No Changes in Beans
PANAMA - May 17/19 - SNS -- Few changes were seen in dry edible bean markets during the past week, with the focus switching to new crop shipping positions for North Americab product..
This saw the U.S. spot index for beans finished the week unchanged at 115 points. The Canadian pulse price index inched down 0.1 points to finish at 125.1, while the world pulse price index gained 0.7 points to close at 140.1.
Markets are hopeful demand for beans from Brazil improves during the 2019 calendar year. Though seeded area is down, the country is optimistic yields will improve for a modest increase in domestic production. However, residual supplies are down, resulting in no change in available supplies of domestic beans.