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Weekly Dry Bean Market News

Dry bean trading activity is 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 $38 to $40 per cwt. Black beans remain steady at $25 to $27 per cwt and navy beans are at $30 to $35 per cwt. Bid were not available this week for kidney beans.
 
NOTICE: As Market News transitions reports to the MARS platform and My Market News, report formats will be converted from a text version to a more user-friendly and accessible PDF format. In the next few weeks, this report will move to the new platform and will be accessible here. More information about MARS and My Market News can be obtained from USDA.

Crop Progress Report – August 24

North Dakota – Dry edible bean condition rated 3% very poor, 6% poor, 27% fair, 49% good, and 15% excellent. Dry edible beans blooming was 95%. Setting pods was 88%, behind 97% last year. Dropping leaves was 21%, behind 34% last year, and well behind 43% average.
 
Minnesota – Dry edible beans dropping leaves was 29%, ahead of 11% last year and 15% average. Dry bean condition improved to 82% good to excellent
 
Wyoming – Dry edible bean condition rated 13% fair and 87% good. Turning color was 41%, compared to 26% last year and 35% average. 7% are cut.
 
Colorado – Dry edible bean condition rated 25% poor to very poor and 34% good to excellent. Blooming was 98%, behind of 93% last year, and 1% are cut.
 
Nebraska – Dry edible bean condition rated 9% very poor to poor and 50% good to 69 excellent. Setting pods was 90%, near 87% last year. Dropping leaves was 22%.
 
Michigan – Dry edible bean condition rated 13% poor to very poor and 52% good to excellent. Setting pods was 89% complete, ahead of 60% last year and 75% average. Dropping leaves was 4%.
 
Idaho – Dry edible bean harvest was 3% complete. That compares to 12% last year and 12% average.
 
Oregon – Dry edible bean harvest was 4% complete. That compares to 20% last year and 23% average.
 
Washington – Dry edible bean harvest was 30% complete. That compares to 29% last week.
 
View the latest USDA Weekly Crop Progress Report here.

USDA Issues Pre-Solicitation for Section 32 Purchase

The U.S. Department of Agriculture (USDA) announced plans to purchase dry edible beans, peas and lentils for distribution to various food nutrition assistance programs. Purchases will be made under the authority of Section 32 with the purpose to encourage the continued domestic consumption of these products by diverting them from the normal channels of trade and commerce. Offers will be solicited for lentils, garbanzo beans, split green peas and split yellow peas. Get more information.

Select Counties Can Hay/Grazing Cover Crops Early

USDA’s Risk Management Agency is opening up haying and grazing of cover crops on prevent plant acres to September 1 for 42 counties in the Dakotas. This response follows letters sent from North Dakota farm groups, noting the backlog in livestock numbers due to the COVID-19 pandemic and large amount of PP acres in the state due to excessive flooding. The 23 qualifying North Dakota counties include: Barnes, Cass, Grand Forks, Nelson, Steele, Stutsman and Wells.
 

Weekly Dry Bean Market News

Dry bean trading activity is 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 $38 to $40 per cwt. Black beans remain steady at $25 to $27 per cwt and navy beans are at $30 to $35 per cwt. Bid were not available this week for garbanzo or kidney beans.
 
NOTICE: As Market News transitions reports to the MARS platform and My Market News, report formats will be converted from a text version to a more user-friendly and accessible PDF format. In the next few weeks, this report will move to the new platform and will be accessible here. More information about MARS and My Market News can be obtained from USDA.
Jon Ihry

Crop Progress Report – August 17

North Dakota – Dry edible bean condition rated 3% very poor, 5% poor, 29% fair, 55% good, and 8% excellent. Blooming was 92%. Setting pods was 79%, behind 89% last year. Dropping leaves was 10%, behind 16% last year and 22% average.
 
Minnesota – Dry edible beans setting pods were nearly complete at 99%, ahead of 88% last year 93% average. Dropping leaves was 13%, ahead of 1% last year and 4% average. Dry bean condition improved to 81% good to excellent.
 
Wyoming – Dry edible bean condition rated 10% fair and 90% good. Setting pods was 91%, compared to 63% last year and 65% average.15% have turned colored, compared to 5% last year and 15% average.
 
Colorado – Dry edible bean condition rated 3% very poor, 23% poor, 44% fair, and 30% good. Blooming was 93%, behind of 96% last year.
 
Idaho – Dry edible bean harvest was 2% complete. That compares to 2% last year and 3% average.
 
Oregon – Dry edible bean harvest was 1% complete. That compares to 5% last year and 9% average.
 
Washington – Dry edible bean harvest was 29% complete. That compares to 5% last week.
 
Nebraska – Dry edible bean condition rated 1% very poor, 8% poor, 22% fair, 50% good, and 19% excellent. Blooming was 93%, near 91% last year. Setting pods was 83%, ahead of 67% last year. Dropping leaves was 7%.
 
Michigan – Dry edible bean condition rated 5% very poor, 7% poor, 29% fair, 41% good, and 18% excellent. Setting pods was 70% complete, ahead of 43% last year and 63% average.
 
View the latest USDA Weekly Crop Progress Report here.
northarvest bean day

Dry Beans Purchased

The Department of Agriculture (USDA) purchased dry edible beans for distribution to the child nutrition and other related domestic food assistance programs for Fiscal Year 2020. A variety of Great Northern, pinto, baby lima, blackeye, garbanzo, light red kidney beans and lentils were purchased, totaling over $4.9 million. View the purchase.

Weekly Dry Bean Market News

Dry bean trading activity is 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 $38 to $40 per cwt. Black beans remain steady at $25 to $27 per cwt and navy beans are at $30 to $35 per cwt. Bid were not available this week for garbanzo or kidney beans.
 
NOTICE: As Market News transitions reports to the MARS platform and My Market News, report formats will be converted from a text version to a more user-friendly and accessible PDF format. In the next few weeks, this report will move to the new platform and will be accessible here. More information about MARS and My Market News can be obtained from USDA.

Crop Progress Report – August 10

North Dakota – Dry edible bean condition rated 3% very poor, 9% poor, 24% fair, 53% good, and 11% excellent. Dry edible beans blooming was 87%, behind 93% last year. Setting pods was 66%, behind 75% last year and 79% average. Dropping leaves was 4%, near 2% last year.
 
Minnesota – Dry edible bean setting pods reached 94%. That’s ahead of 76% last year and 85% average. Condition declined to 80% good to excellent. 20% are in poor to fair condition.
 
Wyoming – Dry edible bean condition rated 19% fair and 81% good. Blooming was 96%. Setting pods was 78%, compared to 42% last year and 41% average. 3% have turned colored.
 
Colorado – Dry edible bean condition rated 3% very poor, 23% poor, 44% fair, and 30% good. Blooming was 82%, ahead of 74% last year and behind 79% average.
 
Idaho – Dry edible bean condition rated 6% poor, 25% fair, 67% good, and 2% excellent.
 
Oregon – Dry edible bean condition rated 2% very poor, 6% poor, 14% fair, 60% good, and 18% excellent.
 
Washington – Dry edible bean condition rated 1% very poor, 2% poor, 18% fair, 63% good, and 18% excellent. 5% of the beans are harvested.
 
Nebraska – Dry edible bean condition rated 4% poor, 20% fair, 57% good, and 19% excellent. Blooming was 92%, ahead of 79% last year. Setting pods was 55%, ahead of 39% last year.
 
Michigan – Dry edible bean condition rated 6% very poor, 10% poor, 38% fair, 30% good, and 16% excellent. Setting pods was 55% complete, ahead of 18% last year and 41% average.
 
View the latest USDA Weekly Crop Progress Report here.

RMA Extends Deadlines, Defers Interest Accrual Date

The USDA Risk Management Agency is allowing crop insurance providers to extend deadlines for premium and administration fee payments. This allows the providers to defer interest accrual for these payments.
 
“USDA recognizes farmers and ranchers have been severely affected by the COVID-19 Pandemic this year and to help ease the burden on these folks, we are continuing to extend flexibility for producers,” said U.S. Secretary of Agriculture Sonny Perdue. “The flexibilities announced today support health and safety while also ensuring the Federal crop insurance program continues to serve as a vital risk management tool.”