THE BIG PICTURE
are not the European market’s preferred quality, Egypt production being up by a third this year tells its own story. Ukraine’s success moving into white pea bean exports has further crowded the market. Another factor stopping U.S. farmers adapting to the Argentinian crop failure – also in kidney beans and cranberries – was timing. The frost that caused so much damage to Argentina’s beans occurred in late May – too far along for many to adjust. By then, seed was bought and the logistics of switching out acreage were complex. Black beans and pintos may have been not just the best, but the only option. U.S. beans as things stand "Normally on black beans we like to have a carryover between 500,000 – 800,000 hundredweight (CWT) (25-40 thousand tonnes) but some forecasts have us carrying over between 1.5 million-2 million CWT (76-101 thousand tonnes)," Dylan
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