News Archive

News Archive

August Cold Storage Holdings Seem to Indicate Stable Pricing in the Months Ahead

09/23/2019

At the conclusion of the National Pecan Sheller’s annual meeting, the association projected a 2019 US crop of 303,275,000 lbs.  As part of their estimate, they projected a 2019 carry-in of 180 million pounds.  Based on today’s release of the August Cold Storage Holdings, that figure should be…

Under the Guidance of the American Pecan Council, the Pecan Industry is Laying a Solid Foundation for the Future

08/22/2019

Having just returned from what turned out to be a very productive American Pecan Council meeting as well as the industry’s second Pecan Congress, one cannot help but be impressed with the progress that the industry has made over the past twelve months.  New kernel and inshell standards have been…

US Domestic Consumtion, As Well As Kernel Exports, Projected to Reach New Highs

07/24/2019

*** Note: The original newsletter had three graphs embedded in the text of the document.  Those graphs can be downloaded from the 'Market Conditions' drop-down tab on the Pecan Crop Statistics page. Being somewhat of an optimist, I always try to find the silver lining in a storm cloud. …

Domestic Consumption Soars based on USDA Data

06/21/2019

Good information is essential to running a successful business, especially in the pecan industry; an industry historically starved for good data.  While the American Pecan Council (APC) is slowly changing that, there are still some sources out there that don’t seem to get it.  Such was the case…

While Consumption Continues to Increase, the Industry Still Faces an Over-Supply Situation

05/15/2019

With the release of the March American Pecan Council (APC) data, and contrary to what some have recently reported, the industry continues to find itself in an oversupply situation. Fifty-two percent of the total supply is still without a home. Based on the APC data, 40.1% of the inventory…

March Cold Storage Holdings the Third HIghest ever. However, Comsumption also Appears to be Higher.

04/22/2019

The USDA NASS released the March Cold Storage Holdings today, and as might have been expected, revised upward the February holdings by approximately ten million pounds (inshell basis).  Why was this expected, because of the American Pecan Council report for February.  With the exception of…

The American Pecan Council convenes the Pecan Industry's first-ever Pecan Congress

04/11/2019

For the better part of the past fifty years, the pecan industry has struggled to find its identity.  Unlike the almond and walnut industries where both grower and processor shared common geography, labor costs, environmental laws, etc., the pecan industry, due to its geographic reach, was…

From the 'Hen' House - USDA Revised 2018 Pecan Crop Figures and their Impact on the Market

03/28/2019

There continues to be a lively conversation within the industry relative to total supply and consumption.  The recently revised USDA/NASS 2018 crop estimate did not seem to help much.  Due to weather related losses, they reduced their October estimate from 278.9 to 221.2 million pounds (inshell…

Welcome to the 'Hen House'

03/15/2019

“The only thing necessary for the triumph of evil is for good men to do nothing” – William Burke While the actual originator of the above quote has been widely debated, its relevance has not. Too many times, especially in today’s politically correct society, rather than confront…

USDA NASS Finally Releases December 2018 Cold Storage Data

02/22/2019

The USDA finally released the December 2018 Cold Storage figures (January numbers are scheduled for release on March 7, 2019), and as expected, inventories continue to be running ahead of last year; 194.9 million pounds (inshell basis) vs 183.9 million pounds.  As has generally been the case…