Edible Bean Market Tension
VANCOUVER - Oct 29/11 - SNS -- Dry edible bean markets finished the week with tensions building in markets over the question of whether North American prices are overdone on the upside.
Even so, the spot market index for U.S. origin beans closed 10 points higher on the week at 1684, the index for grower bids was 26 points higher 1562 points.
Improved availability of new crop beans from China and reports that processors in the United States and Canada have been buying from that origin are seen by market bears that prices have peaked.
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