Archive for April, 2009

Canada’s Dry Bean Acres Remain Uncertain

Monday, April 27th, 2009

Canadian dry bean planted area is widely expected to be lower in 2009, although just how much lower still remains largely uncertain, says a story from Syngenta Farm.

The April 24th 2009 Statistics Canada planting intentions report provided direction on intended dry bean acres.  It had Manitoba acres down 36.3% but said nothing about Ontario.

Indications are that 2008 soured growers on planting both white pea beans and coloured bean market classes. 

To read the Syngenta story click here   

[Editor’s note: The lack of a ‘board price’ throughout the post harvest period to allow growers to fix cash flow, and then the lack of, and/or sporadic solidly competitive prices into the new calendar year when growers were planning future cropping decisions virtually assures lower acres for the 2009 season.  Ostensibly the market is signally it has sufficient beans of all classes but the question remains will acres planted for 2009 yield sufficiently to keep pipelines full?]


White Bean Acres may be down to 3rd lowest in 12 years

Thursday, April 2nd, 2009

Acreage guesses for White Pea (Navy) beans are beginning to roll out after the USDA’s Prospective Planting intentions report of March 31st.   Niche crop analysts, punters and pundits alike are putting their best guess forward. 

Extrapolations and or interpolations of the US numbers suggest Navy (White Pea Bean) acres could be down between 10 and 12% while all dry beans market classes might be up 3% over a year ago.

Industry followers also indicate that acres in Canada maybe down but, by a higher percentage – perhaps as much as 30% lower than a year ago.  A number of factors have been sighted for this:  the overall commodity price collapse, the lack of pricing opportunities last fall to generate cash flow, profitable choices of alternative crops such as IP soybeans and in some cases traditional field crops showing better returns to risk in the cost of production analyses.

Regardless the reasons, if all transpires as indicated North America will plant its 3rd lowest acreage in the past 10 years.  At 345,000 acres across North America, 2009’s number will be only slightly higher than 2004 when there were 340,000 acres.  The 2009 number will be higher than, what might be the all time low but certainly the recent memory low of 301,000 acres established in 2003.

For the moment the market is content with its supply and demand analysis that suggests a burdensome carry-over of between 1 to 2 million bags (hundredweight) and an acreage of 350,000 +/- will be enough to produce an adequate supply.  The optimum planting window is still 60 days off – much can happen between now and then.