Tag Archives: Markets

USDA Releases County-By-County MFP Payment Information

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The U.S. Department of Agriculture has released a county Market Facilitation Program payment schedule for growers with commodities that have been affected by foreign retaliatory tariffs. The assistance covers specialty crops, non-specialty crops, dairy and hogs. The rates range from $15 to $150 per Read More »

Trade And Disaster Relief Dominate Market Talk Most Recently

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 for Texas and Florida, where cotton acreage is down 23 percent. The idea that cotton would bounce back to 80 cents ... Read More »

Has It Really Been 10 Years?

amanda huber

As the spring rolls on, the hope for better crop prices in peanuts or any rotation partner continues to diminish, as does the hope for a reduction in the peanut stockpile or improved trade. Frequent rains are keeping producers out of the field when they should be planting corn. When this happens, it tends to lead to more peanuts because ... Read More »

Final Numbers Show A Mixed Bag

amanda huber

In mid-February, the U.S. Department of Agriculture’s National Agricultural Statistics Service released state-by-state crop and stock reports. This was the first new data available from the department since the 35-day partial shutdown of the federal government. For some the numbers were better than expected, but for Arkansas producers, it only confirmed that it had been a tough year. Travis Faske, ... 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 »

Looking For A Positive

peanut harvest

Several factors are contributing to the stagnant market, but hope springs eternal that one of these could change. • By Amanda Huber • At the present time, peanut markets are about as exciting as watching paint dry. The hope that another crop may offer a price worthy of creating an acreage shift or that a trade agreement could be reached on ... Read More »

Less Carry-Over Than 2018, But Still An Abundant Supply

peanut exports

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 as sufficient supplies worldwide are available at reasonable prices. If shellers offered a 2019 farmer-stock contract, it would be near $350-$385 ... Read More »

Growing Carryover Tonnage Suppresses The Market

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 farm products. Planting season was first facing a drought. Then, it rained for three consecutive weeks delaying the planting of about ... Read More »

Showers Of Blessings

amanda huber

Peanut planting was late in areas this year because of the rains, and those fields that were planted have tended to languish during the three weeks of constant rains. You can read more about the effects of the rain on the crop in several articles in this issue of Peanut Grower. Although management adjustments may be needed because of the ... Read More »

Did Planting Conditions Drive Acreage Toward Further Reduction?

loading stored peanuts

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 the hands of the shellers. Shellers and buying points also have some protection with the market loan program, which furnishes a ... Read More »