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PEANUT MARKETING NEWS – February 22, 2021 – Tyron Spearman, Editor (22)
AG COMMITTEE HEARING CHANGED – - PLEASE NOTE NEW DATE AND TIME -Thursday, February 25,
2021—12:30 PM- Hybrid Hearing – 1300 Longworth and via Cisco Webex, Washington, D.C. ,Full Committee on
Agriculture Hearing “Climate Change and the U.S. Agriculture and Forestry Sectors” The livestream of the hearing can
be viewed here.
This could give farmers information on the plans by the new administration.
FROM GEORGIA CROP IMPROVEMENT ASSOCIATION - GCIA will not be conducting the Small Grain,
Soybean & Grass Seed Short Course nor the Peanut Seed Short Course this year. While we certainly enjoy seeing
everyone at these events, we feel this decision is in the best interest of our members and staff. As a result of this decision,
all GCIA authorized representatives will be extended for one year.
CCC PEANUTS FOR SALE - The Commodity Credit Corporation (CCC) invites offers to purchase Peanuts in-store for
unrestricted use in accordance with the terms and conditions of Invitation No. 22 - Peanuts. CCC-owned peanuts will be
sold and released using the factors shown on the warehouse receipt(s). Although CCC does not guarantee the quality of
peanuts that will be loaded out, warehouse operators are obligated to deliver the total USDA calculated loan value of
peanuts. CCC will not pay the loadout charges. NO.22 list includes 7.19 tons of runner type peanuts from Birdsong
CORP in Blakely, GA. For info, Tyrone.Davis@usda.gov or call 816-926-3816. Deadline to bid is 12 N, Feb. 25.
AG OUTLOOK FORUM- Sponsored by USDA, the economist predicted that soybean acres are pegged at 90 million
acres, up 6.9 million acres from 2020 planted acres, or about a 7.6% bump in acres. Corn acres will uptick slightly to 92
million acres, up 1.2 million acres from last year, about a 1.3% bump in acreage. Cotton planted acres are pegged to
remain steady at 12 million.
Looking at prices, USDA is forecasting the 2021-22 crop prices at $11.25 a bushel for soybeans, $4.20 a bushel
for corn and $5.50 a bushel for wheat. Still, net cash farm income is expected to decline because of lower farm-safety
payments in 2021 than producers saw in 2020 due to COVID-19. Regarding trade, USDA is forecasting a boost in sales
to China, reaching a record $31 billion for fiscal year 2021. Trade overall for FY 2021 will reach $157 billion, an
increase in $21 billion from FY 2020. No mention of peanuts at this FORUM.
IS IT JIF OR GIF?? - Jif is releasing a limited-edition jar of GIF peanut butter in a collaboration meant to be as
smooth as the product itself. The purpose is to "settle the great debate" over how to pronounce the looping image format
that has overtaken in the internet, J.M. Smucker Company (SJM), the brand's manufacturer, said in a press release this
week.
Although Jif is obviously pronounced with a "soft G," people often mispronounce the word "GIF," which is short
for Graphics Interchange Format. It's said with a "soft G like the peanut butter and not a "hard G." That's according to
creator Steve Wilhite, who made the declaration in 2013 while accepting a Webby Award.
Regardless of the official ruling, the internet has remained divided. Jif is partnering with GIPHY, a GIF search
engine, to "put a lid on this decade-long debate": Both GIF and the peanut butter are pronounced "Jif."
The limited-edition jars are on sale for $10 on Amazon, just in time to celebrate National Peanut Butter
Lover's Day on March 1. (The typical price of the same-sized jar for regular peanut butter costs roughly half of that.)
Smucker's is the latest brand to tap into the power of the internet for viral fame.
NATIONAL PEANUT BOARD REMINDS INDUSTRY WHY DIETARY GUIDELINES SO IMPORTANT – The
National Peanut Board is emphasizing Peanut Nutrition this year and note the reasons the new 2020-2025 Dietary
Guidelines for Americans (DGAs) were so favorable to the peanut family.
• For the first time ever, the DGAs have included nutrition guidance for infants and children 0-24 months and
for pregnant and breastfeeding women.
• Highlighting these groups includes the early introduction of peanut foods and eating peanuts during
pregnancy and breastfeeding.
• The guidance for introducing peanut foods is more inclusive to all babies, stating “Introducing peanut-
containing foods in the first year reduces the risk that an infant will develop a food allergy to peanuts.”
• Pregnant and lactating women are encouraged to eat a diverse diet and not to eliminate potentially allergenic
foods as a way to prevent food allergies in their child.