PEANUT MARKETING NEWS – January 21, 2020 – Tyron Spearman, Editor (7)

EXPORTS OF U.S. PEANUTS – From Foreign Agricultural Service for August 2019-November 2019 (4 months) (MT=Metric Ton)
Country Aug18-Nov 18 Aug 19-Nov19 Nov18 Nov19 Country Aug18-Nov18 Aug19-Nov19 Nov-18 Nov19
Export Raw-Shelled Peanuts (MT) UP + 7.5% In-Shell Peanuts (MT) UP 139%
Canada 31,802 33,342 9,003 9,747 China 1,393 20,843 1,393 10,498
Mexico 21,792 28,876 4,754 1,705 Vietnam 184 6,478 0 815
China 767 12,225 382 2,389 Germany 5,235 3,380 1,663 585
Netherlands 19,252 8,876 4,754 1,705 Canada 2,175 3,243 608 637
United KIngdo 6,023 4,941 1,417 963 Trinidad/Tab 1,657 1,544 348 376
TOTAL (U.S.) 92,298 99,212 24,977 24,883 U.S. 17,768 42,528 6,065 14,612
Peanut Butter Exports (MT) DOWN – 16.0 % TOTAL PEANUT EXPORTS (MT) UP 16.0 %
Canada 6,021 5,182 1,137 999 U.S. 157,569 183,125 41,161 50,401
Mexico 590 1,426 88 295 U.S. peanut exports still looking good, UP 16% after 4
Japan 712 906 171 282 months. China and Vietnam buys of in-shells in spite of
United Arab Em 233 727 47 197 tariffs. In-shell volume is up 139% and raw shelled peanut
Phillipines 489 464 113 118 shipments are up 7.5% with strong buys from Canada and
TOTAL (U.S.) 16,230 13,626 3,600 3,170 Mexico. Peanut butter shipments are down about 16%. The
Pnts Blanched 7,201 7,287 1,593 1,427 Canada-Mexico Trade Agreement should continue to help
Crude Pnt Oil 742 746 147 202 exports as the first phase of China Trade Agreement has been
Ref. Pnt Oil EXP 853 794 188 242 approved and signed by the President.
ShelledOil Stock 12,301 8,119 2,880 2,252
PEANUTS –Shelled Oil Stock DOWN – 15.9% Mexico has bought 14,478 MT as PNTS, SH, Oil Stock.(4 mo)
Mexico 14,962 12,583 2,660 4,464
Rotterdam CIF-shelled May – 2018 Jun 2018 Jul 2019 Aug 2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019 From Foreign Ag
Runners – 40/50’s MT $1,305 $1,325 $1,313 $1,325 $1,344 $1,345 $1,400 $1,470 Service/USDA
SENATE PASSES USMCA - Trump, Trudeau, and Mexico’s then-President Enrique Peña Nieto signed the deal in November, but it
still needs to be ratified by all three governments. In May, the Trump administration struck a deal to end steel and aluminum tariffs on
Canada and Mexico, something both countries demanded if they were to pass the USMCA. The United States-Mexico-Canada
Agreement, or USMCA, will replace the current NAFTA agreement that governs trade in North America. The trade agreement has
been negotiated by the governments of The United States, Mexico and Canada, but still must be ratified be certain groups within these
governments.
Mexico has already signed off on the agreement, but Canada still needs to pass legislation before the agreement goes into
force. Implementation will take place some months after this is accomplished. For peanuts, the only change is that the quota for
peanut butter being shipped back into the United States from Canada has been eliminated. However, the re-exported peanut
butter must be made from peanuts of North American origin.
U.S. SIGNS PHASE ONE OF CHINA TRADE DEAL – Last week, the U.S. signed a Phase One agreement on trade with
China. As part of the deal, the Chinese have committed to purchasing $40 billion of U.S. agricultural products annually over the next
two years. There is a list of more than 200 products that may be included in these promised purchases, including peanuts.
However, at this point, there have been no reductions in tariffs, either from the U.S. on Chinese imports, or from the
Chinese on American imports. This may change in the coming months, but for now, the current tariff structure remains in place.
(APC).
BIDS FOR PEANUT BUTTER AND IN-SHELL PEANUTS – AMS of USDA is seeking bids on 77,760 lbs of roasted in-shell
peanuts included in the total solicitation of 2.978 million pounds of smooth peanut butter and in-shell unsalted. Deadline to submit
bids is Jan. 28 at 9 AM CST. For info, contact Cheryl Davis at Cheryla.davis@usda.gov or 816-926-3377.
LOSS OF AG LEADER – We are saddened to report the passing of Bonnie Duvall, 61, wife of National Farm Bureau president and
former Georgia Farm Bureau president, Zippy Duvall. Bonnie worked with Zippy on the family farm near Greensboro, GA where
they raised their 4 children. Funeral services will be Thursday, January 23 at 2 PM at the First United Methodist Church in
Greensboro, GA. For details, visit www.mccommonsfuneralhome.com.
UGA EXTENSION PEANUT MEETINGS – January 23 – 8 AM – Screven County; Noon –Bulloch County; 6 PM – Effingham
County: January 24 – 8:00 AM – Irwin/Ben Hill; Noon – Cook County.