil this week and will give an update on the market outlook late next week.

U.S. is Colombia’s Top Dry Bean Supplier

So far this marketing year, the U.S. has been Colombia’s top dry bean supplier. The top bean classes shipped to Colombia are navy beans (1,045 MT), light red kidney beans (482 MT), dark red kidney beans (421 MT), small red beans (379 MT), and pinto beans (290 MT).

Currently there is demand for navy beans, small red beans, and LRKBs. Black bean prices are up from January; demand is on the rise due to the influx of Venezuelan immigrants. The cargamanto blanco bean harvest that ended in January was good quality and quantity, dampening prices and lowering current demand for cranberry beans or pinto.

Week Dry Bean Market News

Compared to a week ago, trading activity was slow with very light demand. Contract product is moving steady. North Dakota is reporting issues from the weather effecting processing and getting rail cars. The PNW is still getting a winter with more snow in the future forecast. Mexican peso per U.S. dollar exchange rate is 19.3191. View the report here.

Dry Bean Scene

For the current marketing year, export sales of dry edible beans into Mexico have been slow. That according to NDSU Extension crops economist Frayne Olson. Hear more in this week’s Dry Bean Scene on the Red River Farm Network, made possible by the Northarvest Bean Growers Association.

Weekly Dry Bean Market News

Compared to a week ago, trading activity was slow with very light demand. Contract product is moving steady. North Dakota is reporting issues from the weather effecting processing and getting rail cars. The PNW is still getting a winter with more snow in the future forecast. Mexican peso per US dollar exchange rate is 19.2692. 

View the report here.

Dry Bean Scene

According to NDSU Extension crops economist Frayne Olson, the dry bean industry is keeping a close eye on export markets in 2019. Hear more in this week’s Dry Bean Scene on the Red River Farm Network, made possible by the Northarvest Bean Growers Association.