Finding Room For Edible Beans
VANCOUVER - Mar 24/12 - SNS -- Ideas about how many acres of dry edible beans will be planted this year were given a shake earlier this month as analytical firms started to roll out their acreage forecasts for corn, soybeans and wheat.
The estimates represent efforts by the industry to anticipate the content of the USDA's March 30 seeding intentions estimates for 2012. While most of the world will focus on the major grains and oilseeds. the USDA should also publish state level intentions for dry edible beans, chickpeas, field peas, lentils and both classes of sunflower seed. The dry edible bean numbers will for all classes combined.
Heading into the report, the USDA updated its long term forecasts for agriculture. They span the period between 2010 and 2021. For the coming year, the USDA thought land in grains, oilseeds and cotton could be up 2.2 million acres at a forecast 251.2 million. The USDA is looking for gains in corn, sorghum, barley, wheat and rice to be partly offset by declines in cotton and soybeans.
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