PEANUT MARKETING NEWS –September 10, 2021 – Tyron Spearman, Editor (115)

WANTED – USED KMC Peanut Dump Cart – Call 229-246-7412.

PLAINS PEANUT FESTIVAL POSTPONED – The Plains Peanut Festival set for September 25 has been postponed until September
22-24, 2022. Officials said, “It is with great disappointment that the Friends of Jimmy Carter Organization has decided that is would
be in the best interest of all participants to once again postpone the Plains Peanut Festival until September 2022.” President Carter
will celebrate his 97th birthday on October 1. Happy Birthday to America’s most famous peanut farmer.
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- Sept 7, 2021 Date – 9-8, 2021 Farmer stock tons Date – 9-3-2021
$424.89 per ton/Runners Shelled Runners 2019-20 Crop 2020-21 Crop Runners - $.206- $412 t
$413.05 per ton/Spanish 2020 Crop - $.53- $.55 lb. Date 9-9-2020 9-8-2021 Spanish – none
$427.70 per ton/Valencia 9-10-20 Neg/afla JUM-$.70/.75 Loans 2,341,062 2,435,355 Virginias - $.233 -$466 t
$427.70 per ton/Virginia New Crop – $.50 /$.55 lb. Redeemed 2,160,430 2,175,964 Average - $.207 - $414 t
Same as last week 9-10-19 Jum $.45 Med, $.45 In Loan 180,632 259,391 Runners –75,025,000
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 – 2,056,000 #
2021 USDA Peanut Acreage Estimate – 1,587,000 ac. harvested TOTAL –77,081,000 #
Average estimated yield – 4,183 lbs. ac. Production estimate 3,318,000 tons, up 8.2 % DOWN - $0.4ct/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 Jul 2021 PLC Pmt
Farmers (PLC $.212 $.204 $.205 $.205 $.212 $.214 $.213 $.213 $.216 $.215/$430
2019 Program) $424 ton $408 ton $410 ton $410 ton $424 ton $428 ton $426 ton $426 ton $432 ton $105/85%
U.S. 2021 PEANUT CROP ESTIMATE – Issued by USDA’s Ag Statistics Service from interviews with farmers on Sept. 1, 2021and
acreage reported to USDA FSA by the July 15 deadline to participate in the peanut program and other farm programs.
Area Harvested Yield Production
2021
State 2020 2021 2020 2019 2020 2021
Aug Sept
1,000 Acres Pounds/Acre Tons
Alabama 182.0 182.0 3,500 4,000 4,000 264,650 318,500 364,000
Arkansas 38.0 35.0 4,800 5,000 5,000 85,900 91,200 87,500
Florida 165.0 160.0 3,400 3,900 3,900 294,500 280,500 312,000
Georgia 800.0 750.0 4,100 4,400 4,400 1,386,000 1,640,000 1,650,000
Mississippi 22.0 17.0 4,400 4,100 4,100 38,000 38,950 34,850
N. Mexico 4.8 11.0 3,000 3,100 3,100 7,543.5 7,200 17,050
N. Carolina 106.0 113.0 4,000 4,000 3,900 221,850 212,000 220,350
Oklahoma 14.0 15.0 4,200 4,200 4,000 28,700 29,400 30,000
S. Carolina 82.0 66.0 3,400 4,000 4,000 117,800 139,000 132,000
Texas 175.0 155.0 2,800 3,550 3,350 248,000 245,000 259,625
Virginia 27.0 29.0 4,100 4,400 4,600 55,200 55,350 66,700
US TOTAL 1,615.8 1,533.0 3,796 4,183 4,141 2,748,043.5 3,066,950 3,174,075
2021 PEANUT CROP –Production is forecast at 6.35 billion pounds (3,174,075 tons) down 4 percent from the previous forecast but
up 3 percent from 2020. Acreage updates were made in several States based on a thorough review of all available data. Planted area, at
1.58 million acres is down 3 percent from the previous estimate and down 5 percent from the 2020 planted area. Area harvested is
expected to total 1.53 million acres, down 3 percent from the previous forecast and down 5 percent from 2020. Based on conditions
as of September 1, the average yield for the United States is forecast at 4,141 pounds per acre, down 42 pounds per acre from the
previous forecast but up 345 pounds per acre from 2020. Record high yields are forecasted in Alabama and South Carolina. Seventy-
six percent of the United States peanut acreage was rated in good to excellent.