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.

Dry Bean Scene

Dry edible beans were in the spotlight at the Food and Nutrition Conference and Expo held virtually this past week. Hear more from The Bean Institute Registered Dietitian Nutritionist Kaci Vohland in this week’s Dry Bean Scene on the Red River Farm Network. This radio update is made possible, in part, by the Northarvest Bean Growers Association.
 

For Another Week, Drought Conditions Continue to Improve

Late season rains across North Dakota and Minnesota were enough to improve dry conditions, but more rains will be needed to break the longer-term drought. The latest U.S. Drought Monitor shows some form of dryness still encompasses 93 percent of North Dakota. The severe and extreme drought categories decreased by 26 percent from last week across the state. The southeastern part of North Dakota has sufficient moisture. Drought conditions are also decreasing in Minnesota, encompassing 62 percent of the entire state. The worst conditions are in the far north central and northeastern part of the state.

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.
 

Crop Progress Report – October 18, 2021

According to USDA’s Crop Progress Report, dry edible bean harvest in North Dakota was 91%, behind 99% last year, but near 87% average.
 
Topsoil moisture supplies in North Dakota were rated 22% very short, 29% short, 44% adequate, and 5% surplus. Subsoil moisture supplies rated 29% very short, 32% short, 38% adequate, and 1% surplus.
 
In Minnesota, dry beans harvested was 97%. That’s behind to 100% last year, but ahead of 92% average.
 
Topsoil moisture supplies in Minnesota were 3 percent very
short, 17 percent short, 74 percent adequate and 6 percent surplus. Subsoil moisture supplies were rated 9 percent very short, 32 percent short, 57 percent adequate and 2 percent surplus.
 
Get the latest Crop Progressnumbers.

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.

White House Announce Plan to Ease Supply Chain Bottlenecks

The White House is addressing the supply chain disruptions facing agriculture and the rest of the economy. President Joe Biden has announced the Port of Los Angeles will operate 24 hours per day, seven days a week. That follows a similar commitment from the Port of Long Beach a few weeks ago. “This is the first key step in moving our entire freight, transportation and logistical supply chain nationwide to a 24/7 system.” Biden also used the announcement to promote the infrastructure bill, which would impact roads, bridges, ports and railroads.

Ocean Freight Rates Surge Higher

In the third quarter, ocean freight rates for bulk commodities, including grain, were at the highest level in 13 years. To ship grain from the Pacific Northwest to Japan, the rate was $44.56 per metric ton. That’s up 16 percent from the second quarter and up 93 percent from one year ago. The rate increase is linked to congestion at the ports and other logistical problems.

Louisiana Glyphosate Plant Resumes Production

Bayer’s glyphosate plant in Luling, Louisiana is back up and running. The facility was hit by Hurricane Ida and went offline on August 28. A Bayer spokesperson told the Red River Farm Network, the site has resumed full operations ahead of schedule and is expected to be at full production rates in the coming weeks. With the Louisiana site being the largest glyphosate plant in the United States, the shutdown further complicated the supply situation. The Bayer official said glyphosate demand is high and filling that demand is the company’s top priority.