ARGENTINA: Last week end scattered showersBREAKING NEWS ↑  

After the few showers that happened last week end; 10mm in the north and 15-20mm around Rio Cuarto. Latest rain covered only 30% of the peanut fields. Bulk of the crop is still under light stress. Below report from our local experts: Several weeks have been passed without a decent rain in the peanut area.  All rain activities so far have been scattered showers, except for few exceptions, that provided limited or no rainfall. Weather forecast expect same pattern for another week , scattered showers with limited rainfall. By the 6/7th of March there is a possibility of decent rains but again not covering all areas. The crop in the Centre to South Peanut Belt has deteriorated. Peanuts that have been planted in October have no time now to get a decent recovery. Potential Yields At this stage is fair to expect that 2018 crop yields (average)will not be much above 2600 kgs. If we compare it with 3600 kgs of harvested area last year, you can see that production will fall, despite the planting increase of 5%. Production estimation at this stage: 2018 crop tonnage will be around 1.0 M(in shell basis) providing normal weather happens from early March till harvesting is completed. The next 2 weeks weather pattern will be crucial for the crop…
Read More

ARGENTINA: Curent crop quality doubtful, new crop’s fear of La Nina; bullishBREAKING NEWS ↑  

Current crop 2017 market, reached bottom we believe, pricing depending on the quality level; substantial differential between grade A and grade B, fear of mold, AFLA and high FFA. New crop 2018 is looking good until now, market fears effects of drought from La NIna climatic influence. To follow carefully; in our view market has reach bottom : USD 1'400 for blanched 40/50 2018 crop
Read More

EUROPEAN MARKET: very quiet, mixedBREAKING NEWS ↔ 

European market: very quiet January and February 2018 , warehouses seem quite full for the time of the year, a very cold February month could trigger some activity, starting with very active birdfood market pushing spot prices slightly upwards; we expect much more activity on the physical market as from March/April 2018 : mixed
Read More

SOUTH AFRICA: total crop production of around 50.000 metric tons

South Africa: following our latest report (2months ago) due to the drought during November and December 2017, planting intentions have been slashed by 40%, from 60.000 hectares down to 36.000 hectares; if everything goes well until the harvesting (May, June 2018) we could reach a total crop production of around 50.000 metric tons; which size will leave rooms for imports as from July-August 2018.
Read More

USA: current crop final 2017BREAKING NEWS 

West Africa: Senegal and Guinea Bissau: weak market mostly due to bumper crops from 1,5 MIO+ in Senegal and 400’000 tons in Guinea Bissau, traditional buyers are the Chinese which unfortunately are not very active for the time being due to the weak Asian peanut and edible oil market. Bearish
Read More

ARGENTINA: Unusual frost and freeze damage during the summerBREAKING NEWS  

Crop development in Cordoba peanut belt in Argentina; since a few weeks the peanut crop is facing a very dry scenario due to the influence of La Nina climate pattern, no rain in most areas and sporadic showers in some areas. The moisture isn’t sufficient in general and the weather forecast for the next weeks isn’t really optimistic. On the top of this, combined with the drought conditions, the weather is too cold due to some Antarctic cold wind influence, temperatures are even freezing at night! Some fields in the far South of Cordoba province are even suffering of frost, freeze damage, which is very unusual during the summer in Argentina.
Read More