Agfax Buzz:
    July 2, 2013
    ms-peanuts

    Peanuts: Bearish Report, Narrowed Price Ranges With Competitors

    AgFax.Com - Your Online Ag News Source

    By Andres "Hari" Georgalos, Georgalos Peanut World, Argentina

    USDA’s recent peanut report for the U.S. crop is bearish. It estimated a reduction of 33% in plantings when the market expected between 35% and 40%.

    The U.S. crop will continue leading the market and its price tendencies.

    The market will feel the impact for the peanuts that are already in the loan (1.061.115 short tons farmers stock at June 26, 2013) and for the production in the 2013 U.S. season.

    As per U.S. analysts, most of what was planted in the 2013 crop is not contracted. Also, much of the inventory of the loan (2012 crop) is in the hands of the farmers, which also is uncontracted.

    For August shipping positions onwards, the trend is bearish.

    Buyers are convinced that further delay will help, price-wise, with the thinking that in today’s market there basically are enough peanuts.

    Argentina and the U.S., as well as Brazil, are able to offer at least until December shipment. Prices for peanuts from these 3 countries are not so far apart anymore.

    —————-

    GEORGALOS PEANUT WORLD

    An Information Service with Independent Opinion, for the Transparency of the Peanut Market

    DIRECTOR & OWNER: ANDRES HARILAOS GEORGALOS

    BROKERING: PABLO B. GEORGALOS, pbgeorgalos@agora.com.ar

    Sarmiento 1664 – (X5960ETY) Río Segundo – Cba – Argentina

    Tel / Fax: +54 (0) 3572 42 1809, E-Mail: ahgeorgalos@arnet.com.ar

    Skype: ahgeorgalos1, MSN: andreshgeorgalos

     http://www.viarural.com.ar/viarural.com.ar/agroindustria/mani/georgalos/default.htm

     


    Tags: ,

    Leave a Reply

    Name and Email Address are required fields. Your email will not be published or shared with third parties.

    AgFax Peanut News

    Oklahoma: Warm Weather Continues, Crops Need Moisture – USDA9-2

    Florida: Peanut Harvest Underway, Drought Stress Evident In Places – USDA9-2

    Georgia: Crop Suffering from Lack of Rain, Armyworms Damaging Pastures – USDA9-2

    Alabama: Hot, Dry Conditions Persist Across State – USDA9-2

    South Carolina: Corn Harvest Underway, Other Crops Need Moisture – USDA9-2

    Texas: Harvest Progresses, Peanut Diseases in Southern High Plains – USDA9-2

    Virginia: Corn Harvest Gets Started with Dry Weather – USDA9-2

    USDA: Weekly National Peanut Prices9-2

    Alabama: Website Created to Help Navigate Farm Bill9-2

    South Carolina: Crop Production Field Day Set Sept. 25 at Blackville9-2

    Keith Good: Rail Service Problems Persist; Hog Prices Rebounding9-2

    Georgia Peanuts: Anything Ready To Dig?9-1

    Keith Good: Production Costs Out of Balance with Expected Revenues9-1

    Peanut Harvest In N. Fla.; Drought Pushes Digging In Lower SE – AgFax8-29

    Peanut Stocks and Processing: Utilization Up 2%, Stocks at 1.9B lbs8-29

    USDA: Peanut Price Highlights8-29

    Farm Payments to Stakeholders Rise as Gov. Payments Decline – USDA8-29

    Young Farmer in Your Future? – Helping Him or Her is Key to Success. – DTN8-29

    Net Farm Income Forecast to Fall,10.6% Decline Crop Value – USDA8-29

    North Carolina: Peanut Field Day Slated Sept. 4 in Lewiston-Woodville8-29

    Keith Good: Corn, Soybean Farmers May Face Financial Pinch in 20158-29

    Virginia: Fall Armyworm Moth Counts Unusually High8-28

    Alabama: Pesticide Clean Days, Sept. 3-48-28

    Oklahoma: Peanut and Cotton Field Tour, Fort Cobb, Sept. 238-28

    Farm Drones Under Scrutiny: Farmers Impatient for FAA Ruling – DTN8-28

    John Deere Lays Off 460 from Waterloo, Iowa Factory8-28

    U.S. Energy: Retail Gas Prices Follow Crude Prices Lower8-28

    Gasoline Prices: Decline by 2 Cents8-28

    Propane Stocks: Up to 74.7M Barrels8-28

    Diesel Prices: Average Drops a Penny8-28

    Georgia: Summer Drought Plus Heat Putting Stress on Crops8-28

    Keith Good: Map Controversy Puts EPA on Defensive about Water Rule8-28

    Keith Good: Net Farm Income Forecast at $113.2B, Down 13.8% from 20138-27