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PEANUT MARKETING NEWS – December 4, 2019 – Tyron Spearman, Editor (155)

NEWS FLASH - An oilstock warehouse at Premium Peanut in Douglas, GA caught fire overnight. On-site personnel and the
local fire departments responded quickly, containing the fire to one warehouse. No one has been hurt, and no damage to the
oil mill was sustained. Shelling operations are not impacted. Officials said, “Thanks to everyone in this great industry for
your support.”
NATIONAL POSTED PRICE SHELLED MKT PRICE MARKET LOAN WEEKLY PRICES
from USDA each Tuesday at 3 PM, USDA - 9 - Mo. loan Average prices (USDA)
Good til Next day at 12:01 am EST. insp. = Inspected Marketing by type
Week- Dec. 3, 2019 Date – Dec. 4, 2019 Farmer stock tons Date – 11-23-2019
$424.13 per ton/Runners Shelled Runners/ 2017 Crop 2018 Crop Runners - $.180- $360 t
$416.70 per ton/Spanish USDA Neg/Afla- Jum - $.55, Date 12-4--2018 12-4-2019 Spanish - $.184 - $368 T
Med- $.54, Splits - $.53 lb.
$430.94 per ton/Valencia If specs tighter, higher price
Loans 2,735,144 2,339,947 Virginia – $.230- $460 T
$430.94 per ton/Virginia 12-4-18 Jum $.45,Med. $.44 Redeemed 2,734,610 2,337,259 Average - $.181- $362 t
Same as last week 12-1-17 Jum $.48 Med $.47 In Loan 534 2,025 Runners – 47,437,000 #
12-1-16 Jum. 59, Med. $.58 Estimate 3,616,800 2,730,800(F) Virginia – 1,552,000 #
Final inspec 3,537,849 2,744,494 t Spanish – 132,000 #
2019 U.S. Peanut Planted Acreage (Nov) Estimate – 1,383,000 acres - 1% increase over 2018 TOTAL – 49,122,000 #
2019 Crop USDA Estimate- 1,383,000 acres harvested X 4,080 lbs. ac = 2,821,350 tons UP 0.2 c/lb

Prices Received by Jul 2019 Aug 2019 Oct 2018 Sept 2019 Oct 2019
Farmers $.206 $.205 $.218 $.198 $.204
$412 ton $410 ton $436 ton $396 ton $408 ton
2018 Loan July – 4,559 Aug - 37,418 Sept 37,838 Oct 4,736 November December TOTAL LOAN FORFEITS
MATURITY Forfeits Forfeits Forfeits/168 Forfeits 647/17 2,025 2,025 84,719 t

PEANUT STOCKS AND PROCESSING REPORT– USDA’s Peanut Stocks and Processing Report was released November 27,
2019 for the month of October 2019, the 3rd month of the marketing year.
Peanut stocks in commercial storage as of October 31, 2019 totaled 4.11 billion pounds equivalent farmer stock, compared
to 4.20 billion pounds last year, DOWN 2.1%. This total includes 3.35 billion pounds of actual farmer stock, down 2.1%.
Shelled peanuts on hand farmer stock equivalent totaled 725 million pounds, DOWN 0.8%. Roasted stocks were 31.5 million
pounds, DOWN 35.7%.
Total shelled peanut stocks showed 545 million pounds, DOWN only 0.7%.
Edible stocks of shelled peanuts by type, Virginia & Valencia stocks are at 106 million pounds, 51.9% more than last year.
runners were 374 million pounds, DOWN 8.6% and Spanish totaled 42.7 million lbs, DOWN 10.7% from last year.
In October, shellers milled 408 million pounds, UP 8.8% from September of last year.
Commercial processors used 209 million pounds of shelled edible peanuts, 4.5% MORE than last October.
Government purchases for Nutrition Programs in October totaled 1,894,065 million lbs of peanut butter & roasted
peanuts, UP 56%. For the first three months, government purchases are up 60.3% to 10,335,285 lbs. compared to last year.
Month(1000 #) Peanut candy Snack peanuts Peanut butter Total edibles In-shell P'nuts
Aug – Oct 2019 92,146 121,934 362,810 606,942 35,670
Aug – Oct 2018 97,979 118,491 343,453 590,358 34,159
DOWN – 5.9% UP + 2.9% UP + 5.6% UP + 2.8% UP 4.4%
Oct.18 vs Oct 19 -5.8% + 4.0% +8.9% + 4.3% - 6.2%
October was another great month for peanut usage. Total edibles were up 2.8% after a strong showing by peanut butter, up 5.6% in
usage. Snack peanuts were also up 2.9%. Government purchases continue to be helpful in utilizing extra peanuts either on trade
mitigation or regular domestic food program purchases, now UP 60.3% in the first three months. Overall, it is good news for market
expansion and growth.