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PEANUT MARKETING NEWS – November 6, 2019 – Tyron Spearman, Editor (145)

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- Nov. 5, 2019 Date – Nov. 5, 2019 Farmer stock tons Date – 10-26-2019
$425.16 per ton/Runners Shelled Runners/ 2017 Crop 2018 Crop Runners - $.194- $388 t
$414.74 per ton/Spanish Jum - $.45, Med- $.46, Date 11-7-2018 11-5-2019 Spanish - $.529 - $1,058 T
$425.49 per ton/Valencia Splits - $.44 lb. Loans 2,735,144 2,339,947 Virginia – $.230- $460 T
$425.49 per ton/Virginia 11-10-18 Jum $.47,Med. $.46 Redeemed 2,731,160 2,317,920 Average - $.220- $440 t
Same as last week. Splits - $.45 In Loan 3,984 22,127 Runners – 71.423,000 #
10-25-17 Jum $.49 Med$.48 Estimate 3,616,800 2,730,800(F) Virginia – 7,057,000 #
Final inspec 3,537,849 2,744,494 t Spanish – 5,751,000 #
2019 U.S. Peanut Planted Acreage (Oct) Estimate – 1,383,000 acres - 1% increase over 2018 TOTAL – 84.231,000 #
2019 Crop Estimate- 1,383,000 acres harvested X 3,964 lbs. ac = 2,741,050 tons UP 1.3 c/lb
November crop estimate will be issued, Friday November 8.
Prices Received by Jul 2019 Aug 2019 Sept 2018 Sept 2019
Farmers $.206 $.205 $.223 $.198
$412 ton $410 ton $446 ton $396 ton
2018 Loan July – 4,559 Aug - 37,418 Sept 37,838 Oct 4,736 November Dec & Jan TOTAL LOAN FORFEITS
MATURITY Forfeits Forfeits Forfeits/168 Forfeits 19,320 2,492/314 22,127 84,719 t
INTERNATIONAL PEANUT FORUM SET - The 2020 International Peanut Forum is April 22-24, 2020 at the Corinthia Hotel,
Budapest, Hungary. Registration for the global networking and conference event is now open. Held every two years, the conference is
a “must attend” for many in the peanut business. It is an opportunity to network, conduct business and discuss issues impacting the
peanut industry with farmers, shellers, exporters, brokers, dealers, manufacturers and service suppliers from around the world. In
2018 over 350 delegates from 30 countries attended the IPF in Athens. Special discounts for early registration until the end of the
year and sponsorships are available. For details, contact the American Peanut Council at 703-838-9500 or info@peanutsusa.com.
CHINA UPDATE – With China about to complete harvest, the China science news reports that the country planted 4.6 million
hectares, about 17.5% of the global acreage and will produce about 17.5 million tons, 39.4% of the world production, estimated at a
0.9% growth compared to last year. Production increased in Liaoning, Julin and Henan provinces and decreased slightly in Shandong
and other provinces.
2019 CROP UPDATE – Georgia FSIS provides the report as a service to the industry as reported by buying points. (% Oct Est)
TOTALS/date COMM. STR Loan RCT Loan Seg. 2’s Seg 3’s TOTAL % Oct Est.
11/05/19 233,832 1,192,171 620,373 4,302 21,755 2,046,376 75.7%(O)
11/09/18 208,995 1,387,199 569,732 2,916 2,860 2,165,925 79.2%(N)
11/07/17 549,981 1,666,844 682,186 15,696 1,201 2,899,012 74.4%(O)
11/10/16 316,552 1,037,901 1,003,823 28,174 24,370 2,358,275 75.5% (N)
SELLING OLD CROP - Adding up the tons sold from invitations 8-12 shows 79,808 tons already sold. Current forfeitures are
84,719 tons so the remainder to be sold is 4,911 tons.
REMINDERS:
PEANUT GIFT BOX ORDERS - The Spearman Agency/NPBPA is now accepting orders for the Georgia Peanut Gift Box, an
assortment of 14 different delicious peanut products ideal of the holidays. Cost is $25 each. E-mail orders to
spearmanagency@friendlycity.net or call Angela at 229-386-0216. Supplies limited, we ship.
DEADLINE FOR APC WINTER CONFERENCE - The deadline for reservations at our exclusive rate for the Watergate Hotel
in Washington, DC expires Saturday, November 9. Contact the hotel at 1 (855) 256-3966 and state that you are attending the
American Peanut Council Winter Conference 2019. The APC Meeting is December 11 & 12, 2019.
44th ANNUAL GEORGIA PEANUT FARM SHOW – Mark your calendar for the show and conference scheduled for Thursday,
Jan. 16, 2020, from 8:30 a.m. - 2:30 p.m. at the University of Georgia Tifton Campus Conference Center in Tifton, Georgia. Reserve
space now by contacting the Georgia Peanut Commission office at 229-386-3470 or visit www.gapeanuts.com.