The U.S. peanut market is said to be difficult with producers awaiting marketing signals on how many acres of peanuts to plant. Shellers are struggling to meet deliveries of current contracts and still show little interest to sell more...
The peanut market has firmed up slightly as shelling of the 2019 crop gets underway. The price for shelled runner peanuts has increased from 46 cents per pound in the early season to 56 cents per pound this month....
The wait and see feeling continues for the peanut industry. Peanut shellers are processing the 2019 crop. Brokers report that U.S. exports depend on the quality of Southeast-produced peanuts and how well the shellers will be able to handle...
The U.S. market is in a “wait and see” mode. The Southeast, where 70% of peanuts are grown, is experiencing hot and dry conditions, one of the longest such periods in history.
Early planted peanuts were considered good, especially those...
Production for peanuts in 2019-20 is projected by USDA to be up 3 percent to 5.6 billion pounds based on modest increases in intended planting and yield. The NASS Prospective Plantings report showed most peanut acreage gains are expected...
As the 2019 peanut crop gets planted, markets remain quiet. Buyers are aware that carry forward numbers are high and so there is no urgency to book any additional peanuts. Buyers at home and abroad are open to offers...
It is not fake news to say that peanut markets are dead. As one broker explained, “As an industry, we must find a way to sell more peanuts.”
Domestically, we’re not going to turn this ship around anytime soon. As...
The 2019 peanut market for farmers was already weak because of a large carry-over from the 2017 and 2018 crops. Production in 2018 was estimated at 5.46 billion pounds, (2,730,800 tons) down 23 percent from 2017.
Planted area was estimated...
The entire peanut industry is in a holding pattern. Neither buyers, nor shellers or even farmers can make an informed decision about what to do in 2019 crop year. Buyers for both domestic and export are only buying hand-to-mouth...
A peanut broker recently told farmers that the price of peanut kernels was indicating to shellers that we will need fewer peanuts in 2019 than was handled in 2018. This is because of weak domestic demand and uncertainty with...
The peanut industry has been jolted by two hurricanes this season. Florence hit North and South Carolina as harvest was about to start with flooding that caused rivers to overflow and covering crops waiting to be harvested.
With about 40...
The peanut market is about as stirred up as a large jar of mixed nuts. Nationally, Congress is wavering on passing the Farm Bill. Trump continues to talk of unfair trade agreements and farmers are expecting retaliatory tariffs on...
When we talk about peanut marketing, it’s supply versus demand that eventually rules. The government provides some stability and market protection for the grower; however, prices are influenced by the available peanut supply either in the loan or in...
It’s planting time and decisions on what to plant have been made by now. The decision was easy for some producers, especially contract growers, who plant for rotation and pray for a good crop. But for many, it’s the...
For a peanut farmer, it’s hard to get excited about 2018. Contract prices are down $100 per ton, or most of the possible profit, the generic base that allowed a base payment on peanut base and converted cotton base...
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