South Africa: USDZAR up to 15,50 and peanut crop down 66 percent ↑BREAKING NEWS 

CEC latest issued their 6th estimates on July 25, 2019 crop calling for a crop of 18.880 tons down 66.88 percent vs. last year. We believe that actual crop output could be as low as 15.000 metric tons. Things have not changes in South Africa. Buyers will need to import a lot of peanuts (at least 50.000 mt) from African countries and other main edible countries like Argentina or Brazil.
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ARGENTINA: Positive news weather is settling down to allow proper harvesting, mixed/bullish ↔ ↑BREAKING NEWS  

Positive news weather is settling down to allow proper harvesting. Negative point is that after the rainy period of at least 20 days on the dugged 70 per cent of the crop, farmers and shellers are realizing now the quality issues that might be adding to the already reduced tonnage outcome. Nevertheless situation isn’t clear at this moment in order to quantify available exportable edible surplus.
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South Africa: harvesting disappointing for dryland yields, bullish ↑BREAKING NEWS  

In contradiction with the latest official crop estimates of 88'000 metric tons production , local peanut experts foresee much less total output and talking about numbers below 60'000 metric tons... Yields on the dryland fields seem to be far below the expected 1'300 kg but more likely between 500 kg and 1'000 kg. Yields on irrigation are normal but not excessive... We would not be surprised to see total crop slightly above the 50'000 metric tons We do not expect the origin offering new crop until the month of June 2018... To be continued
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