Planting new crop Argentina almost finished, under good conditions

With some delay, planting of the Argentina crop is progressing now

Smaller peanut crops in India, will put a high bottom in the global market

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.

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

Too much rain the last days over the peanut belt, harvesting process is halted in most areas for a few days… Our ideas are still unchanged with average of 2 metric tons in shell per Hectare; obviously we still have a long way to go and an adequate dry climate is needed for a good harvest.

Thanks to the latest rain relieves throughout the peanut belt, digging starts finally at full swing. Some good fields and bad ones, average expected is unchanged around 2 metric tons per hectare providing the harvesting isn’t an additional problem. To be continued...

Last weekend, finally the Cordoba peanut belt got some rains. Northern part only 5 to 8mm. The center part got the most from 25mm to 40mm. No rain in the South of the peanut belt. More rain forecasted for coming Friday to Sunday. There is no need to say that these late rain will only favor yields of the late planted areas, 10 to 15 per cent of the crop. Rains are positive for the digging, harvesting of some fields and might be negative for the fields already dug and for the fields that had heavy drought stress. At this moment we know very little of the average quality outcome, to be continued…

USDA peanut planting intentions down 18 per cent to 1.54MIO Acres (622’000 Hectares) from season 2017. The last 2 years historic; planted Acres in 2016 1.671 MIO, up to 1.871 MIO in 2017…

In our latest comments, we had some forecasted storms coming this week end in the 'peanut belt'. Unfortunately weather has changed and almost no chance of showers. If rain do not appear this weekend or very shortly, we might face a disastrous scenario. To be continued…