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Weekly Dry Bean Market News

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Dry bean trading activity is slow to 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 at $32 to $35 per cwt. Black beans remain steady at $25 to $27 per cwt and navy beans are at $28 to $30 per cwt. Kidney bean prices for Minnesota remain steady at $38 to $46 per cwt.

Weekly Dry Bean Market News

/in , /by

Dry bean trading activity is slow to 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 at $32 to $35 per cwt. Black beans remain steady at $25 to $27 per cwt and navy beans are at $28 to $30 per cwt. Kidney bean prices for Minnesota remain steady at $38 to $46 per cwt. View the full report.

Weekly Dry Bean Market News

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Dry bean trading activity is very limited with very good demand according to USDA’s Weekly Market News. North Dakota and Minnesota grower prices for pinto beans are at $32 to $35 per cwt. Black beans remain steady at $23 to $26 per cwt and navy beans are at $28 to $30 per cwt. Kidney bean prices for Minnesota remain steady at $38 to $45 per cwt. View the report.

Dry Bean Scene

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Specialty crops make up about ten percent of the total crop acreage in the United States, which makes dry beans an important piece of the 2020 outlook. Get the details in the Dry Bean Scene on the Red River Farm Network, made possible by the Northarvest Bean Growers Association.

Promising Niche Market Opportunities in Peru

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The U.S. Dry Bean Council recently concluded a fact-finding mission to Peru. U.S. agricultural exports to Peru increased from $424 million in 2008 to $1.3 billion in 2018. Currently, the U.S. is the largest agricultural product supplier with 31 percent market share. About two-thirds of U.S. agricultural goods enter the country duty free, including dry beans. In marketing year 2017/18, the U.S. exported 4,147 metric tons of dry beans to Peru. This is due primarily to lower Peruvian dry bean production and increased demand for navy beans for food assistance programs, which drove up U.S. exports.
 

Weekly Dry Bean Market News

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According to USDA’s Weekly Market News, trading activity remains slow for dry edible beans with very light demand. Contract product is moving steady. Grower prices for all classes of dry beans remain unchanged from one week ago. View the report here.

Mexico Dry Bean Sales are Slow

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Dry bean traders in the different Mexican markets consider the economy, in general, is very slow. With slow sales, there is therefore more dry bean product in storage than expected. This is not allowing for regular trading flow, and reportedly payments for imported beans have been delayed.
 
Mexico Imports from January to April 2019
  • Mexico’s accumulated bean imports from all origins totaled 35,573 metric tons, with a value of $27,611 ,060 U.S.
  • From these, 31,323 MT were U.S. beans with a value of $23,559,075 U.S.
  • Since January 2019, 18,297 MT of U.S black beans, 9,979 MT of U.S pinto beans and 3,047 MT of U.S white beans have been imported by Mexico.

Weekly Dry Bean Market News

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Compared to a week ago, trading activity was slow with very light demand. Contract product is moving steady. View the report here.

Dry Bean Council Meets with Cuban Officials

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The U.S. Dry Bean Council, along with representatives from other agricultural trade groups, met with Ambassador Carlos Fernandez de Cossio, General Director for U.S. Affairs for Cuba’s Foreign Ministry, in Washington DC earlier this month.
 
Despite the renewal of several regulations limiting trade with Cuba, Cuba remains interested in engaging with U.S. entities whose commercial activities are still permitted by regulations. Fortunately, those regulations remain favorable to agriculture.
 
For the first time, the 2018 Farm Bill included language allowing for the use of marketing funds granted under the MAP and FMD programs to conduct trade development activities in Cuba. USDBC will continue to provide updates on this opportunity as it develops.

Weekly Dry Bean Market News

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Compared to a week ago, trading activity was slow with very light demand. Contract product is moving steady. Mexican peso per U.S. dollar exchange rate is 18.87.