STAT Communications Ag Market News

Beans See More Defensive Posture

PANAMA - Dec 1/23 - SNS -- Dry edible beans finished the week's trading on a firmer note as exporters and processors adopt a more defensive posture toward pricing as markets head into the December and January holiday season.

This was reflected in the U.S. dry edible bean price index which was advanced 1.9 points on the week to close at 106.5. Similarly, the global pulse price index rose 0.8 points to close at 110; while the Canadian index gained 1.3 points to finish at 104.4.

Modest improvements in grower bids were noted during the past week, with some processors and exporters filling supply gaps from farmers as they work to meet short term shipping needs.

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