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Fertilizer Prices Continue to Soar

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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.

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.

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.

Canadian Dry Beans in Good Position

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Alvin Klassen, president of Dry Bean World, which provides information on dry bean production in Canada and the northern United States, said this year’s drought has cut yields, and already prices are climbing as analysts predict much lower production and supply shortages.
 
“It is already affecting markets significantly,” Klassen said. “We’re seeing record dry bean prices in North Dakota, or new crop contracts for 2021. And we’re also seeing some very aggressive bids. Over 50 cents a pound in Canadian dollars for old crop beans.
 
“When you get into the specialty beans, like kidneys and cranberry beans, they’re talking 65 to 70 cents per pound,” Klassen said.
 
After last season’s record dry bean crop in Western Canada, this year comes as a disappointment as far as yields go. He said the producers who manage to get a good crop off could earn a lot of money for it. Irrigation will play a major role in bean harvest numbers.
 
“If they’re in a drought region, beans are going to be devastated. There’s going to be no bean harvest,” said Garry Hnatowich research director at Irrigation Crop Diversification Corp. about beans that aren’t irrigated, the research director at Irrigation Crop Diversification Corp.
 
Even irrigated beans have had challenges. “Under irrigation, well beans are a warm-loving crop so we’ve certainly had the heat but it may be a little too much of a good thing, because what I’m noticing at our dry beans here in Outlook (Sask.) is that the maturity has been advanced. So it didn’t matter how much water we put on the beans, the intensity of the sunlight and the heat was too much for the beans.”
 
Hnatowich said despite this, crops under irrigation will still produce.“We will have a harvest, there’s no doubt about it, but we could have used five degrees to seven degrees less temperature. That would have been ideal for us. They look good, but I don’t think the yield is going to be as good as what it appears to be.”
 
Klassen echoed Hnatowich’s statement. “But the drought has made for some very weird shaped pods,” Klassen said. “So we’re seeing a lot of pods that only have one or two beans. And normally, there should be five to seven.”
 
Klassen said the market prices this year shocked him.“In the 20 years, I’ve been involved in dry bean production, I have not seen prices that high. It’s quite something.”
 

Weekly Dry Bean Market Review

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USDA Market News reports most dry bean prices remain mostly stable.
 
Grower prices for black beans in North Dakota and Minnesota are at $40-to-$43 per hundredweight (cwt). Pinto bean prices are at $38-to-$41 per cwt. Navy beans are at $35-to-$38 per cwt. Dark red and light red kidney bean prices are at $44-to-$48 per cwt.
 
According to the U.S. Drought Monitor on July 29, drought conditions persist and worsen in the upper Midwest, the High Plains of Wyoming, the Dakotas and the Northwest.
 

Weekly Dry Bean Market Review

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Dry beans under contract are moving at a steady pace with current crop prices steady with moderate demand. According to report contacts, moisture is much needed in the state of North Dakota. USDA Market News puts the grower price for black beans in North Dakota and Minnesota at $35-to-$36 per hundredweight. Pinto bean prices are holding steady at $35 per hundredweight, and navies are at $32-33. Kidney bean prices remain at $41-to-$46 per hundredweight for lights and darks. View the May 11 report.

Weekly Dry Bean Market Review

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USDA Market News puts the grower price for black beans this past week was $27 to $32 per hundredweight (cwt). Pinto bean prices are holding steady at $30 per cwt. Navies are at $32 per cwt. Kidney bean prices increased to $40 to $45 per cwt for lights and darks. Dry beans under contract are moving at a steady pace with current crop prices steady with moderate demand. According to report contacts, rail cars (month out), trucks and containers are still difficult to source.
 

Weekly Dry Bean Market Review

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Dry beans under contract are moving at a steady pace with current crop prices steady with moderate demand. According to report contacts, rail cars, trucks and containers are getting harder to source.
 
USDA Market News puts the grower price for black beans this past week was $27 to $32 per hundredweight (cwt). Pinto beans range from $30 to $32 per cwt. Navies are at $32 per cwt. Kidney bean prices increased to $40 to $44 per cwt for lights and darks.
 
View the USDA Weekly Market Review for March 23.

Weekly Dry Bean Market Review

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The dry beans under contract are moving at a steady pace. According to report contacts, rail cars and containers are getting harder to source. USDA Market News puts the grower price for black beans this past week was $27 to $32 per hundredweight (cwt). Pinto beans range from $30 to $32 per cwt. Navies are at $32 per cwt. Kidney bean prices also remain steady at $34 to $43 per cwt for lights and darks. View the USDA Weekly Market Review for March 9.