STAT Communications Ag Market News

Timid Buying in Dry Beans

PANAMA - Sep 18/20 - SNS -- Dry edible bean markets finished the week's trading on a modestly firmer note as buyers covered outstanding needs for the fall shipping period and began to cover prospective needs for the opening quarter of 2021.

This was reflected in the spot index for dry edible beans in the United States, which gained 0.6 points on the week to close at 73.1. Advances were recorded in pulses in general, with the global pulse price index rising 0.5 points to close at 74, while the Canadian pulse prices index jumped 1.7 points to finish at 71.5

Demand uncertainty remains in markets, with some importers and end users needing to move product bought earlier, while others are not sure about the depth of demand in the coming months.

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