PEANUT MARKETING NEWS – February 2, 2021 – Tyron Spearman, Editor (14)

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- Feb 2, 2021 Date – 2-2 - 2021 Farmer stock tons Date – 01-23-2021
$424.55 per ton/Runners Shelled Runners 2019-20 2020-21 Crop Runners - $.201- $402 t
Crop
$415.57 per ton/Spanish 2020 Crop - $.50- $.55 lb. Date 2-11-2020 2-2-2021 Spanish – NONE
$428.74 per ton/Valencia 2-5-20 Jum$.58,Med.57, $.57 Loans 2,340,498 2,424,184 Virginias - $.221- $442
$428.74 per ton/Virginia No sellers Redeemed 342,975 443,552 Average - $.203- $406 t
Same as last week 2-5-19 Jum $.45 Med, $.45 In Loan 1,997,523 1,980,632 Runners – 110,380,000
pending Splits $.43 Estimate 2,748,043 t 3,066,950 t Virginia – 11,135,000 #
Jan 29, 2021 (2020 crop) Inspected 2,750,049 t 3,070,640 t Spanish – None
2019 Crop USDA Estimate- 1,389,700 acres harvested X 3,934 lbs. ac = 2,733,243 tons TOTAL –111,515,000 #
2020 Crop USDA Estimate (Final)- 1,615,000 acres harvested X 3,796 lbs. ac = 3,066,950 tons DOWN $0.7 ct/lb
2020 Farmer Stock Contracts – Runners (SE) - 2021 Crop - $475 per ton, some bonus on seed and High Oleic
2019 Loan September October November December January February TOTAL LOAN Forfeits
MATURITY 0 0 0 0 7 0 7 60 tons
Prices Received by Jul 2020 Aug 2020 Sept 2020 Oct 2020 Nov 2020 Dec 2020 Projected PLC
Farmers (PLC $.207 $.205 $.205 $.209 $.212 $.204 Payment $.0575
2019 Program) $414 ton $410 ton $410 ton $418 ton $424 ton $408 ton $115 per ton
PEANUT STOCKS AND PROCESSING REPORT– USDA’s Peanut Stocks and Processing Report was released January 27,
2021 for the month of December 2020, the 5th month of the marketing year.
Peanut stocks in commercial storage as of December 31, 2020 totaled 4.37 billion pounds equivalent farmer stock,
compared to 4.61 billion pounds last year, DOWN 5.0%. Total includes 3.71 billion pounds of actual farmer stock (-3.9%).
Shelled peanuts on hand farmer stock equivalent totaled 632 million pounds, down 11.9%. Roasted stocks were 28.0
million pounds, same as last year.
Total shelled peanut stocks showed 475 million pounds, DOWN 11.9% with edible grades totaling 453 million
pounds, down 11.9%. Oil stocks totaled 22.9 million pounds, DOWN 8.0% from one year ago.
Edible stocks of shelled peanuts by type, Virginia & Valencia stocks are at 62.7 million pounds, 28% less than last
year. Runners were 352 million pounds, down 8.3% and Spanish totaled 37.6 million lbs, DOWN 11.1% from last year.
In December, shellers milled 376 million pounds, 26.6% MORE than December last year.
Commercial processors used 195 million pounds of shelled edible peanuts, 8.3% MORE than last December.
Government purchases for Nutrition Programs were DOWN 79% in Dec. vs Dec. last year. For the 5-month period,
government purchases are down 66% as many processors did not submit a bid for product production.
Month (1000 #) Peanut candy Snack peanuts Peanut butter Total edibles In-shell P'nuts
Aug/Dec 2020 195,786 213,645 601,175 1,042,142 58,783
Aug/Dec2019 149,132 199,749 573,963 967,044 57,636
UP + 31.3% UP + 7.0% UP + 4.7 % UP + 7.8 % UP + 2.0 %
Dec 20 vs Dec 19 UP + 29.5% UP + 14.9% UP + 3.8% UP + 8.6% UP + 8.6%
December showed peanut usage continuing to rise. Shelled edible grade, season to date utilization, was UP almost 7.8%
percent from last year. Peanut stocks in commercial storage totaled 4.37 million lbs., down 5 percent. Peanuts used in
candy continued at a record pace, up 31%, peanut snack usage was UP 7.0% percent and even peanut butter showed a 4.7
percent increase and a 3.8% increase for the month. Government purchases are down 68% for the month and down 70%
for the year as processors do not have ample time for peanut butter or roasted peanut production. Utilization is up 8%.
NEWS TIDBITS
❖ Congressman Barry Moore (R-AL) will serve on the House Agriculture Committee for the 117th Congress!
❖ We are saddened to report the death of Larry Gene Shedd, 73 of Doerun, Georgia. Larry died January 17 at his home.
Several peanut industry members wanted us to mention him, his family and his 43 years of service as a Peanut
Administrative Committee inspector. For info see www.banksfh.com.