News Archive

News Archive

ADM/Golden Peanut Acquires Harrell Nut Company

November 04, 2014

On October 31, 2014, Golden Peanut Company, LLC, a subsidiary of ADM announced that they had acquired Harrell Nut Company.  They also announced that with the acquisition, they would be changing their name to Golden Peanut and Tree Nuts.  A copy of the press release can be downloaded from the 'Presentations & Articles' page of this website.

The September Cold Storage Data Sends Mixed Signals

October 24, 2014

The USDA, National Ag Statistics Service released their September Cold Storage Holdings this past Wednesday.  Using their figure, the 2014 US supply situation shapes up as follows (inshell basis):          



2013 Carry-Out


'Those Who Fail to Learn From History Are Doomed to Repeat It'

August 28, 2014


‘Those who cannot remember the past are condemned to repeat it.’ (George Santayana-1905). In a 1948 speech to the House of Commons, Winston Churchill changed the quote slightly when he said (paraphrased), ‘Those who fail to learn from history are condemned to repeat it.’

Domestic Pecan Consumption Continues to Increase

July 23, 2014


Normally I would not post two Pecan Market Updates within a week of each other, but due to numerous calls I’ve received since the release of the June Cold Storage Holdings yesterday, I felt it would be helpful to do so.

USDA Releases Final 2013 Pecan Crop Figures

July 17, 2014


The USDA published the long awaited, much anticipated, 2013 final crop figure.  They estimated the 2013 pecan crop to be 266.3 million pounds (inshell basis). While earlier industry estimates had put the crop as low as 170 million pounds, based on Customs and Foreign Ag Statistics Data published over the past six months, it had become obvious that the crop had to be significantly larger.  While it will be several months before we have a final 2013 carry out figure, based on today’s release, 2013 total supply shaped up as follows:

                                                Component                             Quantity

                                    2012 Carry-Out                                      175,003,000

Pecans Continue to be the "Best Buy' for the Money

June 24, 2014

The Tri-State Growers concluded their annual meeting Friday with the first grower estimate of the 2014 pecan crop.  Using their figure, the 2014 US supply situation shapes up as follows (inshell basis):     




2013 Carry-Out (NFF Estimate)


US Pecan Consumption Continues at a Healthy Pace

May 08, 2014

One cannot increase consumption without adequate supply.  Barring the introduction of artificial outside influences such as price supports, protective tariffs, etc., this is always true.

Near Record February Pecan Cold Storage Holdings

March 21, 2014


While the industry will not get a formal USDA crop estimate until July, with each passing day it is becomes more apparent that this year’s crop was much larger than originally forecast. Not only does it appear that Mexico had a larger than originally projected crop, but many within the industry now agree that both Georgia and New Mexico did as well. Even though uncommitted US inshell inventories continue to decline, mainly because China has stepped back into the market, cheap Mexican meats continue to come across the border at prices well below the current market. Adding to the problem is the addition of several new Shellers, who, hungry to enter the meat market at whatever cost, have also contributed to the current market malaise.

While Exports to China May Be Down, US Consumption Continues to be Strong

February 21, 2014

While the December export figures continue to show a decline in pecan exports over the same period a year ago, almost all of the decline can be attributed to the reduction in the amount of inshell purchased by China; down approximately 46%. This has not only resulted in low field prices, but has kept meat prices competitive with almonds and walnuts. As such, even though this year’s crop is approximately 170 million pounds smaller than the 2012 crop, the reduction in China’s purchases has allowed US Sheller’s to maintain, and in some cases expand, their meat sales to Europe and the US market.