STAT Communications Ag Market News

Soybean Versus Dry Beans

PANAMA - Apr 25/17 - SNS -- Production of all classes of dry edible beans in Canada and the United States will be up over last year if growers stick with their seeding decisions and the region experiences average yields.

On the other hand, given the current pace of export demand and domestic usage, this summer's carry over will be smaller than last year, with the result combined supplies of beans in the two counties could be down 3% at 1.56 million metric tons (MT).

Significantly, this is down 5% from the recent average supply of beans, suggesting that stocks will remain relatively tight over the coming marketing year.

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