Bean Market Outlook Taking Shape
VANCOUVER - Apr 21/11 - SNS -- The situation facing dry edible bean markets in the coming marketing year is starting to take shape, with markets having a better idea of what to expect from North American farmers.
As always, the greatest uncertainty comes from countries such as China, where the lack of reliable data makes estimating current and past production levels more of an art than a science.
Some countries try harder to know what was produced, basing production estimates on "statistically strong" surveys of farmers. Other countries survey farmers in some areas, poll the trade in some, and poll local "ag reps" in others. Some report what they think farmers will bring to market, which means that the actual size of the harvest depends on how much they pay farmers.
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