Drought in Mexico Decreases Production Projections
The U.S. Dry Bean Council August Planting Intentions report confirms that extended drought in Mexico during the critical planting period resulted in an almost 50 percent decrease in bean planting surface. That also means a production drop of over 56 percent against the Mexican Agricultural Secretary’s (SIAP/SADER) projections. During the critical month of June […]
Is It Too Late for the Mexico Crop?
Over the past few weeks, the U.S. Dry Bean Council has been reporting dry conditions in Mexico dry bean growing regions and offering projections about the potential impact on this year’s production levels. A lack of rain occurred during a critical time in the planting process. Therefore, most reporting, combined with the observations of an […]
Mexico Weather Very Dry at Start of Bean Planting
Mexico is currently behind in precipitation for this year’s spring/summer dry bean cycle and experiencing above average temperatures. Planting season in Zacatecas, Durango, Chihuahua, San Luis Potosi and Guanajuato is delayed due to the lack of precipitation. Although planting dates in Zacatecas, Durango and Chihuahua can be extended after the recommended planting season, dry beans […]
Mexico Approves the USMCA
On Wednesday, the Mexico Senate approved the U.S.-Mexico-Canada Agreement by a vote of 114 to 4. Mexico is the first of three countries to ratify the trade deal. Now, all eyes are on Canada and the U.S. to approve the agreement. An implementation bill has been introduced in the Canadian Parliament. Earlier this week, U.S. […]
Mexico Dry Bean Sales are Slow
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 […]
Steel and Aluminum Tariffs a “Hurdle” in USMCA Chats
Chief Agricultural Negotiator in the Office of the U.S. Trade Representative Gregg Doud confirmed Tuesday that steel and aluminum tariffs are a big hurdle in the U.S. Mexico Canada Agreement discussions. “I can tell you there’s not a day that goes by at USTR someone isn’t having a conversation with Canada and Mexico to figure […]
Mexico Begins New Ag Price Support Program
The Mexican government has launched a new price support program in Zacatecas and Durango. However, the program was initiated later than the long standing price support programs. As a result, producers waited longer than usual to sell beans to participating elevators to obtain price guarantees. Additionally, the U.S. Dry Bean Council has released the […]
Weekly Dry Bean Market News
Compared to a week ago, trading activity was slow with very light demand. Contract product is moving steady. Mexican peso per US dollar exchange rate is19.2090. View the report here.
2019 Bean Congress in the Books
The 2019 U.S.-Mexico International Bean Congress was held February 7-9 in Cancun, Mexico. During the event, seminars, discussions and one-on-one business meetings were held. The U.S. dry bean industry was able to gather with the Mexican trade to celebrate numerous concurrent events such as: The signing of the U.S. Mexico Canada Trade Agreement (USMCA) World […]