PEANUT MARKETING NEWS –September 15, 2021 – Tyron Spearman, Editor (118)

2021 CROP PRODUCTION SUMMARY –

PEANUTS - Forecast is a production of 6.35 billion pounds (3,174,075 tons) up 3 percent from 2020. Planted area, at 1.58
million acres is down 5 percent from the 2020 planted area. Area harvested is expected to total 1.53 million acres, down 5%.
Average yield is estimated at 4,141 pounds per acre, up 345 pounds per acre from 2020. Record high yields are forecasted in
Alabama and South Carolina.
CORN - At 15.0 billion bushels, 2021 corn production for grain is forecast to be the second highest production on record for
the United States. The forecasted yield, at 176.3 bushels per acre, is up 3 percent from last year’s final estimate of 172.0 bushels per
acre. If realized, this would be the third highest yield on record for the United States. Total planted area, at 93.3 million acres, is up 3
percent from the previous year.
COTTON - All cotton production is forecast at 18.5 million 480-pound bales, up 27 percent from 2020. Yields are expected
to average 895 pounds per harvested acre, up 48 pounds from 2020. All cotton planted area totaled 11.2 million acres, down 7 percent
from 2020. All cotton area harvested is forecast at 9.92 million acres, up 20 percent from 2020.
SOYBEANS - Soybean production for beans is forecast at 4.37 billion bushels, up 6 percent from 2020. Yields are expected
to average 50.6 bushels per harvested acre, up 0.4 bushel from 2020. Total planted area, at 87.2 million acres up 5 percent from the
previous year. Area harvested for beans in the United States is forecast at 86.4 million acres, up 5 percent from 2020.

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- Sept 14, 2021 Date – 9-14, 2021 Farmer stock tons Date – 9-6-2021
$424.89 per ton/Runners Shelled Runners 2019-20 Crop 2020-21 Crop Runners - $.216- $432 t
$413.05 per ton/Spanish 2020 Crop - $.53- $.55 lb. Date 9-15-2020 9-14-2021 Spanish – none
$427.70 per ton/Valencia 9-17-20 Neg/afla JUM-$.70/.75 Loans 2,341,062 2,435,355 Virginias - none
$427.70 per ton/Virginia New Crop – $.50 /$.55 lb. Redeemed 2,188,845 2,175,964 Average - $.216 - $432 t
Same as last week 9-17-19 Jum $.45 Med, $.45 In Loan 152,217 259,391 Runners –82,407,000
Splits $.44 Estimate 2,748,043 t 3,067,168 t Spanish – none
7-08-2021 (2020 crop) Inspected 2,752,280 t 3,108,567 t Virginias – none
2021 USDA Peanut Acreage Estimate – 1,533,000 ac. harvested TOTAL –82,407,000 #
Average estimated yield – 4,141 lbs. ac. Production estimate 3,174,075 tons, up 3.0 % UP- $01. ct/lb
2021 Farmer Stock Contracts – $500 per ton /$475 per ton, plus $25 per ton premium on seed and/or High Oleic(HO)
VC – Virginias – Some $500/$520 per ton, + $25 per ton for irrigated, Runners -$475 per ton + $25 for HO/irrigation.
Prices Received by Nov 2020 Dec 2020 Jan.2021 Feb.2021 Mar. 2021 Apr. 2021 May 2021 Jun 2021 Jul 2021 PLC Pmt
Farmers (PLC $.212 $.204 $.205 $.205 $.212 $.214 $.213 $.213 $.216 $.215/$430
2019 Program) $424 ton $408 ton $410 ton $410 ton $424 ton $428 ton $426 ton $426 ton $432 ton $105/85%

WORLD PEANUT MEETING GENERAL REVIEW - The event was international and had the institutional endorsement of the
American Peanut Council (USA), the European Snack Association (EU), the CFNA (China), IOPEPC(India) and the Camara Setorial
do Amendoim (Brazil), the main international entities of the sector. It was also supported on the national level.
The main concerns of the sector were the MARITIME CRISIS and the LACK OF CONTAINERS; The prices of
alternative cultivars were also analyzed and the higher agricultural costs are a challenge for the peanut cultivar worldwide. The sector
also addressed issues related to the year 2021, as MOST CLIENTS ARE TRYING TO CLARIFY WHETHER DEMAND WILL
STABILIZE AFTER THE SURPRISE INCREASE IN 2020.
Finally, the BIRD FOOD MARKET is going through a complex situation, due to the challenging supply and the good
demand generated by the greater permanence of people in their homes.
Ivana Cavigliasso, president of CAM, stated, “We believe that the conversation between all the players in the world peanut
chain brings great benefits to the market, contributing to its transparency. This is a strategic initiative for our industrial and agricultural
sector. It reflects the innovative spirit and high quality that distinguish the actors of our regional economy. It implies a great effort and
joint work of the sector with a long-term vision to reinforce our leadership position”.