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Oct
06

Bean Supply Tightens as Production Falls Across Major Growers

Global bean supplies are set to come under increasing pressure in 2026/27, with output expected to decline across several major producing countries, including Canada, the US, Mexico, Brazil and Argentina. Black and pinto beans are likely to face the sharpest supply constraints.

Canada’s colored bean production is estimated at 355,000 tonnes, down 26% from a year earlier, while white bean output is expected to remain broadly stable. With opening stocks at around 49,000 tonnes, Canadian exports are forecast to fall to 360,000 tonnes in 2026/27, compared with 406,000 tonnes in the previous season.

The US is also heading for a smaller crop. USDA estimates total bean production at 1.06 million tonnes, against 1.22 million tonnes last year. Black and pinto beans are expected to account for much of the decline, while adverse growing conditions in North Dakota, Michigan, Colorado and Nebraska could put further pressure on final output.

Mexico is projected to produce around 210,000 tonnes less beans than a year earlier. Meanwhile, reduced acreage devoted to black beans in Brazil and Argentina is adding to concerns about availability in international markets.

The tightening supply outlook is already being reflected in prices. US black and pinto bean values have climbed 35–45% over the past 12 weeks, supported by weather-related production risks and shrinking acreage. Competition from higher-return crops such as canola and soybeans is also encouraging farmers to shift land away from beans, further limiting production prospects.