From Tyron Spearman’s Peanut Marketing News:
Peanut stocks in commercial storage as of August 31, 2016 totaled 1.25 billion pounds equivalent farmer stock, compared to 1.46 billion pounds last year, DOWN 14.4%. This total includes 365 million pounds of actual farmer stock, down 1.3% from last year. Shelled peanuts on hand farmer stock equivalent totaled 573 million pounds, DOWN 18.4%. Roasted stocks were 19.5 million pounds, DOWN 69% from same month last year.
Total shelled peanut stocks showed 431 million pounds, UP 18.4% with edible grades reaching 385million pounds, 24.4% more than last year. Oil stocks totaled 45.8 million pounds, 140.3% MORE than one year ago.
Edible stocks of shelled peanuts by type, Virginia & Valencia stocks are at 67.9 million pounds10% more than last year. Runners were 301 million pounds, DOWN 28.8% and Spanish totaled 16.7 million lbs, DOWN 30.4% from last year.
In August, shellers milled 341 million pounds, DOWN 16.2% from August last year. Commercial processors used 211 million pounds of shelled edible peanuts, 15.3% MORE than last August.
Government purchases for Nutrition Programs in June totaled 3.24 million lbs of peanut butter, down 2.8%, and 51,840 pounds of roasted nuts, 100.3% more than last year in August. For the 1st month period, government purchases are DOWN only 1.98% compared to last year.
August was a fantastic month for peanuts and peanut butter. Except for in-shells, all other categories were positive with peanut candy up 18.5% and peanut butter up an amazing 13.7%. Overall, raw shelled peanuts were up 12% and if that keeps up for the year, peanut supplies will get tighter in the domestic market. Raw peanuts continue to be a reasonable ingredient and the healthy message is getting to consumers.