Yesterday’s USDA’s, National Agricultural Statistics Services (NASS) report made minor revisions to their Dry Bean numbers primarily dropping planted acres by some 10,000 across the USA.  The overall averages suggest the following:  Output in 10 of the 18 producing states will be lower than a year ago.  This is primarily due to reduced acres (down ~2.3% on average) however average yield is forecast to be up slightly.  Averages can be deceiving since the ‘devil is in the details’.  Pinto beans the dominant US market class is forecast to see an 11% drop in production while Navy beans– White Pea Beans the second largest market class will see a jump of 13% in production.  Forecasts of production shifts for other market classes are as follows: Black Beans down 1.5%; Kidney beans –Light Red up 9% Dark Red up 34% Cranberry Bean up 11%

To see the entire report on all commodities click here

This entry was posted on Wednesday, October 29th, 2008 at 10:19 am and is filed under Producer News. You can follow any responses to this entry through the RSS 2.0 feed.