PEANUT MARKETING NEWS – October 15, 2020 – Tyron Spearman, Editor (142)

NATIONAL POSTED PRICE SHELLED MKT PRICE MARKET LOAN WEEKLY PRICES
from USDA each Tuesday at 3 PM, USDA - 9 - Mo. loan ( Average prices
Good til Next day at 12:01 am EST. insp. = Inspected Marketing by type
Week- Oct. 13, 2020 Date – 10-13, 2020 Farmer stock tons Date – 10-3-2020
$424.55 per ton/Runners Shelled Runners 2018 Crop 2019 Crop Runners - $.197- $394 t
$415.57 per ton/Spanish Current Crop and Date 10-10-2019 10-14-2020 Spanish - $.246 -$492 t
New Crop - $.50- $.55 lb.
$428.74 per ton/Valencia Harvest underway!!! Loans 2,339,947 2,341,062 Virginia - $.252 - $502 t
$428.74 per ton/Virginia 10-14-19Jum $.45,Med 45, $.44 Redeemed 2,215,928 2,291,493 Average - $203- $406 t
Same as last week 10-14-18 Jum $.48 Med, $.47 In Loan 124,019 49,569 Runners 109,738,000 #
Splits $.46 Estimate 2,730,800(F) 2,733,243 t Virginia – 7,188,000 #
Inspected 2,744,494 t 2,754,165 t Spanish – 5,217,000 #
2019 Crop USDA Estimate- 1,389,700 acres harvested X 3,934 lbs. ac = 2,733,243 tons TOTAL – 122,143,000 #
NEW -2020 Crop USDA Estimate (Oct)– 1,623,200 acres harvested X 4,125 lbs. ac = 3,347,810 tons DOWN 1 ct/lb
2020 Farmer Stock Contracts – Runners(SE) - $400 per ton, High Oleic + $25 per ton (+$25 to Seed Growers)
2019 Loan September October November December January February TOTAL LOAN
MATURITY 0 119 1,734 23,680 23,473 561 49,569
CCC TO SELL PEANUTS – CCC is inviting offers to purchase 41,000 lbs. of Virginia Type peanuts. These CCC owned peanuts
were forfeited by Cox Processing LLC of Clarkston, NC from 2019 crop. CCC does not guarantee equality, as warehouse
operators are obliged to deliver the total USDA calculated loan value. CCC will not pay load-out charges. Offers must be
received by 12 PM CST on October 20, 2020. For into contact tyronedavis@usda.gov or 816-926-3816.
SIGN UP FOR PLC OR ARC FOR 2020-2021 - Agricultural producers can now make elections and enroll in the Agriculture Risk
Coverage (ARC) and Price Loss Coverage (PLC) programs for the 2021 crop year. The signup period opened Tuesday, Oct.
13. These key U.S. Department of Agriculture (USDA) safety-net programs help producers weather fluctuations in either revenue
or price for certain crops, and more than $5 billion in payments are in the process of going out to producers who signed up for
the 2019 crop year.
PEANUT SUPPLY & DISAPPEARANCE– Source: Crop Production and Peanut Stocks and Processing, NASS, USDA, Census Bureau
and U.S. Department of Commerce –October 14, 2020. (OIL CROPS OUTLOOK) – Million pounds,
Acres (1,000) Yield Supply Disappearance
Yr. Beg Planted Harvest Lbs/ac Begin Imports Prod. Total Dom. Crush Seed & Exports TOTAL Ending
Aug. 1 Stocks Food Residual Stocks
2018/19 1,426 1,374 4,001 2,717 117 5,496 8,330 3,099 648 962 1,200 5,909 2,421
2019/20 1,433 1,390 3,934 2,421 114 5,466 8,001 3,212 774 290 1,608 5,883 2,118
2020/21 1,665 1,623 4,125 2,118 115 6,696 9,026 3,288 850 1015 1.600 6,753 2,176
Divide by 2,000 to get exact farmer stock numbers. 2018/19 is Estimated, 2019/20 & 2020/21 are forecast
USDA EXPLANATION
U.S. peanut production may swell in 2020/21 by 1.2 billion pounds (22 percent) to 6.7 billion pounds (3,348,000 tons) based on
higher sown acreage and yields. The expected U.S. average peanut yield for 2020/21 of 4,125 pounds per acre ranks second only
to the record 4,211 pounds in 2012/13. A higher forecast supply is related primarily to improved weather conditions in the
Southeastern United States with the greatest gains in Georgia, Alabama, and Florida. These States saw good precipitation and
cooler weather during the summer. Although forecast peanut demand is up 870 million pounds to 6.75 billion pounds from the
previous marketing year, prices are forecast 1 percent lower in 2020/21 due to substantial increases in forecast production.
PEANUT INSTITUTE RELEASES ANNUAL REPORT – The Peanut Institute has issued an Annual Report listing the Honor
Roll of Investors whose funding has served as a vehicle for the industry to invest in nutrition research. One hundred percent of
the investment will go into nutrition research, which is approved by an industry-wide Foundation Board of Directors. Since 1996,
the American Peanut Shellers Association has invested over $25 million in peanut research, the industry has added $7.78 million.
The messaging this year as centered around “Peanuts…a Superfood for a Healthier World.” As Ali Hill, Trustees
Chairman said, “This year ushered in a global pandemic, and we at the Peanut Institute have been busy promoting the benefits of
peanuts and peanut butter in new and engaging ways. Our research continues to grow strong despite the global challenges.” For a
copy of the report, call 229-888-0216. Get your name on the Honor Roll of Investors for 2021.