PEANUT MARKETING NEWS – August 27, 2021 – Tyron Spearman, Editor (107)

MESSAGE FROM FEDERAL STATE INSPECTION SERVICE – Dear Buying Point Manager or Industry Partner,
The recent spike in Covid cases has caused more precautions to be re-implemented. The same measures and precautions as
last year will be followed. A safe and sanitary workplace is crucial. We ask that you join us in taking some extra measures to ensure
our employees and yours are protected.
Georgia Federal-State Inspection Service will be taking these steps:
• Following current guidelines set in place by the CDC& DPH
• Providing additional training to all inspectors including proper handwashing techniques
• Encouraging social distancing by remaining 6 feet apart where possible and limiting interaction with buying point personnel
• Requiring employees to wear masks where applicable
• Sanitizing the grade rooms regularly
• Performing daily checks using a questionnaire covering symptoms and exposure
We ask that buying points assist us with the following:
• Providing hand-washing stations in close proximity of the grade room
o We are considering close proximity as being within the same building at a minimum
o Existing restrooms within close proximity are sufficient
• Hand-washing areas should remain supplied with soap and paper towels
• Restrooms should follow regular and frequent cleaning and sanitizing practices
• Adding partitions to separate GAFSIS employees from buying point personnel where feasible
• Request all buying point personnel to limit interaction with GAFSIS employees
• Post warning signs as detailed in Georgia House Bill 112 (2021 Session), the Covid 19 Pandemic Business Safety Act

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- Aug 24, 2021 Date – 8-24, 2021 Farmer stock tons Date – 8-14-2021
$424.55 per ton/Runners Shelled Runners 2019-20 Crop 2020-21 Crop Runners - $.214- $428 t
$415.57 per ton/Spanish 2020 Crop - $.53- $.55 lb. Date 8-25-2020 8-25-2021 Spanish – none
$428.74 per ton/Valencia 8-25-20 Neg/afla JUM-$.80/.85 Loans 2,341,062 2,435,355 Virginias - $.218 -$436 t
$428.74 per ton/Virginia New Crop – Jumbo -$.55 lb. Redeemed 2,090,973 2,079,512 Average - $.214 - $428 t
Same as last week 8-20-19 Jum $.45 Med, $.45 In Loan 250,089 355,843 Runners –104,526,000
Splits $.44 Estimate 2,748,043 t 3,067,168 t Spanish – none
7-08-2021 (2020 crop) Inspected 2,752,280 t 3,108,567 t Virginias – 28,900,000 #
2021 USDA Peanut Acreage Estimate – 1,587,000 ac. harvested TOTAL –133,426,000 #
Average estimated yield – 4,183 lbs. ac. Production estimate 3,318,000 tons, up 8.2 % DOWN - $0.6ct/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 Nov 2020 Dec 2020 Jan.2021 Feb.2021 Mar. 2021 Apr. 2021 May 2021 Jun 2021 Projected PLC
Farmers (PLC $.212 $.204 $.205 $.205 $.212 $.214 $.213 $.213 $535-$415
2019 Program) $424 ton $408 ton $410 ton $410 ton $424 ton $428 ton $426 ton $426 ton $120 / 85% Base
PEANUT MARKET CHATTER – With the increase in projected yield and the summer weather, overall crop conditions look good.
FSA reports indicate that the US crop is 82% runners, 13% Virginias, 3% Spanish and 2% Valencia. The runner market, in general,
has a softer tone than a month ago and buyers are tending to sit and wait. The only tightness in the market lies outside runners.
Current crop Virginias – mainly large kernels and in-shells remain almost impossible to find. Valencias are harder yet. Marketers
indicate it will take some time or a marked decrease in demand until these types loosen up.
With the Covid-19 delta variant on the rise, it is difficult to project world demand. Containers are said to be short and
some ports of entry have closed to arrivals due to the virus. China will be the key to world demand for U.S. peanuts this year.
Chinese interest has been very quiet as the Chinese crop has progressed despite earlier (mid-July) flooding in the Henan province.
Earlier, China had estimated a production of 18.3 million MT, a 3% increase.