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PEANUT MARKETING NEWS – March 2, 2021 – Tyron Spearman, Editor (26)

NATIONAL POSTED PRICE SHELLED MKT PRICE MARKET LOAN WEEKLY PRICES
from USDA each Tuesday at 3 PM, USDA - 9 - Mo. loan Average prices
Good til Next day at 12:01 am EST. insp. = Inspected Marketing by type
Week- Mar 2, 2021 Date – 3-2-2021 Farmer stock tons Date – 02-20-2021
$424.55 per ton/Runners Shelled Runners 2019-20 Crop 2020-21 Crop Runners - $.196- $392 t
$415.57 per ton/Spanish 2020 Crop - $.50- $.55 lb. Date 3-3-2020 3-2-2021 Spanish - none
$428.74 per ton/Valencia 3-3-20 Jum$.67,Med.67, $.66 Loans 2,340,990 2,435,255 Virginias - None
$428.74 per ton/Virginia No sellers /delivery top priority Redeemed 498,864 725,196 Average - $.196- $392 t
Same as last week 3-3-19 Jum $.46 Med, $.45 In Loan 1,842,126 1,710,159 Runners – 40,185,000 #
Splits $.44 Estimate 2,748,043 t 3,067,168 t Virginia – None
Mar. 1, 2021 (2020 crop) Inspected 2,752,280 t 3,100,280 t Spanish – None
2019 Crop USDA Estimate- 1,389,700 acres harvested X 3,934 lbs. ac = 2,733,243 tons TOTAL –40,185,000 #
2020 Crop USDA Estimate (Final)- 1,616,000 acres harvested X 3,796 lbs. ac = 3,067,168 tons DOWN $1.5 ct/lb
2021 Farmer Stock Contracts – $500 per ton /$475 per ton, plus $25 per ton premium on seed and/or High Oleic (HO)
VC – Virginias – Some $500/$520 per ton, + $25 per ton for irrigated, Runners -$475 per ton + $25 for HO/irrigation.
Prices Received by Jul 2020 Aug 2020 Sept 2020 Oct 2020 Nov 2020 Dec 2020 Jan.2021 Projected PLC
Farmers (PLC $.207 $.205 $.205 $.209 $.212 $.204 $.205 Payment $.0575
2019 Program) $414 ton $410 ton $410 ton $418 ton $424 ton $408 ton $410 ton $115 per ton

2020 PEANUT CROP VALUE – According to USDA’s National Agricultural Statistics Service, the price of peanuts averaged
$0.207 per pound ($414 ton) last season, 1.0 % higher than 2019.The value of the 2020 peanut crop at farm level is
$1,275,009,000, a 12.7% increase from 2019. Harvested peanut acres were up 16.3 percent.
The highest average price was paid in New Mexico ($656 per ton) followed by Texas at $526 per ton. The lowest price
average was paid in Arkansas at $.194 per pound or $388 per ton. Mississippi and Georgia were next lowest at $.200 or $400
per ton. About 51 percent of the revenue from peanuts was produced in Georgia. Ranking second with revenue is Alabama
(10.1%) followed by Florida (9.0%).
PEANUTS: PRICE PER POUND & VALUE OF PRODUCTION (2018-2019-2020)
State Price per Pound (cents per lb.) Value of Production (dollars)
2018 2019 2020 2018 2019 2020
Dollars Dollars Dollars 1,000 dollars 1,000 dollars 1,000 dollars
Alabama 0.208 0.194 0.203 $118,882 $101,384 $129,311
Arkansas 0.190 0.198 0.194 $21,413 $33,977 $35,386
Florida 0.207 0.201 0.203 $116,924 $118,389 $113,883
Georgia 0.205 0.195 0.200 $589,467 $536,679 $656,000
Mississippi 0.202 0.189 0.200 $18,907 $14,,364 $19,360
N. Mexico 0.292 0.274 0.328 $4,577 $4,134 $4,723
N. Carolina 0.230 0.221 0.218 $87,230 $98,185 $92,432
Oklahoma 0.234 0.235 0.215 $10,776 $13,160 $12,642
S. Carolina 0.213 0.206 0.209 $57,936 $48,534 $58,269
Texas 0.275 0.281 0.263 $127,600 $137,128 $128,870
Virginia 0.221 0.219 0.218 $22,277 $24,440 $24,133
U.S. 0.215 0.205 0.207 1,175,989 1,131,374 1,275,009
Note: Chart based on marketings and monthly prices received from Aug. 1, 2020 – Dec. 31, 2020.

PEANUTS ARE PART OF A HEALTHY DIET FOR LIFE -

Diabetes Management – Peanuts and peanut butter are great for people with diabetes because they have been shown to have
a low glycemic index and are full of good nutrients, along with being on many recommended food lists, including the American
Diabetes Association.