September 2012 Pecan Crop and Market Update
09/26/2012
Last week the National Pecan Sheller’s Association ended their annual meeting with their estimate of the upcoming Pecan crop. At 309 million pounds (inshell basis), their estimate was the highest of the pre-harvest crop estimates. Averaging their estimate with those of the Tri-State and Texas…
Almond, Walnut & Pistachio Harvest Update
08/31/2012
ALMONDS While many within the industry had projected a smaller 2012 Nonpareil crop, early harvest results have tended to show both lower yields and smaller sizes than expected. With the Nonpareil harvest about 50 to 60% complete, the average kernel size is…
The 2012 Pecan Crop-Challenges & Opportunities
08/07/2012
Mother Nature has again thrown the Pecan industry another curve. Based on recent Grower estimates, it would appear that this year's 'off-year' crop could actually be larger than last year's 'on-year' crop. While the harvest is still several months away, and whether the current supply pattern is…
07/08/2012
On Friday, July 6, 2012, the USDA published the final crop figures for the 2011 Pecan Crop. Based on their survey, the 2011 US Pecan Crop topped out at 269.7 million inshell pounds. This is only 1.7 million pounds less than their March 2012 revised estimate, and as such, will have little impact…
06/22/2012
The Tri-State Growers concluded their annual meeting last week with the release of the season's first 2012 Pecan Crop estimate. Based on input from their members, they are projecting a 2012 crop of 265 million pounds (inshell basis). When one considers the severe drought conditions experienced…
05/25/2012
Based on the recent Cold Storage Report, it would appear that the severe drought that plagued the industry last year is still having an adverse impact on the Pecan market. The recently released figures indicate that worldwide Pecan consumption is off by almost ten percent. While the record high…
USDA releases their 2012 Subjective Almond Crop Estimate
05/06/2012
On Thursday, May 3, 2012, the USDA released their 2012 Subject Almond Crop Estimate forecasting a crop of 2.0 billion pounds (kernel basis). This is approximately 1.5% below last year's production and is based on 780,000 bearing acres. After three record crops, most within the industry had…
03/22/2012
Shortly after the release of my March 16, 2012, Pecan Market Update, it was brought to my attention that there was an error in my calculations relative to Total Supply. After correcting the error, the supply situation shapes up as follows:…
03/16/2012
On Thursday, March 15, 2012, the USDA NASS released the long awaited 2011 preliminary crop summary. As expected, their estimate of the 2011 Pecan crop was revised upwards from 251.7 million pounds (inshell basis) to 271.4 million pounds. Normally this type of an increase would lead to a…
02/23/2012
On Tuesday the National Pecan Sheller's Association released their best guestimate of the 2011 Pecan crop estimating the crop to be 280.5 million pounds (inshell basis). That figure is slightly higher than the October USDA estimate of 251.7 million pounds but is within reason considering that…
