PEANUT MARKETING NEWS – May 21, 2020 – Tyron Spearman, Editor (62)

NATIONAL POSTED PRICE SHELLED MKT PRICE MARKET LOAN WEEKLY PRICES
from USDA each Tuesday at 3 PM, USDA - 9 - Mo. loan Average prices (USDA)
Good til Next day at 12:01 am EST. insp. = Inspected Marketing by type
Week- May 19, 2020 Date – May 20, 2020 Farmer stock tons Date – 5-9-2020
$424.13 per ton/Runners Shelled Runners/ 2018 Crop 2019 Crop Runners - $.203- $406 t
$416.70 per ton/Spanish USDA Neg/Afla- Jum - $.85+, Date 5-20-2019 5-20-2020 Spanish - $.297 - $594 t
Blanched Whole $.85-90.
$430.94 per ton/Valencia Raw whole - +/Thin trading Loans 2,339,940 2,339,940 Virginia - $.252 - $504 t
$430.94 per ton/Virginia 5-20-19 Jum $.46,Med. $.45 Redeemed 1.030,972 1,276,192 Average - $.217- $434 t
Same as last week 5-20-18 Jum $.49 Med $.48 In Loan 1,308,968 1,064,798 Runners – 70,929,000 #
Splits $.47 Estimate 2,730,800(F) 2,748,043 Virginia – 3,047,000 #
(2-28-2020) 2,744,494 t 2,752,280 t Spanish – 11,144,000 #
2019 Crop USDA Estimate- 1,391,700 acres harvested X 3,949 lbs. ac = 2,748,043 tons TOTAL – 85,102,000 #
2020 Crop USDA Estimate – 1,468,000 acres harvested X 4,000 lbs. ac = 2,936,000 tons UP 1.5 cts/lb
2020 Farmer Stock Contracts – Runners(SE) - $400 per ton, $425 per ton, High Oleic - $450 per ton
Prices Jul 2019 Aug 2019 Sept 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Projected
Received by $.206 $.205 $.198 $.204 $.192 $.196 $.209 $.205 $.206 PLC-.0625
Farmers $412 ton $410 ton $396 ton $408 ton $384 ton $392 ton $418 ton $410 ton $412 ton $127 ton
CORONAVIRUS FOOD ASSISTANCE PROGRAM - U.S. Secretary of Agriculture Sonny Perdue has announced details of the
Coronavirus Food Assistance Program (CFAP), which will provide up to $16 billion in direct payments to deliver relief to America’s
farmers and ranchers impacted by the coronavirus pandemic. In addition to this direct support to farmers and ranchers,
USDA’s Farmers to Families Food Box program is partnering with regional and local distributors, whose workforces have been
significantly impacted by the closure of many restaurants, hotels, and other food service entities, to purchase $3 billion in fresh
produce, dairy, and meat and deliver boxes to Americans in need.
CFAP provides vital financial assistance to producers of agricultural commodities who have suffered a five-percent-or-
greater price decline due to COVID-19 and face additional significant marketing costs as a result of lower demand, surplus
production, and disruptions to shipping patterns and the orderly marketing of commodities. Officials said that peanuts have not
suffered a 5% decline in price due to the virus, so no payment to peanut producers.
ALABAMA PEANUT REFERENDUM VOTE RESET - Due to the COVID-19 pandemic, the Alabama Peanut Producers
Association had to delay the 2020 Alabama Peanut Referendum votee will now hold the vote on July 23, 2020. All persons engaged
in the production of peanuts for the years 2017, 2018 or 2019 shall be eligible to vote. The Alabama Peanut Producers Association
(APPA) has been certified by the Alabama Board of Agriculture and Industries as the authorized association to conduct a referendum
among the peanut producers in the State of Alabama to determine whether or not an assessment shall be collected on all peanuts
marketed in Alabama.
The polling locations in each county that produces or processes peanuts have been secured. In the event the referendum is
carried by a majority of those voting, the current assessment will continue to be collected upon an order of the Commissioner of
Agriculture and Industries to all persons, firms and corporations engaged in the business of purchasing peanuts in this state by
deducting from the purchase price of peanuts at the rate of twelve and one-half cents ($.125) per one hundred pounds of peanuts
sold. Contact Jacob Davis, APPA Executive Director, at 334-792-6482 or email: jdavis@alpeanuts.com for info.
FARMERS DONATE PB TO FOOD BANK - South Carolina peanut farmers are donating 8,640 jars of peanut butter to Harvest
Hope Food Bank. The six pallets of peanut butter were made by Peanut Proud, a charitable organization sponsored by the peanut
industry, and purchased by the South Carolina Peanut Board. Delivery was this week with lots of news coverage.
Nutritious and shelf stable, peanut butter is one of the most frequently requested items at food banks. “South Carolina’s
peanut farmers are helping their neighbors during the COVID-19 outbreak with this generous donation,” said Marianne Copelan,
marketing specialist with the South Carolina Peanut Board. “Many families are seeking out this tasty, healthy, nonperishable food
during this difficult time, and manufacturers are producing ample amounts of peanut butter to meet high consumer demand.”
Peanuts are one of South Carolina’s most important crops. South Carolina peanut farmers planted 65,000 acres of peanuts
that produced 247 million pounds last year. There are more than 475 peanut farms in South Carolina, many of them in the Midlands.