PEANUT MARKETING NEWS – January 8, 2021 – Tyron Spearman, Editor (03)
PEANUT STOCKS AND PROCESSING REPORT– USDA’s Peanut Stocks and Processing Report was released December
28, 2020 for the month of November 2020, the 4nd month of the new marketing year. Usage ended last year UP 3.3%.
Peanut stocks in commercial storage as of November 30, 2020 totaled 4.48 billion pounds equivalent farmer stock,
compared to 4.64 billion pounds last year, DOWN 3.4%. Total includes 3.85 billion pounds of actual farmer stock (-2.5%).
Shelled peanuts on hand farmer stock equivalent totaled 601 million pounds, down 14.1%. Roasted stocks were 28.2
million pounds, UP 14.2% from last year.
Total shelled peanut stocks showed 452 million pounds, DOWN 14.1% with edible grades reaching 431 million
pounds, down 14.3%. Oil stocks totaled 20.9 million pounds, DOWN 9.5% from one year ago.
Edible stocks of shelled peanuts by type, Virginia & Valencia stocks are at 57.3 million pounds, 38.8% less than last
year. Runners were 336 million pounds, down 8.9% and Spanish totaled 37.7 million lbs, DOWN 5.7% from last year.
In November, shellers milled 373 million pounds, 20.7% MORE than November last year.
Commercial processors used 200 million pounds of shelled edible peanuts, 10.5% MORE than last November.
Government purchases for Nutrition Programs were UP 7.6% in Nov. vs Nov. last year. For the 4 month period,
government purchases are down 70% as many processors did not submit a bid for production.
Month (1000 #) Peanut candy Snack peanuts Peanut butter Total edibles In-shell P'nuts
Aug/Nov 2020 161,586 169.568 489.570 847,237 44.912
Aug/Nov2019 122.696 161,317 466,444 787,443 46,931
UP + 31.7% UP + 5.1% UP + 5.0 % UP + 7.6 % DOWN – 4.3%
Nov 20 vs Nov 19 UP + 29.5% UP + 8.0% UP + 7.8% UP + 10.6% DOWN – 1.5%
November was a banner month for peanut usage. Shelled edible grade, season to date utilization, was UP almost 8 percent
from last year. Peanut stocks in commercial storage totaled 4.48 million lbs., down 3.4 percent. Peanuts used in candy
continued at a record pace, up 32%, peanut snack usage was UP 5.1 percent and even peanut butter showed a 5 percent
increase after a 7.8 percent in November. Government purchases rebounded after being unable to get bids from
processors for peanuts and peanut butter to get these products back into the nutrition programs.
TIME TO SIGN UP FOR ARC or PLC - USDA’s Farm Service Agency (FSA) encourages agricultural producers to enroll now
in the Agriculture Risk (ARC) and Price Loss Coverage (PLC) programs. March 15, 2020 is the enrollment deadline for the 2019
crop year. Although more than 200,000 producers have enrolled to date, FSA anticipates 1.5 million producers will enroll for
ARC and PLC. By enrolling soon, producers can beat the rush as the deadline nears.
ARC and PLC provide financial protections to farmers from substantial drops in crop prices o r revenues
and are vital economic safety nets for most American farms. Peanuts are a covered crop. Farm owners have a one-
time opportunity to update PLC payment yields that take effect beginning with crop year 2020.
COMMENT FROM THE NATIONAL PEANUT BOARD - New Dietary Guidelines Endorse Early Introduction of Peanut
Foods - In December 2020, USDA and HHS released the 2020-2025 Dietary Guidelines for Americans. Updated every five years,
this is the first time the DGAs have included diet advice for infants and toddlers (0-2 years). Significantly, not only do the
DGAs include recommendations for early introduction of peanut foods, but they also clearly extend the potential benefit to all
infants, and not just those who are high risk.
The National Peanut Board and partners have worked to bring national attention to the importance of introducing peanut
foods to infants to prevent peanut allergy.
“This guidance document will impact all government-sponsored supplemental feeding programs, including the Special
Supplemental Nutrition Program for Women, Infant and Children (WIC),” said NPB’s Sherry Coleman Collins, RDN, MS, LD.
“Updates these programs will take some time, but I'm encouraged that it will happen.”
PEANUT MARKET FACTS –
❖ The reported peanut acreage as of January is 1,655,831 acres, different from the USDA estimate in November of
1,623,200 acres. New state updates included Arkansas with 37,856 acres and Missouri with 16,991 acres.
❖ The peanut tonnage report from Federal State Inspection Service as of January, 2021 shows 3,052,834 tons. The USDA
November estimate was 3,321,500 tons. The Final Peanut crop estimate will be released at 12 N on January 12, 2021.
❖ The November 2020 average prices received for peanuts was $.212 per pound or $424 per ton. The October
price was $.209 per pound or $418 per ton. That compares to the November 2019 price of $.192 per pound. These prices
at the end of July, 2021 (12 months) will determine that Price Loss Coverage payment to farmers.