Peanut Market Information Page

National Weekly Posted Price for Peanuts:

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Life of a Peanut

NEW PEANUT INFORMATION

 

World Peanut Market 30 year History UGA

 

November 11, 2008

It is not difficult to summarize a year where there is over 500,000 more tons predicted to be harvested.  The lack of self control with decent prices will cause a massive deflation in 2009 crop prices likely followed by or paralleled with a massive decrease in acreage.  It will take some control of the marketing, seed sales, contracting, and other available management tools to prevent wild swings in acreage from year to year due to volatile commodity markets. 

 

Peanuts:  Area Harvested, Yield, and Production by State           

             and United States, 2007 and Forecasted November 1, 2008           

--------------------------------------------------------------------------------

      :   Area Harvested    :            Yield            :     Production     

      :-------------------------------------------------------------------------

 State:          :          :         :       2008        :          :         

      :   2007   :   2008   :  2007   :-------------------:   2007   :   2008  

      :          :          :         :  Oct 1  :  Nov 1  :          :         

--------------------------------------------------------------------------------

      : --- 1,000 Acres --     --------- Pounds --------   --- 1,000 Pounds ---

      :                                                                        

AL    :   157.0      191.0     2,550     3,100     3,300     400,350    630,300

FL    :   119.0      133.0     2,700     3,400     3,400     321,300    452,200

GA    :   520.0      685.0     3,120     3,250     3,300   1,622,400  2,260,500

MS    :    18.0       21.0     3,300     3,400     3,400      59,400     71,400

NM    :    10.0        8.0     3,500     3,500     3,500      35,000     28,000

NC    :    90.0       98.0     2,900     3,200     3,500     261,000    343,000

OK    :    17.0       18.0     3,400     3,900     3,900      57,800     70,200

SC    :    56.0       67.0     3,100     3,500     3,500     173,600    234,500

TX    :   187.0      250.0     3,700     3,500     3,300     691,900    825,000

VA    :    21.0       23.0     2,500     2,800     3,400      52,500     78,200

      :                                                                        

US    : 1,195.0    1,494.0     3,076     3,298     3,342   3,675,250  4,993,300

--------------------------------------------------------------------------------

 

Peanut Stocks

and Processing

 

National Agricultural Statistics Service USDA Washington, D.C.

 

Released October 29, 2008, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture.  For information on "Peanut Stocks and Processing" call Anthony Prillaman at (202) 720-7688, office hours 7:30 a.m. to 4:00 p.m. ET.

Shelled Edible Grade Season to Date Utilization Up 2 Percent from Last Year  

Peanut Stocks in Commercial Storage Totaled 1.04 Billion Pounds

Peanut stocks reported in commercial storage on September 30, 2008 totaled

1.04 billion pounds of equivalent farmer stock, compared with 1.07 billion pounds a year ago.  This total includes 606 million pounds of actual farmer stock.

Shelled peanuts on hand totaled 405 million pounds of farmer stock equivalent.  Roasting stock totaled 31.7 million pounds.

Shelled peanut stocks totaled 304 million pounds of which 274 million pounds were edible grades and 29.9 million pounds were oil stocks.  Edible grade stocks by type included 58.0 million pounds of Virginias and Valencias,

188 million pounds of Runners, and 28.7 million pounds of Spanish.

September millings totaled 161 million pounds.  Millings by type were

17.7 million pounds of Virginias and Valencias, and 143 million pounds of Runners.

Commercial processors utilized 149 million pounds of shelled edible grade peanuts during September.  Utilization by type was 80.6 million pounds for all peanut butter products, 30.9 million pounds for peanut candy, and

35.9 million pounds for snack peanuts.  Crushing for oil and cake and meal totaled 31.4 million pounds during the month.

Deliveries under the Government Domestic Feeding and Child Nutrition Programs amounted to 2.57 million pounds of peanut butter during September.

Stocks of treated seed on hand September 30, 2008 totaled 360,000 pounds, compared with 425,000 pounds on August 31, 2008.  Of the September total, 249,000 pounds were Virginias and Valencias, 92,000 pounds were Runners, and 19,000 pounds were Spanish.  August stocks of treated seed included 335,000 pounds of Virginias and Valencias, 71,000 pounds of Runners, and 19,000 pounds of Spanish.

Stocks estimates refer to September 30, 2008.  All other data are for the month of September.

 

       Table 1.  Stocks of Peanuts and Specified Products at Month's End,      

                              Crop of 2008-2009 1/                             

--------------------------------------------------------------------------------

Farmer Stock Equivalent  

    Month    :  Farmer   :  Shelled  :  Roasting  :-----------------------------

    Ending   :   Stock   :  Peanuts  :   Stock    :   Shelled    :    Total    

             :           :    2/     : (In Shell) :   Peanuts    :      3/     

--------------------------------------------------------------------------------

             :                           1,000 Pounds                          

             :                                                                  

Aug  2008    :  123,790     410,618      48,976       546,122         718,888  

Sep          :       606,434     304,242      31,663       404,642       1,042,739  

Oct          :                                                                  

Nov          :                                                                 

Dec          :                                                                 

             :                                                                  

Jan  2009    :                                                                 

Feb          :                                                                 

Mar          :                                                                  

Apr          :                                                                 

May          :                                                                 

Jun          :                                                                  

Jul          :                                                                 

             :                                                                 

             :                                                                 

Sep  2007    :  431,540     460,141      30,374       611,988       1,073,902  

--------------------------------------------------------------------------------

1/  Excludes stocks on farms.  Includes stocks owned by or held for account of 

    peanut producers and CCC in commercial storage facilities.  Farmer stock on

    net weight basis.                                                          

2/  Includes shelled edible grades, shelled oil stock, and shelled seed        

    (untreated).                                                                     

3/  Actual farmer stock, plus roasting stock, plus shelled peanuts X 1.33.     

 

       Table 2.  Farmer Stock Peanuts, by Type, on Hand at Month's End,     

                             Crop of 2008-2009 1/                           

-----------------------------------------------------------------------------

    Month    :   Virginias   :               :               :                Total    

    Ending   :      and      :      Runners    :    Spanish    :      All     

                  :   Valencias   :                         :               :     Types    

-----------------------------------------------------------------------------

             :                         1,000 Pounds                          

             :                                                              

Aug  2008    :    25,376           98,414              0          123,790   

Sep          :         49,064          557,370              0          606,434   

Oct          :                                                              

Nov          :                                                              

Dec          :                                                              

             :                                                               

Jan  2009    :                                                              

Feb          :                                                              

Mar          :                                                               

Apr          :                                                              

May          :                                                              

Jun          :                                                               

Jul          :                                  

Sept  2007     :    41,430          388,472          1,638          431,540   

-----------------------------------------------------------------------------

1/  Excludes stocks on farms.  Includes stocks owned by or held for account 

    of peanut producers and CCC in commercial storage facilities.  Farmer   

    stock on net weight basis.                                              

 

 

 

September 22, 2008

The first Valencia peanuts have been harvested and yields appear to be off 18% to 24% from normal.  Grades up to this point on meat and color are good.  The first Spanish fields are being dug this week.  Yields will be available in the next report.  The first mature runner and Virginia fields will be dug the end of this week or first of next.  Runner peanuts, in appearance, are expected to yield 15% below normal or more in the southwest. 

The southeast crop harvest is underway as well as the V/C area in earnest.  Yield report are normal to good at this point. 

No contract offers are present in the southwest at this time.  It appears the uncontracted crop will be forced to the loan in both the southwest and southeast.  The Oklahoma crop is much behind in maturity and early cool weather may impact the Spanish crop in maturity and an early frost is possible based on weather trends. 

 

September 13, 2008

The west Texas and New Mexico crop nears harvest.  Valencia peanuts will begin being dug next week following this weekends deluge from tropical storm Lowell.  The crop overall looks good at this time, but early, intense heat, wind, and hail took its toll.  It is likely that harvested yields will be down across the area unless late season moisture has enough time to have an effect with late set pods.  This later possibility is unlikely as most growers in the region dig off calendar date and do not regard 'waiting' as an option due to potential early freezes.

The US runner crop appears to be ample enough to shore up the short supply situation we have been in for two years, supply this years crop, and leave shellers and manufacturers with a comfortable carryover.  In short, it is a buyers market for RUNNERS.  The Spanish market continues to be fitfully short.  The acreage has continued to be constricted by movement of Valencia peanuts into the upper Texas production counties, loss of Spanish acreage in traditional Oklahoma production areas.  This will likely remain a sellers market.  Virginia peanuts remain in a tight position on carryover.  Some increase occurred in North Carolina and Virginia, but not enough on acreage to resupply the market.   West Texas acreage has increased somewhat, but the Virginia type had to fight intensively with Valencia market type for acreage share.  There should be sellers market opportunity here.  Valencia peanuts remain in a contract supply situation which occurs at plant.  Organic production has increased the last few years until this year as contract prices shrunk differentials between conventional and organic production.  Market opportunity growth in organic production across all crop types has not been met falling short of a yearly organic sales growth of 19% to 21%.

USDA, Argentine, and other Supply Demand reports follow:

      Peanuts:  Area Planted, Harvested, Yield and Production by State and        
            United States, 2006-2007 and Forecasted September 1, 2008             
--------------------------------------------------------------------------------    
        :           Area  Planted           :          Area Harvested                 
  State :-----------------------------------------------------------------------    
        :   2006    :   2007    :  2008 1/  :   2006    :   2007    :   2008        
--------------------------------------------------------------------------------    
        :                              1,000 Acres                                      
        :                                                                               
AL      :    165.0       160.0       195.0       163.0       157.0       191.0      
FL      :    130.0       130.0       145.0       120.0       119.0       133.0      
GA      :    580.0       530.0       695.0       575.0       520.0       685.0      
MS      :     17.0        19.0        22.0        16.0        18.0        21.0      
NM      :     12.0        10.0         8.0        12.0        10.0         8.0        
NC      :     85.0        92.0        99.0        84.0        90.0        98.0      
OK      :     23.0        18.0        19.0        22.0        17.0        18.0      
SC      :     59.0        59.0        71.0        56.0        56.0        67.0      
TX      :    155.0       190.0       255.0       145.0       187.0       250.0      
VA      :     17.0        22.0        24.0        17.0        21.0        23.0      
        :                                                                               
US      :  1,243.0     1,230.0     1,533.0     1,210.0     1,195.0     1,494.0    
--------------------------------------------------------------------------------    
                                                                                        
--------------------------------------------------------------------------------    
          :                Yield                 :          Production                
   State  :---------------------------------------------------------------------    
          :        :         :       2008        :          :         :                 
          :  2006  :  2007   :-------------------:   2006   :  2007   :  2008       
          :        :         :  Aug 1  :  Sep 1  :          :         :                 
--------------------------------------------------------------------------------    
          : -------------- Pounds -------------   -------- 1,000 Pounds --------    
          :                                                                             
AL        : 2,500     2,600     2,700     3,000     407,500    408,200   573,000  
FL        : 2,500     2,700     3,200     3,100     300,000    321,300   412,300  
GA        : 2,780     3,150     3,100     3,150   1,598,500  1,638,000 2,157,750  
MS        : 2,900     3,300     3,200     3,300      46,400     59,400    69,300  
NM        : 3,600     3,500     3,500     3,500      43,200     35,000    28,000  
NC        : 3,200     2,800     2,900     2,900     268,800    252,000   284,200  
OK        : 2,850     3,400     2,800     3,800      62,700     57,800    68,400  
SC        : 3,000     3,100     3,200     3,400     168,000    173,600   227,800  
TX        : 3,550     3,950     3,800     3,500     514,750    738,650   875,000  
VA        : 3,200     2,700     2,900     2,900      54,400     56,700    66,700  
          :                                                                             
US        : 2,863     3,130     3,151     3,188   3,464,250  3,740,650 4,762,450  
--------------------------------------------------------------------------------    
1/  Updated from "Acreage" released June 30, 2008.                                

 

Peanut Stocks and Processing

 National Agricultural Statistics Service USDA Washington, D.C.

 Released August 28, 2008, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture.  For information on "Peanut Stocks and Processing" call Anthony Prillaman at (202) 720-7688, office hours 7:30 a.m. to 4:00 p.m. ET.

 Shelled Edible Grade Season to Date Utilization Down 1 Percent from a Year Ago Peanut Stocks in Commercial Storage Totaled 1.03 Billion Pounds

 Peanut stocks reported in commercial storage on July 31, 2008 totaled

1.03 billion pounds of equivalent farmer stock, compared with 1.52 billion pounds a year ago.  This total includes 347 million pounds of actual farmer stock.

 Shelled peanuts on hand totaled 627 million pounds of farmer stock equivalent.  Roasting stock totaled 57.8 million pounds.

 Shelled peanut stocks totaled 471 million pounds of which 432 million pounds were edible grades and 39.5 million pounds were oil stocks.  Edible grade stocks by type included 77.0 million pounds of Virginias and Valencias,

321 million pounds of Runners, and 33.2 million pounds of Spanish.

 July millings totaled 257 million pounds.  Millings by type were 39.3 million pounds of Virginias and Valencias, 212 million pounds of Runners, and

5.42 million pounds of Spanish.

 Commercial processors utilized 158 million pounds of shelled edible grade peanuts during July.  Utilization by type was 96.8 million pounds for all peanut butter products, 29.5 million pounds for peanut candy, and

30.6 million pounds for snack peanuts.  Crushing for oil and cake and meal totaled 29.4 million pounds during the month.

 Deliveries under the Government Domestic Feeding and Child Nutrition Programs amounted to 4.12 million pounds of peanut butter during July.

 Stocks of treated seed on hand July 31, 2008 totaled 534,000 pounds, compared with 669,000 pounds on June 30, 2008.  Of the July total, 415,000 pounds were Virginias and Valencias, 98,000 pounds were Runners, and 21,000 pounds were Spanish.  June stocks of treated seed included 326,000 pounds of Virginias and Valencias, 254,000 pounds of Runners, and 89,000 pounds of Spanish.

 

Stocks estimates refer to July 31, 2008.  All other data are for the month of July.
                   
       Table 1.  Stocks of Peanuts and Specified Products at Month's End,         
                              Crop of 2007-2008 1/                                    
--------------------------------------------------------------------------------    
             :           :           :            :   Farmer Stock Equivalent         
    Month    :  Farmer   :  Shelled  :  Roasting  :-----------------------------    
    Ending   :   Stock   :  Peanuts  :   Stock    :   Shelled    :    Total         
             :           :    2/     : (In Shell) :   Peanuts    :      3/            
--------------------------------------------------------------------------------    
             :                           1,000 Pounds                                   
             :                                                                          
Aug  2007    :   446,608    519,805      35,609       691,341       1,173,558