Tag Archives: china

Crop market looks strong, producers book fall loads

alabama peanuts

Alabama’s row crop producers are seeing rising prices and a positive crop market outlook, alongside producers throughout the United States. Alabama Cooperative Extension System Economist Wendiam Sawadgo said prices are definitely higher than the ones producers have seen in the past few years. Factors influencing crop markets “There have been a few factors at play,” Sawadgo said. “Trade with China—especially ... Read More »

Rotational Crop Prices Bring Market Positives

The 2021 season opens with lots of positive trends. The pandemic is winding down as vaccine distribution continues. Row-crop farm prices have increased going into planting season with cotton near 85 cents per pound and corn over $5 per bushel. Both are crop rotation partners for peanuts and offer the producer options to plant the most profitable crop for the ... Read More »

Extended Economic Outlook

peanut grades

Will consumers stick with the budget friendly protein as much in 2021? • By Amanda Huber • Market news offers many bright points. Consumption has hit record numbers. The quality of the 2020 crop is much better than 2019, and producers have more options this year with increased prices of rotational crops. However, there are negatives in the mix. Although ... Read More »

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 »

Domestic Usage Takes Big Jump In First Quarter

peanut butter

Never before has the U.S. peanut market been in such disarray with so many unusual circumstances as it is in 2020. The peanut market continues to rise with very thin trading volume. Prices for peanuts testing negative for aflatoxin are about 68 cents per pound for whole peanuts. Blanched material is priced in the mid-70s to low 80 cents per ... Read More »

Offers Reflect The Full Market Pipeline

peanut grading

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. Some buyers waited and are now feeling the pinch of having to pay more for peanuts. Quality seems to be the ... 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 »