Tag Archives: china demand

Thanks To Other Crop Prices, The Market May Firm Up

Texas peanuts

As the pandemic continues, the peanut market has been relatively quiet for growers and shellers. Buyers have good coverage for 2021, and shellers are not being aggressive to sell with higher prices looming. But changes in the peanut market are expected. Thanks to rising cotton and corn prices, the peanut market has a firm undertone. Corn is over $5 a ... Read More »

A Retaliatory Tariff Affects The European Market

virginia peanuts

As COVID-19 spikes a second time, the European Union has announced a 25% tariff on U.S. peanuts and other products. The tariff went into effect on Nov. 10, 2020, as authorized by the World Trade Organization, but the market is still digesting the news and determining its potential impact. The move is a retaliation by the European Union against the ... Read More »

A Good Quality Crop Is Needed In 2020

loading peanuts

COVID-19 is bringing more stress and worry to the agriculture picture. If there is a positive in this, it is that demand for peanuts and peanut butter will increase as more people are eating at home. The easy-to-use, nutritious, go-to food makes an ideal meal or snack for families staying at home instead of sending the kids to school and ... Read More »

Crop conditions expected to affect final yield

peanuts, center pivot

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 under irrigation. However, late-planted and dryland peanuts are showing damage and increased aflatoxin. It is too early to tell the ... Read More »

Lack Of Contracting Puts Producers In Unfamiliar Position

peanut harvest

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 of 2019 crop, but most shellers are off the market as farmers are unwilling to contract at the sheller’s offer of ... Read More »

Carryover Expected To Be In More Balanced Position

loading stored peanuts

Peanut production in 2018 in the United States was 2,730,800 tons. The 23 percent reduction from the previous year was a move in the right direction to balance the U.S. supply with world demand. However, it is now apparent that it was not enough to move the market as demand for peanuts in the United States and the export market ... Read More »

Past Production And Yield Pressure Prices

key considerations for planting

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 at 1.43 million acres, down 24 percent from 2017. Farmers were cutting back, trying to do the right thing to ... Read More »