News Archive

News Archive

Pecan Consumption Continues at Record Pace

05/14/2021

On May 5, 2021, the USDA released their final estimate of the 2020 pecan crop.  Based on their data, the 2020 crop came in at 305.36 million pounds (inshell basis). Using NASS cold storage data, as well as APC inventory figures, the extrapolated supply situation shapes up as follows:…

Both the USDA and APC February Inventory Figures Indicate Both Increased Domestic Pecan Consumption and Increased Exports

03/29/2021

Last week’s release of the USDA Cold Storage holdings contained nothing but good news.  Not only were the February holdings lower than the previous year, but it was also the first time in fifteen months that the figures were lower than the previous years’ holdings.  Based on the February APC…

The Pecan Industry May Have Turned the Corner Even Without a Healthy Food Service Industry

03/08/2021

While it is still too early to say that the worst is behind us, recently available data would seem to indicate that the industry may have finally turned the corner.  Based on January USDA FAS data, as well as USDA NASS Cold Storage figures, it would appear that for the 2020 crop year, overall…

The Pecan Market Continues to Firm Even with a Larger Than Projected Mexican Crop

01/25/2021

On January 21, 2021, the USDA released their 2020 preliminary crop production forecast projecting a final crop of 302.35 million pounds (inshell basis).  This will be the last USDA estimate until they publish their final crop figures in June. Based on currently available information, the supply…

Prices Firm as the Poor Quality of the Mexican Crop Leads to Shortages of Large Halves

12/22/2020

On December 10th, the USDA released their December Crop Forecast estimating the US Pecan Crop at 306.5 million pounds (inshell basis).  This is a 5% increase over their October estimate and 20% over last year’s crop.  It is important to remember that the USDA only provides estimates…

It's Time That Certain Segments of the Pecan Industry Enter the 21st Century

11/09/2020

While reading the October issue of The Pecan Grower magazine, I was struck by several comments in the article authored by Dr. Lenny Wells.  The one that jumped off the page was the comment on sheller participation on the Board of the American Pecan Council, “The biggest gripe most…

USDA Releases Final 2019 Crop Cold Storage Holdings

10/22/2020

The USDA released the September Cold Storage Holdings today, the final report for the 2019 crop.  While the industry may be entering the fourth year of a depressed market, there was good news in the numbers.  The following is an overview of the supply and consumption situation based on today’s…

Pecan Consumption Up

09/15/2020

While the 2019/2020 marketing year will probably go down as one of the strangest in history (someone suggested that if it were a movie, it would be the equivalent of Deliverance), there were a number of positives to come out of it. First, even with the Chines/US tariff, based on USDA…

June Cold Storage Holdings and Texas Pecan Grower's 2020 Crop Estimate Highlight Continued Oversupply Situation

08/03/2020

With yesterday’s release of the June Cold Storage Holdings, the industry’s supply and consumption picture got a little clearer. When combined with the Texas Pecan Grower’s Association (TPGA) 2020 crop estimate, the supply situation shapes up as follows:           …

Pecan Exports Continue to Out-pace 2019 Levels While the Industry Wrestles With Supply Issues

06/23/2020

For those who might have missed it, the USDA NASS published the Noncitrus Fruits and Nuts 2019 Final Summary back on May 5, 2020. Historically, the crop final was published in July; however, to bring the report more into line with current planting and harvesting schedules, they published the…