NEW

PEANUT MARKETING NEWS – July 10, 2019 – Tyron Spearman, Editor (84)
OOPS: In PFMN # 82, the age of the population was in error. GEN Z is age (7-22), GEN X is age (39-54). Please correct.
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- July 9, 2019 Date – July 9, 2019 Farmer stock tons Date – 6-29-2019
$424.49 per ton/Runners Shelled Runners/ 2017 Crop 2018 Crop Runners - $.196 - $392 t
$415.84 per ton/Spanish Jum - $.46, Med- $.45, Date 7-10-2018 7-10-2019 Spanish – None
$429.80 per ton/Valencia Splits- $.44 Loans 2,734,773 2,339,940 Virginia – $.227 - $454 t
$429.80 per ton/Virginia Redeemed 1,722,892 1,450,575 Average - $.222- $444 t
Same as last week. 7-10-18 Jum $.49,Med. $.48 In Loan 1,011,892 889.365 Runners – 3,940,000 #
Splits $.47 lb. Estimate 3,616,800 2,730,800(F) Virginia.– 19,920,000 #
7-13-17 Med-$.51 Jum $.52 5-21- inspec 3,537,447 2,744,494 t Spanish – None
2019 U.S. Peanut planted Acreage Estimate – 1,323,000 acres (NEW), 3% decrease over 2018 TOTAL – 23,860,000 #
2019 Crop Estimate- 1,323,000 acres harvested X 4,051 lbs. ac = 2,679,736 tons UP 1.3 c/lb
2017 Forfeits – 121,684 tons (Barter #1 - 46,390 farmer stock tons for 12,718,080 lbs of peanut butter
Barter # 2 – Exchanging farmer stock peanuts for commercial peanut butter. – 75,258 tons remain = Bids due July 16.
Prices Receive Aug.– 2018 Sept– 2018 Oct- 2018 Nov 2018 Dec 2018 Jan - 2019 Feb 2019 Mar 2019 Apr 2019 May 2019 Final Est
farmers/PLC $.220 $.222 $.221 $.212 $.178 $.222 $.215 $.160 $.205 $.206 $.211
payments $ 440 ton $444 ton $442 ton $424 ton $356 ton $444 ton $430 ton $320 ton $410 ton $412 ton $422 t
ARGENTINA PEANUT CROP UPDATE – The Argentina peanut sector reports an excellent week with climatic conditions good for
progress in harvesting the peanut crop. The area experienced an entry of cold and dry air from the South, accompanied with sunshine
without the morning fogs. Some losses are occurring from peanuts that have been dug a long time, but overall the percentage of
peanut gathered are excellent and do not have quality problems. If weather holds, Argentina harvesting should be at least 70/75%
completed this week and could finish in the next 15 days.
FARM PRESS PUBLICATIONS ANNOUNCE THE PEANUT PROFITABILITY WINNERS – The Farm Press Publications
has announced the 20th Annual winners of the Peanut Profitability Awards. Editor Ron Smith says the winners relied on rotation,
improving soil health, efficient water use, reduced tillage and management inputs to join the new class of winners. This marks the
first year for a Mid-South Award winner. The winners are three growers who produce high yields at the lowest cost per acre.
LOWER SOUTHEAST REGION – Graham Ginn of Morgan, Georgia
Last year, Ginn grew 286 acres of irrigated peanuts and 80 acres of non-irrigated and averaged 5,471 pounds per
acre on irrigated and 4,271 pounds per acre on non-irrigated. In all, Ginn grows about 1,100 acres of corn, peanuts
and cotton. Graham, 39, plants Georgia O6G twin rows. For the Ginns, it’s a family operation with wife, Julie, son
Jackson is 14 and daughter Anna Grace is 12.
UPPER SOUTHEAST REGION – Dennis and Katrine Spruill, Como, North Carolina
350 acres of peanuts, averaging 5,000 pounds per acre. The family farms about 1,700 acres, including 660 acres of
cotton, 240 acres of corn and 400 acres of soybeans. They use strip-tillage on sandier land and beds on heavier land.
They plant Sullivan variety and Baileys…all Virginia type. Son Denton is a part of the operation and daughter
Shirley Lee Rountree is loan officer for Ag Carolina and husband Eric with one-year old granddaughter, Addison
SOUTHWEST REGION – Jared & Lexi Floyd, Brownfield, Texas
Three-year average of organic peanuts is about 3,900 pounds per irrigated acre. In 2018, the organics sold for
$1,200 per ton, while conventional peanuts yielded $400 per ton. They contracted with All Star peanuts at Wellman.
Terminating weeds takes a lot of land labor. At key times had 87 people, but constantly running knives to help weed
control. The Floyds have three daughters; Ashton (14), Aniston (11) and three-month-old Channing.
MID-SOUTH REGION – Joe Morgan, Hattiesburg, Mississippi
Joe and his wife Patricia, farm in partnership with son, Joe Morgan, Jr and his wife Grace on M&M Farms near
Forrest County, Mississippi. Five-year average acres is about 944 acres with a five year yield average of 5,976
pounds per acre. Peanut acreage this year is 1,125 acres of runners. Plants Georgia 06G with Dynasty.
Winners will be honored at the Southern Peanut Growers Conference July 19-20, 2019 at Edgewater Beach Resort in Panama City
Beach, Florida.