Bean Trading Interest Picks Up
VANCOUVER - Aug 31/12 - SNS -- Trading interest in dry edible beans continued to improve the past week, with buyers in Europe and the Indian subcontinent becoming more active.
This reflects the end of the European holiday season as well as the fact the harvest will soon be general across the northern hemisphere.
The USDA noted, "Trade has slowed with anticipation of new crop. New crop harvest has begun in all regions and will continue to pick up the next couple weeks.
"NASS has reported 17% of the beans in North Dakota and 18% of the beans in Colorado have been cut compared to 2% and 1% last year. Washington is reporting 15% of the bean crop to be harvested compared to 14% last year."
Only active subscribers can read all of this article.
If you are a subscriber, please log into the website.
If you are not a subscriber, click here to subscribe to this edition of the STAT website and to learn more about becoming a subscriber.
