PEANUT MARKETING NEWS – October 22, 2020 – Tyron Spearman, Editor (145)

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. 20, 2020 Date – 10-20, 2020 Farmer stock tons Date – 10-10-2020
$424.55 per ton/Runners Shelled Runners 2018 Crop 2019 Crop Runners - $.197- $412 t
$415.57 per ton/Spanish Current Crop and Date 10-22-2019 10-21-2020 Spanish - $.567 -$1134 t
New Crop - $.50- $.55 lb.
$428.74 per ton/Valencia Harvest underway!!! Loans 2,339,947 2,341,062 Virginia - $.226 - $452 t
$428.74 per ton/Virginia 10-22-19Jum $.45,Med 45, $.44 Redeemed 2,237,229 2,294,380 Average - $.209- $418 t
Same as last week 10-23-18 Jum $.48 Med, $.47 In Loan 102,718 46,682 Runners 197,512,000 #
Splits $.46 Estimate 2,730,800(F) 2,733,243 t Virginia – 5,906,000 #
Inspected 2,744,494 t 2,754,165 t Spanish – 1,339,000 #
2019 Crop USDA Estimate- 1,389,700 acres harvested X 3,934 lbs. ac = 2,733,243 tons TOTAL – 204,757,000 #
NEW -2020 Crop USDA Estimate (Oct)– 1,623,200 acres harvested X 4,125 lbs. ac = 3,347,810 tons UP $.6 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 22,467 21,798 561 46,682
UPDATE FROM ARGENTINA - The condition of EXTREME DROUGHT that has prevailed for months in the entire central
region of Argentina. In general - the entire peanut sector of Argentina - is waiting for more general and abundant rainfall, to start or
continue planting in a more vertiginous way, since the most convenient period to carry out this task is going by. One official
reports the area had some scattered showers this week and some chance of additional showers the weekend. Some areas remain
dry without any rains while others got 1 inch helps to start planting.
AMERICAN PEANUT COUNCIL WINTER CONFERENCE - Registration is now open for the 2020 APC Virtual Winter
Conference to be held December 9-10,2020. The registration rate is $50. Don't miss this excellent opportunity to get up to date on
the latest news and information in the peanut industry!
The Peanut Research Foundation Project Review is scheduled for December 7th. There is no fee for attending the project
review, but you must register on the Peanut Research Foundation website, so we may send you the meeting link when it becomes
available. If you are only attending the project review, it is not necessary to register for the Winter Conference.
PEANUT STANDARDS BOARD ANNOUNCED - USDA on Thursday announced the appointment of three producers and three
industry representatives to serve on the Peanut Standards Board.
The following will serve the remainder of the three-year terms beginning immediately and ending June 30, 2023:
Southeast Region (Alabama, Georgia and Florida)
Martin L. McLendon, Georgia (Producer)
Elizabeth Kaye Smith, Georgia (Industry representative)
Southwest Region (Texas, Oklahoma and New Mexico)
Leslie D. Crall, Oklahoma (Producer)
John Edward Bennett, Texas (Industry representative)
Virginia/Carolina Region
Rachael Elizabeth Sharp, South Carolina (Producer)
Michael Dennis Jackson, North Carolina (Industry representative)
The 18-member board was authorized under the Farm Security and Rural Investment Act of 2002. One-third of the board members
are appointed each year. More information about the Peanut Standards Board and USDA’s partnership with the peanut industry is
available on the Agricultural Marketing Service (AMS) Peanut Standards Board webpage or by contacting the AMS Marketing
Order and Agreement Division at (863) 324-3375.
2020 CROP UPDATE – Georgia FSIS provides the report as a service to the industry as reported by buying points (% Oct Est)
TOTALS/date COMM. STR Loan RCT Loan Seg. 2's Seg 3's TOTAL % Oct. Est.
10/22/2020 290,484 673,494 345,573 6,819 518 1,309,552 39.1%
10/23/2019 76,082 559,396 179,854 896 4,014 815,332 29.8%
10/23/2018 122,312 915,172 378,115 1,415 625 1,415,600 51.8%