Tag Archives: peanut markets

Consumption Soars, But A Big Crop Is Expected

peanut butter

When COVID-19 hit, it took a while to understand the pandemic and the impact it would have on the peanut industry. With the economy shut down and families forced to stay at home, peanut butter and peanut snacks started flying off grocery store shelves as much as toilet paper and hand sanitizer. Peanut shellers had to find a way to ... Read More »

Sorry soil and tight margins a perfect ‘in’ for Arkansas peanuts

peanut harvest

• By Ryan McGeeney • As 2020 peanut prices gradually catch up to those offered in 2019, the popular legume, now planted on an estimated 35,000-36,000 acres across Arkansas, continues to look like an increasingly good bet for growers with soil beset by southern root knot nematodes or low nutrient values. Andy Vangilder, agriculture and natural resources Extension educator for ... Read More »

Markets Are Quiet As Some Buying Segments Remain Closed

peanuts storage

The ongoing spread of the coronavirus has become one of the biggest threats to the global economy. The agricultural economy was already suffering from low commodity prices and they remain low as major markets are closed to potential buying. The loss of schools and restaurants has interrupted the food chain on a grand scale. The economy being locked down is ... Read More »

Uncertain Crop Quality Makes Supply/Demand Calculations Difficult

peanuts drying

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 it. Prices for raw-shelled peanuts have only one way to go and that is up. Tight specifications for the market will ... 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 »

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 »

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 »