2010/11 U.S. dry bean crop is forecast down 38% from last year, according to USDA crop production estimates.
U.S. acreage reduction was driven by weather problems at planting. Planted area is estimated down 37%, harvested area is forecast down 39% from the previous year, while yields are slightly higher.
Production is forecast to be down across all States but markedly so (by 41%) in the five largest producing States; North Dakota, Michigan, Minnesota, Nebraska, and Idaho.
Some Supply demand estimates indicate the barest of minimum of carry-over – nearly nonexistent.
Current grower bid in Michigan for navy beans (white pea) is indicated at $49 – 50 USD per bag.
In Canada, Manitoba saw a better than average edible bean year – production wise, on significantly reduced acres (down 65%) . Bean acres planted to all market classes in Manitoba is estimates at 51,182 versus last year’s total bean acres of 145,825. In Ontario seeded acres to white beans for this harvest is estimated at 45,000 acres down from last year’s 81,000. A cool wet spring and an average to wetter than normal season for some, with a warmer than normal harvest season is producing some unexpected results. Quality is very good and much better than last year. Yields are good to very good – ranging anywhere from the low to high 20 bags per acre. Ontario producer prices indicated at 46 to 48 dollars per bag.