PEANUT MARKETING NEWS – January 7, 2020 – Tyron Spearman, Editor (2)

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- Jan.7, 2020 Date – Jan. 7, 2020 Farmer stock tons Date – 12-28-2019
$424.13 per ton/Runners Shelled Runners/ 2018 Crop 2019 Crop Runners - $.192- $384 t
$416.70 per ton/Spanish USDA Neg/Afla- Jum - $.55, Date 1-06-2020 1-06-2020 Spanish - none
Med- $.54, Splits - $.53 lb.
$430.94 per ton/Valencia If specs tighter, higher price
Loans 2,339,947 2,189,336 Virginia – $.280- $560 T
$430.94 per ton/Virginia 1-7-19 Jum $.45,Med. $.44 Redeemed 2,339,892 172,307 Average - $.222- $444 t
Same as last week 1-7-18 Jum $.45 Med $.46 In Loan 55 2,017,029 Runners – 3,195,000 #
Estimate 2,730,800(F) 2,821,350 Virginia – 1,694,000 #
Inspected 2,744,494 t 2,731,977 Spanish – None
2019 U.S. Peanut Planted Acreage (Nov) Estimate – 1,383,000 acres - 1% increase over 2018 TOTAL – 4,889,000 #
2019 Crop USDA Estimate- 1,383,000 acres harvested X 4,080 lbs. ac = 2,821,350 tons UP + 1.5 c/lb
2019 Peanut Inspections: (12-31-2019) = 2,731,977 tons
Prices Received by Jul 2019 Aug 2019 Sept 2019 Oct 2019 Nov 2019 Projected PLC Payment
Farmers $.206 $.205 $.198 $.204 $.192 $.0525
$412 ton $410 ton $396 ton $408 ton $384 ton $105 per ton
2018 Loan July – 4,559 Aug - 37,418 Sept 37,838 Oct 4,736 November 2018 LOAN FORFEITS
MATURITY Forfeits Forfeits Forfeits/168 Forfeits 6,247?/55 55 90,798 t
PEANUT STOCKS AND PROCESSING REPORT– USDA’s Peanut Stocks and Processing Report was released December 30,
2019 for the month of November 2019, the 4rd month of the marketing year. Some comparisons of one year ago are impossible
due to the 2018 government shutdown.
Peanut stocks in commercial storage as of November 30, 2019 totaled 4.68 billion pounds equivalent farmer stock,
compared to 5.00 billion pounds last year, DOWN 6.4%. This total includes 3.95 billion pounds of actual farmer stock.
Shelled peanuts on hand farmer stock equivalent totaled 700 million pounds. Roasted stocks were 30.6 million pounds.
Total shelled peanut stocks showed 526 million pounds of which 503 million pounds were considered edible grades.
Edible stocks of shelled peanuts by type, Virginia & Valencia stocks are at 93.7 million pounds. Runners were 369 million
pounds, and Spanish totaled 40 million lbs.
In November, shellers milled 309 million pounds, 24.2% less than last month.
Commercial processors used 181 million pounds of shelled edible peanuts, 13.4 % less than last month.
Government purchases for Nutrition Programs in November totaled 1.35 million lbs of peanut butter, UP 8.8%. For the
first 4 months, government purchases are up 48% to 1,584,710 lbs. compared to last year.
USE OF RAW SHELLED PEANUTS IN PRIMARY PRODUCTS
Month(1000 #) Peanut candy Snack peanuts Peanut butter Total edibles In-shell P'nuts
Aug – Nov 2019 122,696 161,317 466,444 787,442 46,931
Aug – Nov 2018 127,043 155,864 452,810 774,031 47,337
DOWN – 3.4% UP + 3.7% UP + 3.0% UP + 1.7% Down – 0.8%
Nov.19 vs Nov 18 + 5.1% + 5.4% - 5.2% - 1.7% - 14.5%
Peanut usage slipped slightly during November as peanut butter slowed, down 5.2%, however peanut butter is up 3% for the year.
Strong usage in November was evident in peanut candy and snack peanut products. Overall, use of edible peanuts is up 1.7% for the
first 4 months and that trend should continue with more emphasis on plant-based protein.
CCC SELLING FORFEITS - The Commodity Credit Corporation (CCC) had to purchase Peanuts in-store for unrestricted use in
accordance with the terms and conditions of Invitation No. 16 – Peanuts. Bids were due December 30 for 667 tons of Virginias from
Cox Processing in Clarkston, NC and 1,249 tons of Virginias from Carolina Nut Whse in Mount Olive, NC. The Purchaser was made
by Georgia Farm Services of Mt. Olive, NC. Purchase was for 1,249.44 tons for $351.10 per ton.
Jan 11/2017 655,951 2,026,342 837,185 26,679 2,055 3,519,479 98.9% - Nov Est.
Jan 11/2018 271,602 1,673,726 691,992 9,127 4,525 2,637,320 96.4%
Jan 07/2019 326,014 1,654,251 752,774 12,740 43,181 2,733,039 98.4%