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Beans Mixed as Argentine Strike Threat Eases
VANCOUVER - Jul 18/08 - SNS -- International dry edible bean markets finished the week's trading on a mixed note, with Argentine markets dropping on expectations the Senate's rejection of increased export taxes will prevent another farmer's strike any time soon.
The U.S. spot market index for dry edible bean finished the week at 1405, up 14 points from the previous week and compared to 979 at this time last year.
The grower index finished up 30 points at 1238, about five points below its record high, but up from 878 at this time last year. The grower share of the weighted average dealer price for beans now stands at 78.8%, up 0.8 points from last week and down 1.3 points from this time last year.
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