N. A. White Bean Acres to June 30th
June 30th marked an important date. Acreage numbers were released in the USA. And in Ontario it marks the deadline for reporting acres for crop insurance. As well it is the deadline for Ontario producers to declare their intention to grow white beans outside of the pooling system.
The US report is aggregated by State and Market class (pinto, navy, black, etc.) The US numbers show a jump of 13% – all classes and Navy bean acres at 223,300 acres is a 14.8% increase. The US numbers came in pretty much as expected but lower than internal OBPMB estimates.
In Ontario a late surge in reporting of acres show WPB planting just shy of 80,000 acres substantially above industry guesses (65K) and well above what initial seed sales would indicate.
The other major growing region Manitoba has industry guessing 60,000 acres however inclement weather has perhaps diminished those expectations.
In total North America may have a crop base of between 360 – 370,000 acres which may be enough to replenish the supply pipeline if overall yields can maintain or surpass trend of 1700 lb. per ac. otherwise 2010 may be a squeaker.