Peanut Stocks and Processing Report

Peanut Stocks and Processing Report Review

Well, the peanut farmers keep watching the Peanut Stocks and Processing Report from USDA and it shows they have too many peanuts. Matter of fact, the commercial storage right now is up 36.4% compared to the same time last year. Also, the shell peanut items that are stored in warehouses is also up 20.4% compared to last March. That’s pushing the price of peanuts down …

peanut stocks

USDA Peanut Stocks Report Details

USDA has issued new numbers on peanut stocks. They say the stocks of peanuts because of the big crop last year are higher, but lower usage is being reported. They said the U.S. peanut export forecast has been reduced to a billion pounds. Now all the way down to 1.3 billion pounds total, the U.S. has exported fewer peanuts, down 17%, for …