Peanut stocks in the US: Utilization up less than 1%; just under 5 billion pounds in storage

Peanut stocks reported in commercial storage on January 31, 2022 totaled 4.96 billion pounds of equivalent farmer stock, compared with 4.14 billion pounds a year ago. This total includes 4.25 billion pounds of actual farmer stock. Shelled peanuts on hand totaled 682 million pounds of farmer stock equivalent. Roasting stock totaled 26.7 million pounds. Shelled peanut stocks totaled 513 million pounds of which 485 million pounds were edible grades and 27.4 million pounds were oil stocks. Edible grade stocks by type included 75.6 million pounds of Virginias and Valencias, 373 million pounds of Runners, and 36.4 million pounds of Spanish. Millings in January totaled 494 million pounds. Millings by type were 58.3 million pounds of Virginias and Valencias, 435 million pounds of Runners, and 90.0 thousand pounds of Spanish. Commercial processors utilized 199 million pounds of shelled edible grade peanuts during January. Utilization by type was 115 million pounds for all peanut butter ...