The bean market is under intense pressure this June as tightening supplies continue to drive prices upward across both Chinese and international markets. Market sentiment has shifted bullish in response to dwindling inventories, particularly for popular varieties like mung beans and kidney beans. According to recent feedback from China, most traders only hold small lots, offering them at high prices that are increasingly difficult for buyers to accept. In primary production regions, such as the UK, stocks of varieties like red kidney beans have nearly run out, and local trading activity has mostly concluded. With premium-grade raw materials scarce and effective supply failing to meet demand, price support remains elevated.

The situation is compounded as canning plants have ended processing for the season, with both traders and farmers now focused on digesting limited inventories. Domestic Chinese regions reflect a similar dynamic, as stock drawdown becomes the main activity with few remaining on-farm supplies. Globally, Brazilian and UK exporters are observing steady but tight pricing, revealing minimal room for downside. Weather factors—particularly in China and across the major exporting nations—remain a wildcard for both late-planted crops and near-term yield prospects. In this challenging environment, buyers and traders alike are facing tough negotiations, while speculative participants look to potential weather disruptions for further price movement.

📈 Prices: Major Beans Market Snapshot

🌍 Supply & Demand Dynamics

• Supply Squeeze in China & UK: Major producing areas have exhausted stock, especially premium varieties. Only limited high-priced lots are available from traders.
• Domestic Drawdown: Chinese canneries have finished their cycle, and both traders and farmers focus on digesting existing low stocks.
• International Outlook: Brazilian and UK exports are stable but firm, with no significant surplus. Most market participants focus on depleting existing inventories instead of offering new contracts.
• Demand: Consumption from food processors remains subdued after canneries closed, but retail and export interest is steady due to supply anxiety.

📊 Market Fundamentals & Drivers

• Weather: Hot, dry conditions persist in Chinese growing regions—especially Northeast China and Inner Mongolia—with sporadic rains offering only partial relief; there is heightened risk of reduced yields for late-maturing beans.
• Inventory: Exceptionally low on-farm and commercial reserves both domestically (China) and in exporting countries.
• Logistics: Freight rates remain high, with ongoing uncertainty around shipping schedules in the North Pacific and lingering bottlenecks at major Asian ports.
• Speculation & Policy: Market players are closely monitoring potential government moves on stockpiles and agricultural policy in China. Speculators remain positioned long amid ongoing supply risks and dry weather patterns.
• Global Competition: Alternate suppliers such as Brazil and the UK have limited volumes and are quoted at firm prices, leaving buyers few options for replacement products from other origins.

🌦️ Weather & Crop Yield Outlook

• China: 10-day forecast indicates continued hot, mostly dry conditions for Northeast China and Inner Mongolia. Scattered storms may reach southern Henan, but coverage is patchy and unlikely to reverse moisture deficits. Crop stress is likely to impact yields unless more widespread rain materialises.
• Brazil: Southern regions are seeing seasonally mild wet spells, supporting stable yields. Late harvests are progressing well, but no major surplus is expected due to robust domestic and export demand.
• UK: Transitional season, with finishing rains aiding late crops, but most beans are already harvested, and marketable stocks are nearly exhausted.

🌍 Global Production & Stock Comparison

📆 Trading Outlook & Recommendations

• For Importers: Secure forward contracts early; expect further upside on prices, especially for premium Chinese and UK-origin beans.
• For Producers & Sellers: Hold remaining stocks where possible to benefit from continued bullish momentum. Maintain pricing discipline.
• For Processors & Canneries: Monitor weather and replenishment possibilities; consider diversifying origins or grades to mitigate near-term supply risk.
• For Traders: Consider opportunistic sales, but beware of thin liquidity and potential for further price spikes on weather-related news.
• For Speculators: Maintain long positioning; watch for risk of short covering if rains materialise in China.

🔮 3-Day Regional Price Forecast