Global Travel Restarting, Trade Team Delegates Assigned for 2022

After over a year of lock down, the U.S. Dry Bean Council (USDBC) global representatives have begun to venture out into their respective marketplaces. Representatives in the Americas and China have begun to resume limited in person trade servicing. European representatives are attending two trade shows in October. The USDBC is hopeful that all Asia representatives will be able to resume some travel as COVID restrictions ease. 
 
Most travel by U.S. trade team delegates overseas is curtailed through the end of 2021 due to ongoing travel complications, but USDBC is hopeful to restart some travel in early 2022. 
 
The International Promotion Committee has completed the process of reviewing trade team applications and delegates have been assigned for fifteen different trade events beginning in January 2022, with the caveat to remain flexible through Q1 2022 to ensure everyone’s health and safety. 
 
More travel opportunities may be added during 2022 as opportunities come up.
Jon Ihry

Save the Date – U.S. Dry Bean Harvest Review

The U.S. Dry Bean Council is hosting a webinar outlining the results of the 2021 dry bean harvest. The event will be held November 17 at 9 a.m. Central Time. Registration and speaker information to coming soon.

Weekly Dry Bean Market Review

USDA Market News reports trading of dry beans remains mostly light with moderate demand. New crop prices for all pulses remain steady to firm.
 
For pintos, the grower price in Minnesota and North Dakota is $45-to-$45 per hundredweight. That’s down slightly from the prior week’s report. Black beans are down slightly from the previous week at $45-to-$49. Navies are unchanged at $42 per hundredweight. Dark red and light red kidney bean prices are steady at $44-to-$49 per hundredweight.
 

Fertilizer Prices Continue to Soar

According to DTN’s weekly survey of ag retailers, fertilizer prices are continuing to move higher. Potash and urea were both up 17 percent from one month ago. MAP was ten percent more expensive. UAN28 and UAN32 were eight percent higher than last month with UAN 28 topping the $400 per ton level for the first time since May of 2013. Anhydrous prices are now averaging over $800 per ton, up seven percent from a month ago. DAP prices are up five percent.

U.S. Dry Bean Production Expected to Decline

USDA released the latest Crop Production Report on October 12. U.S. production of dry beans is forecast at 22.6 million cwt, down 3 percent from the August forecast and
down 31 percent from 2020. Area planted is estimated at 1.40 million acres, down 4 percent from the August forecast and down 20 percent from 2020. Area harvested is forecast at 1.34 million acres, down 4 percent from the August forecast and down 20 percent from 2020. The yield is forecast at 1,686 pounds per acre, an increase of 11 pounds from the August forecast, but a decrease of 280 pounds from last season.
 
In North Dakota, dry bean production is forecast at 5.95 million cwt, down 53% from 2020. Area for harvest, at 640,000 acres, is down 18% from last year. Yield is estimated at 930 pounds per acre, down 700 pounds per acre from last year.
 
Minnesota dry bean production is forecast at 4.47 million cwt, down 19 percent from last year. An expected 229,000 acres will be harvested, with an expected yield of 1,950 pounds per acre.

Weekly Dry Bean Market Review

USDA Market News reports trading of dry beans remains mostly light with moderate demand. New crop prices for all pulses remain steady to firm.
 
For pintos, the grower price in Minnesota and North Dakota is $48-to-$50 per hundredweight. That’s unchanged from the previous week. Black beans are unchanged at $48-to-$49. Navies are unchanged at $42 per hundredweight. Dark red and light red kidney bean prices are steady at $44-to-$49 per hundredweight.
 

Weekly Dry Bean Market Review

USDA Market News reports trading of dry beans remains mostly light with moderate demand. New crop prices for all pulses remain steady to firm.

For pintos, the grower price in Minnesota and North Dakota is $48-to-$50 per hundredweight. That’s unchanged from the previous week. Black beans are unchanged at $48-to-$49. Navies are unchanged at $42 per hundredweight. Dark red and light red kidney bean prices remain steady at $44-to-$49 per hundredweight.

View the October 5 report.

Weekly Dry Bean Market Review

USDA Market News reports trading of dry beans remains mostly light, though higher than recent reports, with good demand compared to last week.
 
For pintos, the grower price in Minnesota and North Dakota is $48-to-$50 per hundredweight. That’s steady to $2 higher. Black beans are steady to $1 higher at $48-to-$49. Navies are unchanged at $42 per hundredweight. Dark red and light red kidney bean prices remain steady at $44-to-$49 per hundredweight.
 
New crop prices for all pulses remain steady to firm. View the September 28 report.

Weekly Dry Bean Market Review

USDA Market News reports trading of dry beans remains mostly light, though higher than recent reports, with good demand compared to last week. Grower prices for black beans in North Dakota and Minnesota remain at $48 per hundredweight. Pinto bean prices are up $3 this week to $48 per cwt. Navy beans are unchanged at $42 per hundredweight. Dark red and light red kidney bean prices remain steady at $47-to-$49 per hundredweight. New crop prices for all pulses remain steady to firm. View the September 21 report.

Weekly Dry Bean Market Review

USDA Market News reports that trade remains mostly light, though higher than recent reports, with good demand compared to last week. New crop prices for all pulses remain steady to firm. Grower prices for black beans in North Dakota and Minnesota are at $45-to-$47 per hundredweight (cwt). Pinto bean prices are at $45 per cwt. Navy beans are at $42 per cwt. Dark red and light red kidney bean prices are at $45-to-$49 per cwt.

View the September 14 report.