American peanut stocks: Utilization down 1%, 5.5Bln pounds in storage

Published 2021년 12월 27일

Tridge summary

As of November 30, 2021, peanut stocks in commercial storage significantly increased to 5.54 billion pounds from 4.50 billion pounds a year earlier. The stocks consist of 4.85 billion pounds of actual farmer stock and 668 million pounds of shelled peanuts. Edible grade stocks made up 502 million pounds, with 473 million pounds being consumed as food and 29.1 million pounds being used for oil. Commercial processors utilized 199 million pounds of shelled edible grade peanuts in November for various products like peanut butter, candy, and snacks, while 52.2 million pounds were crushed for oil and cake and meal. Deliveries for the Government Domestic Feeding and Child Nutrition Programs reached 4.47 million pounds of peanut butter and 77.8 thousand pounds of roasted peanuts. Additionally, the article notes a slight increase in treated seed stocks to 1.19 million pounds from 858 thousand pounds in October 2021.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Peanut stocks reported in commercial storage on November 30, 2021 totaled 5.54 billion pounds of equivalent farmer stock, compared with 4.50 billion pounds a year ago. This total includes 4.85 billion pounds of actual farmer stock. Shelled peanuts on hand totaled 668 million pounds of farmer stock equivalent. Roasting stock totaled 23.7 million pounds. Shelled peanut stocks totaled 502 million pounds of which 473 million pounds were edible grades and 29.1 million pounds were oil stocks. Edible grade stocks by type included 75.3 million pounds of Virginias and Valencias, 374 million pounds of Runners, and 23.5 million pounds of Spanish. Millings in November totaled 410 million pounds. Millings by type were 63.2 million pounds of Virginias and Valencias, 329 million pounds of Runners, and 17.0 million pounds of Spanish. Commercial processors utilized 199 million pounds of shelled edible grade peanuts during November. Utilization by type was 112 million pounds for all peanut butter ...

Source: Agfax