But acreage has dropped since USDA's report, Courneya said. The first drop in acres occured during planting because many producers either couldn't plant in wet conditions or switched to other crops. The second drop in acres happened when heavy rains in many parts of the region in late June and early July caused as much as a 30 percent dry bean acreage loss in North Dakota and Minnesota because of drown out. Stagnant market Market prices have leveled out or dropped recently as producers and market watchers prepare for the new crop. USDA's dry bean production report, due out in August, will probably shape market trends.
Light demand continues to dominate the dry bean markets resulting in slower trade.
It's la-la land out there. That's thanks in part to a large amount of navies being produced, Courneya said. Grand Forks Herald. All rights reserved. Any copying, redistribution, or retransmission of any of the contents of this service without the express written consent of the Herald is expressly prohibited.