USDA Announces Another Round of CFAP Payments

USDA is implementing a second Coronavirus Food Assistance Program for agricultural producers who continue to face market disruptions and associated costs because of COVID-19.This new round of assistance will offer up to an additional $14 billion.
 
Payment calculations will be made for three categories of commodities: price trigger commodities, flat-rate crops and sales commodities. The new calculations offer at least $15 per acre for crops.There is a payment limit of $250,000 per person or entity for all commodities.The sign-up opens on September 21 and goes through December 11.
 
A CFAP 2 producer webinar is scheduled for September 24 at 2:00 p.m. Central Time. Register here. More information on the program is available at farmers.gov/cfap.

Weekly Dry Bean Market Review

 
Dry bean trading activity is steady and new crop values are being established, according to USDA’s Weekly Market Review. North Dakota and Minnesota grower prices for pinto beans are $23 to $24.25 per cwt. Black bean prices range from $24 to $25 per cwt and navy beans at $26-27 per cwt. Light red kidney bean bids come in at $40 to $43 cwt and dark reds range from $38 to $44 cwt.

September Crop Production Report Released

USDA released the September 2020 Crop Production Report. List below are the dry edible bean numbers. The full report is available here.
 
 
 Special note: The forecasts in this report are based on conditions as of September 1. Any potential impacts from the below freezing temperatures that occurred after September 1 will be reflected in future reports.

Dry Beans Sought in Section 32 Purchase

USDA invites offers to sell dry edible beans under Section 32 pursuant to the AMS Master Solicitation for use in the National School Lunch Program and other Federal Food and Nutrition Assistance Programs. Bids are due Thursday, September 17 by 1:00 p.m. CST. View the solicitation.

Weekly Dry Bean Market Review

Dry bean trading activity is steady and new crop values are being established, according to USDA’s Weekly Market News. Contract product is moving steady. North Dakota and Minnesota grower prices for pinto beans are $23 to $24.25 per cwt. Black bean prices range from $24 to $25 per cwt and navy beans at $25-27 per cwt. Light red kidney bean bids come in at $40 to $43 cwt and dark reds range from $38 to $44 cwt.

The Future is Virtual… For Now

Source: U.S. Dry Bean Council
 
As we approach dry bean harvest, we would normally begin gearing up to receive global buyers across bean country to observe the new crop. We’d also be getting ready for a busy fall and winter trade mission and trade show season to discuss the new crop with our global customers.
 
The good news is – all of this will still happen, the not necessarily bad news is – it will look and feel a bit different this year due to ongoing Covid travel concerns and restrictions. While in person events will not take place, many virtual events are scheduled. The virtual format allows us to add new events, including harvest reviews in other countries, and ultimately allows us to reach more of our target audience.
 
Here are some of our plans over the harvest season:
  • On August 26 we hosted the first review of the Mexico dry bean crop for the Spring/Summer harvest. Subsequent webinars will be scheduled after the harvest.
  • In early September we will hold a virtual trade mission to the Dominican Republic and Jamaica.
  • In early to Mid September we will host a discussion on trade consultations with the United Kingdom.
  • Next week we will host the first meeting of our newly formed Bean Innovation Working Group
  • In the Fall we will begin a series of webinars on the U.S. dry bean harvest for our global buyers.
  • There will be virtual trade missions to Central America and Colombia/Panama planned before the end of the year.
There will likely be additional events programmed, we will keep you informed, stay tuned.

Weekly Dry Bean Market Review

Dry bean trading activity is steady and new crop values are being established, according to USDA’s Weekly Market News. Contract product is moving steady. North Dakota and Minnesota grower prices for pinto beans are $23 to $24 per cwt. Black bean prices range from $24 to $25 per cwt and navy beans at $35 per cwt. Light red kidney bean bids come in at $40 to $43 cwt and dark reds range from $38 to $44 cwt.

Weekly Dry Bean Market News

Dry bean trading activity is steady with very good demand, according to USDA’s Weekly Market News. Contract product is moving steady. North Dakota and Minnesota grower prices for pinto beans are $38 to $40 per cwt. Black beans remain steady at $25 to $27 per cwt and navy beans are at $30 to $35 per cwt. Bid were not available this week for kidney beans.
 
NOTICE: As Market News transitions reports to the MARS platform and My Market News, report formats will be converted from a text version to a more user-friendly and accessible PDF format. In the next few weeks, this report will move to the new platform and will be accessible here. More information about MARS and My Market News can be obtained from USDA.

USDA Issues Pre-Solicitation for Section 32 Purchase

The U.S. Department of Agriculture (USDA) announced plans to purchase dry edible beans, peas and lentils for distribution to various food nutrition assistance programs. Purchases will be made under the authority of Section 32 with the purpose to encourage the continued domestic consumption of these products by diverting them from the normal channels of trade and commerce. Offers will be solicited for lentils, garbanzo beans, split green peas and split yellow peas. Get more information.

Weekly Dry Bean Market News

Dry bean trading activity is steady with very good demand, according to USDA’s Weekly Market News. Contract product is moving steady. North Dakota and Minnesota grower prices for pinto beans are $38 to $40 per cwt. Black beans remain steady at $25 to $27 per cwt and navy beans are at $30 to $35 per cwt. Bid were not available this week for garbanzo or kidney beans.
 
NOTICE: As Market News transitions reports to the MARS platform and My Market News, report formats will be converted from a text version to a more user-friendly and accessible PDF format. In the next few weeks, this report will move to the new platform and will be accessible here. More information about MARS and My Market News can be obtained from USDA.