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Weekly Dry Bean Market Review

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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-$47 per hundredweight. That’s unchanged from the prior week’s report. Black beans are down slightly from the previous week at $45-to-$48 per hundredweight. Navies are unchanged at $42 per hundredweight. Dark red and light red kidney bean prices are at $44-to-$45 per hundredweight.
 
The USDA Crop Progress Report released November 1, 2021 has dry bean harvest at
95% complete for Colorado, Michigan at 99%, Nebraska at 96% and North Dakota at 95%.
 

Mexico Dry Bean Harvest Update

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It is estimated that Mexico’s 2021 spring/summer dry bean harvest saw 1.166 million hectares planted, with a harvestable area of 97% of the total planted. This is assuming no adverse weather events. 
 
At the time of this writing, harvest is still underway and has progressed as follows: 
  • 40% in Chihuahua
  • 25% in Durango
  • 50% in Guanajuato
  • 35% in San Luis Potosi
  • 20% in Zacatecas
Mexican dry bean production estimates at this time indicate a total of 644 thousand metric tons (MT) for this planting cycle. This is down 30.3% from the SIAP’s 923 thousand MT production estimate; down from the average of 839 thousand MT; and 6% higher than the 607 thousand MT estimated in 2020. 
 
Production per bean type is estimated as follows:
  • Black beans – 296 thousand MT, down 10.2%
  • Pinto beans – 262 thousand MT, up 42%
  • Colored beans – 86 thousand MT, down 7.9%
In the 2020/2021 trade year, dry bean imports reached 277 thousand MT for pinto and black beans, a record high in the last 11 years. Almost 90% of these beans were of U.S. origin.
 
If no adverse weather events occur in the next weeks, the production numbers may increase.The U.S. Dry Bean Council will be filing a final harvest update with more concise and updated production information in the coming weeks.

EU to End Retaliatory Tariffs

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The Biden Administration has announced that the European Union (EU) will lift retaliatory tariffs on U.S. exports in exchange for duty-free access for some steel and aluminum shipments.
 
U.S. dry bean exports to the EU have faced 25% retaliatory import tariffs since 2018 as a result of a trade dispute over U.S. tariffs on EU steel and aluminum. The EU had been the largest regional export market for U.S. dry beans prior to the imposition of 25% tariffs. 
 
Many of the dynamics have changed over the past three years as a result of retaliatory tariffs and the departure of the United Kingdom (UK) from the Union. While some dry bean exports have remained steady to top markets, such as Spain and Italy, others have declined steadily as the EU sought more competitive prices from other origins. 
 
With the removal of retaliatory tariffs, the U.S. Dry Bean Council says the industry can now focus on maintaining long-standing market shares and increasing exports in response to substantial interest in plant-based healthy and sustainable eating.
 
The UK is one of the top three European trade destinations for U.S. dry beans, and now operates as a stand-alone market separate from the EU. This presents significant growth opportunities for exports of U.S. dry beans as the UK is one of the most advanced markets in promoting plant-based foods. The UK has yet to remove the 25% retaliatory tariffs, but it is anticipated that this will also happen before the end of the year. 

Job Openings: Dry Bean Research Specialists

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The Department of Plant Sciences at North Dakota State University is seeking two research specialists to assist in the dry bean breeding/genetics program.
 
Candidates are expected to participate in all the field, greenhouse, and laboratory activities involved in a breeding program. This includes the planning, organizing, and conducting of experiments under the supervision of the project leader. Tasks may include (but not limited to) seed and field preparation, planting and maintenance of field trials, and disease evaluations), recording, editing, and data analysis using statistical programs, collaborate with some activities in the DNA laboratory and the canning testing, and assisting the program leader in keeping, preparing, and compiling data and research results.
 
The candidates are also expected to interact and work as part of a team that includes other research specialists, students and interns, growers, plant breeders, and other scientists. Duties will involve all aspects of a breeding/genetics program so the candidate has a holistic approach and learns all the aspects involved in the functioning of a breeding program.
 
Apply for the Bruchid Resistance position here.
 
Apply for the Rust Resistance position here.

U.S. Dry Bean Production Expected to Decline

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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.

Crop Progress Report – October 12, 2021

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According to USDA’s Crop Progress Report, dry edible bean harvest in North Dakota was 90%. That behind 95% last year, but ahead of 80% average.
 
Topsoil moisture supplies in North Dakota were 27% very short, 27% short, 41% adequate, and 5% surplus. Subsoil moisture supplies rated 36% very short, 29% short, 32% adequate, and 3% surplus.
 
In Minnesota, dry beans harvested was 92%. That’s equal to 96% last year and ahead of 88% average.
 
Topsoil moisture supplies in Minnesota were 4 percent very short, 21 percent short, 70 percent adequate and 5 percent surplus. Subsoil moisture supplies were rated 11 percent very short, 36 percent short, 51 percent adequate and 2 percent surplus.
 
Get the latest Crop Progress numbers.

Weekly Dry Bean Market Review

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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

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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.

Crop Progress Report – Sept. 27, 2021

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According to USDA’s Crop Progress Report, dry edible bean harvest in North Dakota was 73%. That’s near 71% last year and ahead of 63% average.
 
Topsoil moisture supplies in North Dakota were 32% very short, 39% short, 28% adequate, and 1% surplus. Subsoil moisture supplies rated 41% very short, 35% short, 23% adequate, and 1% surplus.
 
In Minnesota, dry beans harvested was 72%. That’s ahead of 67% last year and 69% average.
 
Topsoil moisture supplies in Minnesota were 9% very short, 24% short, 65% adequate and 2% surplus. Subsoil moisture supplies were rated 17% very short, 37% short, 45% adequate and 1% surplus.
 
Dry beans were 96% harvested in Montana (including Chickpeas), 81% in Idaho, 95% in Washington, 74% in Colorado, 63% in Nebraska, 74% in Wyoming and 64% in Michigan. Get the latest Crop Progress numbers.

Weekly Dry Bean Market Review

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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.