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USDA Expects Modest Change in Bean Area
WASHINGTON - Feb 27/06 - SNS -- There will be little change in dry edible bean seedings in the United States in 2006, predicts the USDA's Gary Lucier of the Economic Research Services February Vegetables and Melons Outlook.
At this moment, markets are "fluctuating between an expectation of no change in planted area this spring or moving as much as 5% higher," Lucier said.
"Given relative market prices in early February, the area planted to dry edible beans would be expected to remain near year-earlier levels in 2006 as projected changes in acreage among the various bean classes would be largely offsetting. However, if grower bids strengthen over the next several months or prices for competing crops weaken, the potential exists for a modest increase in seeded area over last year's 1.66 million acres."
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