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  • Will a reduced crop estimate make a difference in contract offers?

    Will a reduced crop estimate make a difference in contract offers?

    Making plans for the 2018 peanut marketing year will be difficult. All markets are aware that we have a few too many peanuts. The U.S. peanut crop for 2017/18 was revised down 2 percent in the November Crop Production report to 7.64 billion pounds (3,819,500 tons) based on slightly lower yields. Georgia, Alabama and Florida account for most of this month’s crop reduction. The downward revision to 4,176 pounds per acre reduces the yield to the second highest ever after 2012/13 (4,211 pounds). Moderation of this supply may temper the expected increase in season-ending stocks ... Read More »
  • New Year, Old Problem

    New Year, Old Problem

    It’s hard to get through the holiday season without gaining a little extra weight, and it’s not just the Christmas cookies and treats, but also turkey and cornbread dressing and gravy — yum! The fruitcake is certainly safe with me — where do they grow those oddly colored fruit anyway? But it seems nothing much else is. Stuffed is a pretty good way to describe peanut warehouses right now as well. As you can read from Tyron Spearman’s Market Watch on page 6, all markets are aware that there are too many peanuts. Even if ... Read More »