USDA: Weekly National Peanut Prices
The following prices are effective from 04/19/17 at 12:01 am Eastern Time until midnight Tuesday 04/25/17. The next announcement is scheduled for 04/25/17 at 3:00 pm Eastern Time.
* $424.43 per ton for Runner peanuts
* $409.00 per ton for Spanish peanuts
* $429.97 per ton for Valencia peanuts
* $429.97 per ton for Virginia peanuts
These prices are used to determine alternative loan repayment rates for marketing assistance loans and to determine loan deficiency payments. The NASS publishes estimates of the average prices received by farmers for peanuts each week.
The bulls were again winners in an exciting week for longs and producers. In last week’s report, I said the markets bias would be near unchanged to a bit lower.