BEAN DAY - Northarvest Bean Growers Association

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By Gary Lucer USDA agricultural economist U.S. dry edible bean production is estimated to be down signficiantly from a year ago. Although beginning to show some strength, aggregate dry bean prices remain low ($15.30 per cwt in October, down 11% from a year ago) because of fully stocked market pipelines and slow exports for a few key bean classes. USDA announced several sizeable purchase intentions for domestic canned and dry pack beans this Market analysis Full pipeline, slow exports affect prices despite supply cut fall, which should help improve market tone by reducing inventories built by last season’s strong yields, ample world supplies, and the sluggish export market this season. Despite extremely low prices, dry bean export volume was 14% below a year ago through the first 8 months of 2000. Adequate world supplies and the strong U.S. dollar have offset the advantage of low market prices, keeping export volume down for navy beans (down 56%) and pinto beans (down 29%) beans— Page 40 NORTHARVEST BEAN GROWER January-February 2001 the two largest classes. However, the lack of movement in these two large classes masked much stronger volumes for most other bean classes. Exports increased from the low levels of a year ago for black, Great Northern, baby lima, small red, blackeye, and pink beans. U.S. exports (commercial and food aid) increased to Mexico, Japan, Angola, and Haiti but declined to the United Kingdom, Canada, Honduras, and Nicaragua. Domestic dry bean consumption is forecast to reach a record 2.2 billion pounds in 2000 - up 2% from 1999. New and Used Bean Equipment 2 Pickett 8/30” 1 Speedy cutter 6/30” 1 Heath cutter 8/30” 1 TFI cutter 8/30” 1 TFI One Pass 8/30” IH810 15’ w/14’ Sund 4,6 & 8 row Morris rodweeder Bean heads Sund pickups Slow down kit for JD 7700-20
Reduced volume to Central American nations such as Honduras was a reflection of the recovery from Hurricane damage two years ago, bringing lower food aid needs. Because of the strong U.S. dollar, competition from Canada, and reduced navy bean import demand, export sales to the United Kingdom were down by two-thirds to just 35 million pounds.With average grower prices for dry beans very low for most of the past marketing year, retail prices for dry bagged beans also fell, declining 2% from a year earlier during the first 9 months of 2000. However, the U.S. dry bean grower-retail price margin declined during the year, with the grower price averaging just 23% of retail value during the first three quarters — down from 26% in 1999. However, an expected gain in grower prices during the fourth quarter with expectations for further modest increases in the year ahead should help growers regain some of this lost share of retail value. Domestic dry bean consumption is forecast to reach a record 2.2 billion pounds in 2000 — up about 2% from 1999. Forecasts for 2001 suggest domestic use may decline as supply is cut back and prices begin to move higher. On a per-person basis, dry bean use jumped about 8% in 1999 to 7.9 pounds due to strong supplies and very low prices. In 2000, most dry bean prices remained low and relatively stable, which encouraged the domestic market to absorb more dry beans and allowed per capita use to rise to 8.0 pounds. Pinto Production Down; Price Improving Slightly Pinto bean production in 2000 is down slightly for the second consecutive year following 1998’s nearrecord high and should be a better match for the existing domestic and Market analysis export demand. Calendar year 2000 domestic use is likely to be around 975 million pounds and exports will use an estimated 150 million pounds. Grower prices (MN/ND) began the marketing year in September at $11.50 per cwt and had moved to $12.00 by mid-November. Although moving higher, these were the lowest monthly averages since 1991. Pinto bean exports have been weak this year, with volume during the first nine months of the year down 18% from a year earlier. Reduced movement to Mexico (down 24%), the Dominican Republic, Haiti, and a few sales to Nicaragua outweighed increased movement to Angola (up 99%) and Russia. Exports are excpected to account for about 9% of supplies, down from 10% in 1999 and 12% during the 1990s. The recent low was in 1992 when just 7% percent of supplies were exported. -- Source: November 2000 USDA ND State Seed ad pickup from Jan. 2000, page 42 4/color NORTHARVEST BEAN GROWER January-February 2001 Page 41
Page 1 and 2: Vol. 7 No. 1 www.northarvestbean.or
Page 3 and 4: “HOW THE AMADAS handled nightshad
Page 5 and 6: LUNCH SPONSORS Agricore 6900 Wedgew
Page 7 and 8: EXHIBITORS Agricore Special Crops B
Page 9 and 10: Terry Redlin print is Bean Day door
Page 11 and 12: A message from the president Dear m
Page 13 and 14: Export market development The Natio
Page 15 and 16: Domestic Promotion Hundreds of arti
Page 17 and 18: The Northarvest Bean Grower Associa
Page 19 and 20: THORESON JOINS NORTH CENTRAL COMMOD
Page 21 and 22: 1) Current funding is adequate and
Page 23 and 24: Boston Baked Beans -- were the focu
Page 25 and 26: operation, too. In fact, he says th
Page 27 and 28: it shows the world that Minnesota
Page 29 and 30: ow before planting. He made a front
Page 31 and 32: page of the entry. Entrants must li
Page 33 and 34: Busy season for bean promotion The
Page 35: Anthracnose raises concerns about s
Page 39 and 40: USDA Crop Report NORTHARVEST BEAN G
Page 41 and 42: Central Flow threshing cylinders ha

BEAN DAY - Northarvest Bean Growers Association

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