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
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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
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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.
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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
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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.
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CHINA: Larger crop than last, at the end, market flatBREAKING NEWS  

Large crop, large area, unfortunately rain during harvesting is never positive. Since last week rainfalls have delayed, stopped harvesting. This situation endures in most provinces in Northern China, Liaoning, Jilin ETC.. Hsuji (runner) type of peanuts id specially the most affected. Farmers are expecting higher prices so very little activity, good quality peanuts will remain a challenge; situation to watch...
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