THE BIG PICTURE
year," says Dylan Karley of North Central Commodities. "We've been completely sold out of our processing plant since around March, just waiting for the new crop." The new U.S. crop is going to be packed with pintos and black beans – aimed at capitalizing on high prices and the promise of strong demand. Estimates put 2024’s pinto production at around 673 thousand tonnes (46% up YoY) and black beans at 471 thousand tonnes (47% up YoY). But as the season progresses, the question emerging is: will this leave the USA drowning in beans? Mexican beans bounce back in '24 Mexico's drought last year was unusually extreme – its driest year on record. The bean crop is sure to improve this year by virtue of actually being in the ground. We won't know by how much it improves until October/November, when the harvest begins, but early signs
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