STAT Communications Ag Market News

Little Change in Final Bean Forecast

PANAMA - Jan 14/22 - SNS -- Last year's dry edible harvest in the United States ended up at 1.69 million metric tons (MT) judging from the USDA's final production estimates for 2021.

States included in the USDA report grew 1.03 million MT. The difference stems from including states previously excluded because their production was considered nominal in the national context.

The final report was up slight from the October forecasts, but down significantly from the 1.557 million MT produced in 2020 because of a lower seeded area and reduced average yields because of unusually hot and dry growing conditions in North Dakota and other parts of the growing area.

All states reported a smaller harvest than the previous year, with the most significant decline reported in North Dakota. Output in that state sank 50% from around 580,300 to almost 290,200 MT.

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