Weekly Dry Bean Market Review

USDA Market News puts the grower price for black beans this past week was $27 to $32 per hundredweight (cwt). Pinto bean prices are holding steady at $30 per cwt. Navies are at $32 per cwt. Kidney bean prices increased to $40 to $46 per cwt for lights and darks. Dry beans under contract are moving at a steady pace with current crop prices steady with moderate demand. According to report contacts, rail cars (month out), trucks and containers are still difficult to source. Check out the April 13 report.

Dry Beans Purchased

Dry beans have been purchased by USDA for the USAID P.L.-480 Title II and the FAS McGovern-Dole Food for Education programs. The buy includes 360 metric tons (MT) of black beans and 830 MT of small red beans. No offers were received for 160 MT of small red beans. View the document.

Weekly Dry Bean Market Review

USDA Market News puts the grower price for black beans this past week was $27 to $32 per hundredweight (cwt). Pinto bean prices are holding steady at $30 per cwt. Navies are at $32 per cwt. Kidney bean prices increased to $40 to $45 per cwt for lights and darks. Dry beans under contract are moving at a steady pace with current crop prices steady with moderate demand. According to report contacts, rail cars (month out), trucks and containers are still difficult to source.
 

Weekly Dry Bean Market Review

The dry beans under contract are moving at a steady pace with current crop prices steady with moderate demand. According to report contacts, rail cars, trucks and containers are still hard to source.
 
USDA Market News puts the grower price for black beans this past week was $27 to $32 per hundredweight (cwt). Pinto beans range from $30 to $32 per cwt. Navies are at $32 per cwt. Kidney bean prices increased to $40 to $44 per cwt for lights and darks.
 

Argentine Dry Bean Planting Wraps Up

This year’s dry bean crop in Argentina is 100 percent planted in the southern and central regions, which are mainly black beans. In the northern region, the Alubia crop is 80 percent planted, while other bean types are 95 percent planted. The general condition of the Argentine dry bean crops to date are good to very good. The 2021 planting area noted in the chart below is an estimate and may change.
 
 
The 2020 dry bean stocks are nearly depleted. The only bean class with available stocks is Alubia with 20,000 MT left, of which between 10,000 and 15,000 MT are already contracted. Other bean classes are virtually sold out.
 
Argentina is expected to enter the 2021 harvest with no carry-over stocks. From June 2020-January 2021, Argentina exported 344,117 MT of dry edible beans, down 16 percent over the same period as the previous MY (409,496 MT).

Weekly Dry Bean Market Review

Dry beans under contract are moving at a steady pace with current crop prices steady with moderate demand. According to report contacts, rail cars, trucks and containers are getting harder to source.
 
USDA Market News puts the grower price for black beans this past week was $27 to $32 per hundredweight (cwt). Pinto beans range from $30 to $32 per cwt. Navies are at $32 per cwt. Kidney bean prices increased to $40 to $44 per cwt for lights and darks.
 
View the USDA Weekly Market Review for March 23.

Dry Bean Scene

There was huge demand for dry beans during the coronavirus pandemic. The industry remains hopeful that demand will remain strong. Hear more from Green Valley Bean President John Berthold in the latest Dry Bean Scene on the Red River Farm Network, made possible by the Northarvest Bean Growers Association.

Weekly Dry Bean Market Review

The dry beans under contract are moving at a steady pace with moderate demand. According to report contacts, rail cars, trucks and containers are getting harder to source. USDA Market News puts the grower price for black beans this past week was $27 to $32 per hundredweight (cwt). Pinto beans range from $30 to $32 per cwt. Navies are at $32 per cwt. Kidney bean prices also remain steady at $34 to $44 per cwt for lights and darks.
 
View the USDA Weekly Market Review for March 16.

FAPRI: Lower Government Payments and High Input Costs Impact Income

This year’s farm income will likely be down from what was seen in 2020. However, the Food and Agricultural Policy Research Institute at the University of Missouri expects this year’s net farm income to be much higher than what it was from 2015-to-2019. Net farm income is forecast to come in at $112 billion for 2021. In 2020, farm income topped $120 billion, which was the highest level since 2013.

Weekly Dry Bean Market Review

The dry beans under contract are moving at a steady pace. According to report contacts, rail cars and containers are getting harder to source. USDA Market News puts the grower price for black beans this past week was $27 to $32 per hundredweight (cwt). Pinto beans range from $30 to $32 per cwt. Navies are at $32 per cwt. Kidney bean prices also remain steady at $34 to $43 per cwt for lights and darks. View the USDA Weekly Market Review for March 9.