2014 Dry Edible Bean Production USDA Forecast

Dry beans: Production of dry edible beans is forecast at 28.7 million cwt, up
17 percent from last year. Planted area is estimated at 1.67 million acres,
up 23 percent from 2013. Harvested area is forecast at 1.61 million acres,
23 percent above the previous year. The average United States yield is
forecast at 1,784 pounds per acre, a decrease of 83 pounds from a year ago.

In North Dakota, planting was virtually complete by June 22, well ahead of
last year but equal to the 5-year average. As of August 3, development
remained behind the normal pace. In Nebraska, planting was virtually complete
by June 22, near the normal pace. By early-August, the crop was rated mostly
good to excellent. Michigan’s planting began ahead of schedule and was
finished by the end of June. Conditions have been favorable for the crop and
by August 1 the crop was rated 75 percent good to excellent.

Fundamentally speaking, things look good due to favorable weather conditions and more acres in most parts. Prices should decline to lower levels on certain varieties of beans and pulses when new crop starts shipping out into the market. Growers and shippers of  certain colored varieties like Great Northerns and Red Kidneys will have a larger supply this year in hopes seeing last year’s high values again. There will be a larger supply of pinto beans this year along with a variety of color options, and the higher number of CWT produced in North Dakota & other pinto bean growing regions should drive prices to lower levels growers won’t be satisfied with.

USDA Weekly Dry Bean Prices

BEANS                                 Dealer                Grower
Pintos
   N.E. Colorado                  42.00-44.00                31.00
   W. Nebraska/E. Wyoming         42.00-44.00                31.00
   N. Dakota/Minnesota            37.00-38.00                30.00
   N. Wyoming/ S.C. Montana   Not Established      Not Established 
   Washington/Idaho                 Ltd 45.00          34.00-35.00
Great Northern
   Nebraska/Wyoming           Not Established      Not Established 
   N. Dakota                  Not Established      Not Established
Light Red Kidney
   Colorado/Nebraska          Not Established                53.00 
   Michigan                   Not Established      Not Established
   Wisconsin/Minnesota        Not Established      Not Established 
Dark Red Kidney
   Michigan                   Not Established      Not Established
   Minnesota/Wisconsin        Not Established      Not Established 
Pink
   Washington/Idaho           Not Established    V Ltd 39.00-40.00 
   N. Dakota/Minnesota        Not Established      Not Established 
Small Red
   Washington/Idaho           Not Established    V Ltd 39.00-40.00 
   Michigan                   Not Established      Not Established 
   N. Dakota/Minnesota        Not Established      Not Established
Black
   Michigan                       V Ltd 55.00      Not Established
   N. Dakota/Minnesota      V Ltd 51.00-52.00      Not Established 
Pea Bean
   Michigan                   Not Established      Not Established 
   N. Dakota/Minnesota        Not Established    V Ltd 37.00-42.00 
Garbanzo
   Washington/Idaho (52/60)       40.00-42.00                30.00 
   N. Dakota/Montana          Not Established      Not Established 
PEAS and LENTILS
Idaho/Washington
Green Pea - Split                       28.00             -----  
         Whole Vine           Not Established          17.00-18.00
            Upright           Not Established          17.00-18.00 
Yellow Pea - Split            Not Established             -----  
             Whole            Not Established      Not Established
Austrian Winter Pea           Not Established      Not Established 
Lentil - Brewers              Not Established      Not Established 
         Pardina              Not Established          25.00-25.50
N. Dakota
Green Pea -  Whole            Not Established          15.00-16.67
Yellow Pea - Whole            Not Established          11.67-12.50 
Lentil - Richlea              Not Established          16.00-18.00 
CALIFORNIA 
    Baby Lima                 Not Established      Not Established 
    Large Lima                Not Established      Not Established 
       Canning                       -----         Not Established
    Blackeye                  Not Established      Not Established
    Garbanzo (54/58s)         Not Established      Not Established

Pinto Beans, Quinoa, and Corn – Recipe

Pinto Beans, Quinoa and Corn – Recipe

Dry pinto beans with some fresh quinoa and corn provide a healthy and vegetarian friendly dinner option. Check out the recipe below to liven up your dry pinto beans!

Don’t forget to soak your dry pinto beans the day before you plan to prepare this meal. Soaking dry pinto beans for at least 24 hours with a pinch of salt and pepper can provide a nice prep for your dry pinto beans before you add them to the rest of the ingredient list. This recipe below will make enough for 8 people.

Here are the ingredients you will need:

– 8 cups F.Garcia Dry Pinto Beans

– 1 cup of uncooked Quinoa

– 1 cup of Corn

– 1 teaspoon Olive Oil

– 2 cups of broth or “Mojo”

– 1 white Onion, finely chopped

– 4 cloves of Garlic, finely chopped

– 4 whole Green Peppers, finely chopped

– 1/4 teaspoon cayenne pepper

– 1/4 cup fresh cilantro, finely chopped

– Salt and Pepper as you see fit

Directions:

* Dry pinto beans should have already been soaked for 24 hours.

1. Bring your Olive Oil to medium temp in your large saucepan. Stir in peppers, onions, garlic and cilantro and sauté lightly.

2. Add quinoa and corn with “Mojo” to your saucepan and let soak in flavors of sauté for 15 minutes. Add in your seasonings and cilantro and let the mixture simmer for 30 minutes.

3. Now add in your dry pinto beans which should have soaked for 24 hours and cook for another 30 minutes. Bring down heat to low and prepare to serve.

4. ENJOY!

 

Dry Pinto Bean Market News

US dry pinto bean prices stayed flat again this week as prices look to be settled for the near term. Growers are currently waiting for wet weather to subside across most of the country and haven’t had much of a chance to get into the fields. Flooding up in the Mindak area will contribute to further delays regarding planting, so we’ll just have to sit back and see what unfolds the next few weeks.

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