October 16, 2025
ADM’s Orion Roy-Wright discusses the North American harvests and unpacks the forces shaping today’s pulse markets — from smaller U.S. bean volumes and Canada’s record-breaking pea yields to fierce Russian competition and faltering global demand. With oversupply building across continents and key buyers stepping back, 2025 could redefine trade flows across the pulse world.
“This year, we’re looking at roughly 175 KMT of navy beans, 385 KMT of black beans, and 635 KMT of pintos between the US and Canadian harvests.
Most of those crops have been ratcheted down considerably from what we imagined at the start of the year, but we saw seed sales drop a little under expectations, so it's not a huge surprise. Maybe it’s a little surprising how much they’ve been reduced, but it's not a disaster. I think there was a lot of talk about big navy bean numbers, especially, but we haven't really seen those materialise.”
READ THE FULL ARTICLECanada’s pea harvest surged to an estimated 3.5 MMT this season, while U.S. yields held steady — deepening the global glut and pushing prices toward multi-year lows.
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