North American dry edible beans markets continue to be quiet at this stage. Export interest is non-existent and domestic demand is hard to pin down to firm buying commitments. FOB values per 100lbs continue to soften despite severe drought issues the further west you go in the growing region and the exact opposite in the eastern growing regions with excessive moisture and cooler temps. Minnesota, North Dakota & Manitoban dry bean regions are currently fairing about the best at this early stage in 2015 crop development, but would benefit further with additional heat.
About 10% of the bean crop is still left unplanted in the East with wash out concerns remaining in some recently planted fields. Crop insurance planting deadlines are quickly approaching adding more concern to these unplanted acreages.
Generally dry bean conditions for the fields planted are rated good to fair.
Old crop dry bean inventories are mixed. Dark Red Kidney, Black Beans supplies seem tightest, while there are possibly deals to be had for many of the other varieties -substantially discounted from just months ago.
Should you have any specific buying interest, please drop us a line. We have excellent opportunities for new crop of course, but we have specific current crop ‘advantaged pricing’ for nearby shipments on:
Pinto Beans, Small Red Beans, Cranberry Beans , Light Red Kidney Beans, Navy Beans, and Great Northern Beans.
We also specialize in off grade dry edible bean classes for bean paste or feed markets.