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Weekly Dry Bean Market Review

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 $46 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. Check out the April 13 report.

Crop Progress Report – April 12, 2021

In North Dakota, USDA’s National Ag Statistics Service says there were 5.8 days suitable for fieldwork for the week ending April 11. Topsoil moisture is rated 83 percent short to very short, and subsoil moisture is rated 80 percent short to very short. Minnesota farmers had 2.4 days suitable for fieldwork dur the week ending April 11. Topsoil moisture is rated 64 percent adequate with pasture conditions rated 79 percent fair to good.
 

Dry Beans Purchased

Dry beans have been purchased by USDA for the USAID P.L.-480 Title II and the FAS McGovern-Dole Food for Education programs. The buy includes 360 metric tons (MT) of black beans and 830 MT of small red beans. No offers were received for 160 MT of small red beans. View the document.

Weekly Dry Bean Market Review

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.
 

April Lending Rates Released

USDA has announced loan interest rates for April, which are now effective. These Farm Service Agency (FSA) loans provide important access to capital to help agricultural producers start or expand their farming operation, purchase equipment and storage structures, or meet cash flow needs.
 

Dry Bean Plantings Expected to Decline This Year

The U.S. Department of Agriculture (USDA) released its prospective plantings report Wednesday, March 31. Farmers intend to plant 1.54 million acres of dry edible beans in 2021. That’s down 11 percent from the previous season’s 1.74 million acres. Planted area is expected to be below last year in all estimating states except Washington.
 
 
North Dakota dry bean acreage intentions are estimated at 770,000 acres, down 6 percent from 2020. In Minnesota, acreage estimates come in at 230,000 acres, a decline from 275,000 acres last year.
 

Weekly Dry Bean Market Review

The 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 still hard 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.
 

Pandemic Assistance for Producers Plan Unveiled

After reviewing existing COVID-19 relief, the U.S. Department of Agriculture (USDA) will take a new approach for distributing additional assistance to farmers and ranchers. This new initiative is called the Pandemic Assistance for Producers.
 
It includes:
1.) $6 million to expand assistance to more producers, with an emphasis on small farmers and ranches, dairy, specialty crops, euthanized livestock and poultry, renewable fuels and more.
2.) Adds $500 million to existing programs.
3.) Carries out formula payments for existing Coronavirus Food Assistance Programs.
 
USDA will also reopen CFAP 2 sign-up for 60 days starting on April 5. Get the full details.

Weekly Dry Bean Market Review

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.

USDA Seeks Dry Beans

USDA’s Agricultural Marketing Service has issued a solicitation for the procurement of dry beans for use in the National School Lunch Program and other Federal Food and Nutrition Assistance Programs. Specifically, packaged Great Northern beans are being sought. Bids are due April 6 by 1 p.m. CT. View the solicitation.