News Archive

News Archive

June Almond Shipments Down

06/10/2010

A weak Euro and the default of a major European trader have helped to weaken the Almond market.  For the first time in months, Almond shipments were down from year ago levels (from 119.4 million pounds in June 2009 to 91.9 millions pounds in June 2010).  As such, prices have also fallen.  While…

Chinese exports set another record

03/15/2010

As expected, the Chinese continue to set new purchasing records for both inshell and shelled Pecans.  Based on FAS figures released last week for the 2009 crop year to date (August 1, 2009 - January 31, 2010), the Chinese have already purchased almost 63…

Most Nut Markets Continue to be Impacted by Firm Prices and Inventory Shortages

02/26/2010

PECANS Because most consumers have yet to deal with $5 Pecans, consumption continues to be very strong. As it will be several more months before current prices filter down to the consumer level, consumption should continue to be strong well into the summer.  Shipments to…

Pecan Market Update

02/17/2010

Based on the most recent Foreign Ag Statistics Service data, between August 1, 2009, and December 31, 2009, Pecan shipments to China hit a new record; up 300% over the same period a year ago.  Further, more product was shipped during that period than was shipped during the entire 2008 crop year…

Chinese purchases direct from the orchards are having a disasterous impact on the Pecan market

12/16/2009

This past Friday, as expected, the USDA reduced their estimate of the 2009 Pecan Crop to 301.2 million pounds (inshell basis) from their previous estimate of 309.2 million pounds.  Based on current projections, this is how the supply situation shapes up:…

Nut Market Update

10/27/2009

PECANS Based on the most recent Cold Storage figures, it would appear that the industry shipped a record 429 million pounds (inshell basis) of Pecans in 2008/2009.  With the current 'on-year' crop estimated to be approximately 309 million pounds (USDA October estimate),…

The USDA released the first of their three 2009 Crop Estimates

10/12/2009

The USDA released the first of their 2009 Pecan Crop estimates this past Friday estimating the crop to be 309.2 million pounds (inshell basis).  If this figure is correct, when one combines it with an estimated 2008 carryout of 85 million pounds and the140 million pounds of Mexican inshell that…

Pecan Crop Update

09/15/2009

The National Pecan Sheller's Association completed their semi-annual meeting this past weekend with their estimate of the 2009 Pecan Crop.  Based on their member estimates, they expect the 2009 US Pecan crop to be around 347 million pounds (inshell basis).  Should the crop come in as they…

Nut Market Update

07/16/2009

ALMONDS On June 30, 2009, NASS released their 2009 Objective Almond Crop estimate projecting a crop of 1.350 billion pounds (kernel basis).  This is down 7% from the May Subjective Estimate and approximately 17% lower than 2008 crop receipts (currently 1.612 billion…

Pecan Market Update

07/14/2009

Today the Texas Pecan Growers concluded their annual meeting with their estimate of the 2009 Pecan Crop.  As usual, estimates were provided by both Kenneth Pape and Kyle Brookshier.  Based on their figures, the supply situation could shape up as follows:…