Navy Beans Sought by USDA
USDA is seeking 188,160 CS of navy beans as part of a Section 32 purchase. Bids are due August 5. For more information, click here.
Weekly Dry Bean Market Review
USDA Market News reports most dry bean prices the Minn-Dak region are mostly unchanged from the previous week. Grower prices for black beans in North Dakota and Minnesota at $36-to-$40 per hundredweight (cwt). Pinto bean prices are at $36-to-$40 per cwt. Navy beans are at $33-to-$36 per cwt. Dark red and light red kidney bean prices are at $44-to-$48 per cwt.
View the July 20 report.
Weekly Dry Bean Market Review
USDA Market News reports most dry bean prices the Minn-Dak region are unchanged from the previous week. Grower prices for black beans in North Dakota and Minnesota at $36-to-$40 per hundredweight (cwt). Pinto bean prices are at $35-to-$38 per cwt. Navy beans are at $33-to-$36 per cwt. Dark red and light red kidney bean prices are at $44-to-$48 per cwt. Product movement remains mostly slow on light to moderate demand and prices were steady to firm. View the July 13 report.
USDA Seeks Dry Beans
USDA is seeking dry beans for using in the National School Lunch Program and other Federal Food and Nutrition Assistance Programs. Including in the offer are packaged Great Northern and pinto beans, along with 2,000-pound totes of pinto beans. The specialist for this solicitation is Christopher Edwards. The contracting officer for this solicitation is Kelli Dawkins. Please contact the specialist first with questions regarding the requirements of this solicitation.
Weekly Dry Bean Market Review
USDA Market News reports most dry bean prices the Min-Dak region unchanged from the previous week. Grower prices for black beans in North Dakota and Minnesota at $36-to-$40 per hundredweight (cwt). Pinto bean prices are at $36-to-$38 per cwt. Navy beans are at $33 per cwt. Dark red and light red kidney bean prices are at $44-to-$47 per cwt. Dry bean contracted product continues to move steadily. New trade remains light as many wait to estimate new crop yield, according to numerous industry contacts. Demand continues to vary as abnormally high temperatures and drought persist in many growing regions.
View the July 6 report.
USDBC Submits Unified Export Strategy
The U.S. Dry Bean Council (USDBC) submitted the annual Unified Export Strategy (UES) for the 2022 program year to USDA/FAS. The UES is the comprehensive annual global strategy for the U.S. dry bean industry that details the market conditions, constraints, opportunities, activities, and benchmarks in current and emerging export markets.
While strategies change from year to year to reflect the current global and market specific realities, the 2022 application underwent a particularly significant rewrite. This is due to a number of global trends, including:
- The lingering impact of COVID and the desire for shelf stable healthy food.
- Increasing popularity of plant slant and plant based diets.
- A desire to eat foods that are sustainably produced.
- A growing interest in bean ingredients such as flours.
- An optimistic outlook regarding the resolution of long standing tariff disputes that have limited U.S. dry bean exports to certain markets.
The application also addresses long standing trade policy constraints, such as:
- The lack of harmonization and missing global tolerances for pesticides (MRLs), ongoing retaliatory tariffs in critical markets.
- Lack of compliance with existing trade agreements that allow zero duty.
- Zero quota imports of U.S. dry beans.
- The need to produce evidence of the U.S. dry bean industry’s sustainable farming practices.
Funding decisions and allocations will be announced in fall 2021.
A Drop in Dry Bean Acres in 2021
USDA is estimating area planted for dry edible beans in 2021 at 1.51 million acres, down 13% from last year. Area harvested is forecast to total 1.44 million acres, down 14% from last year. Seven of the nine estimating States show a decrease in area planted for dry edible beans compared to last year.
In North Dakota, dry edible bean planted acres are estimated at 690,000, down 15% from last year. Harvested area is estimated at 660,000 acres, down 16% from a year ago.
In Minnesota, dry edible beans planted acreage is estimated at 235,000 acres, down 40,000 acres from last year, but up 5,000 acres from the March intentions. Harvested is forecast at 224,000 acres, down 39,000 acres from last year.
View the June 30 Acreage Report.
Weekly Dry Bean Market Review
Dry bean product movement and trade activity remain light and defensive trade strategies continue as drought conditions persist through many growing region. Varying demand and weather conditions across the growing regions has softened many prices.
USDA Market News puts the grower price for black beans in North Dakota and Minnesota at $36-to-$40 per hundredweight (cwt). Pinto bean prices are at $36-to-$40 per cwt. Navy beans are at $33 per cwt. Dark red and light red kidney bean prices are at $44-to-$47 per cwt.
Weekly Dry Bean Market Review
Compared to last week, dry bean product movement and trade activity remain light on moderate demand, as defensive trading strategies continue throughout the industry. Prices remain mostly steady to firm as weather conditions including drought and higher than normal temperatures persist and worsen throughout many of growing regions.
USDA Market News puts the grower price for black beans in North Dakota and Minnesota at $38-to-$40 per hundredweight (cwt). Pinto bean prices are at $38-to-$40 per cwt. Navy beans are at $33 per cwt. Dark red and light red kidney bean prices are at $44-to-$47 per cwt.
Weekly Dry Bean Market Review
Compared to last week, dry bean product movement is slow to inactive. Prices are mostly steady to firm on moderate demand. Drought and higher than normal temperatures persist throughout many of the growing regions. USDA Market News puts the grower price for black beans in North Dakota and Minnesota at $38-to-$40 per hundredweight (cwt). Pinto bean prices are at $38-to-$40 per cwt. Navy beans are at $33-to-$38 per cwt. Dark red and light red kidney bean prices are at $44-to-$47 per cwt.