Concerns Over Mexican Crop Keep Market Firm in the Face of Projected Good 2017 Supply
08/23/2017
To say that China’s entry into the pecan market has been a double-edged sword would be an understatement. Their appetite for large, high quality, high yielding inshell, and their willingness to pay exorbitantly high prices to get it, has not only reshaped the US pecan market but has led to…
Pecan Market Remains Firm Even With Record Mexican Imports
07/25/2017
Yesterday’s release of the July Cold Storage figures contained nothing that should dramatically change current market pricing. While overall inventories increased slightly over the same period a year ago, this is probably due to the record amount of product continuing to enter the US from…
USDA Releases Final 2016 Pecan Crop Estimate - 268.77 Million Pounds (Inshell Basis)
06/28/2017
The USDA released their annual Noncitrus Fruit and Nuts 2016 Summary a few weeks early this year. Based on their survey figures, they estimate the 2016 crop to have been 268.77 million pounds, inshell basis, up from their October estimate of 262.7 million pounds. Based…
06/23/2017
The past few weeks have been full of good news for the pecan industry. Overall exports are up, overall exports to China are up, meat sales to China are up, and even with high pecan prices, overall pecan shipments continue to be good. Further, while domestic consumption is still down 10.9%…
Domestic Pecan Consumption Continues to Shrink in the Face of Increased Demand From China
05/22/2017
Based on today’s release of the April Cold Storage Holdings, as well as currently available data, it would appear that overall pecan consumption is only down about 7%. When one considers current pricing levels, and the fact that the industry lost about 10.5% consumption last year, this is…
2016 Mexican Crop Sets New Record as China's Appetite for Shelled Pecans Contiues to Increase
05/08/2017
Back in September, during their annual meeting, the Mexican pecan growers projected a 2016 crop of approximately 270 million pounds. After two consecutive years of record crops, many within the industry greeted the estimate with skepticism even though it is common knowledge that plantings in…
While Pecan Shipments Continue to be Good, US Domestic Consumption Continues to Fall
04/04/2017
On Thursday, March 23, 2017, the National Pecan Sheller’s Association estimated the 2016 US Pecan Crop to be 286.7 million pounds (inshell basis). Based on their figures, this is how the US supply shapes up: 2016 Carry-In 130,007,180 2016…
Pecan Prices Remain Firm Even With Near-Record Cold Storage Holdings
02/28/2017
This past Thursday, the USDA released the January Cold Storage figures. As has been the case for the past several months, supplies are still running well ahead of last year; 284.8 million pounds vs. 260.9 million pounds (inshell basis). While prices continue to be firm, there has been some…
USDA Releases December Cold Storage Data-Record Inventories & Record Prices
01/25/2017
As the harvest slowly concludes in both Mexico and the US, demand continues to be good. As expected, exports to China were good through November; up approximately 40% over the same period a year ago. Further, overall exports were also up. However, all of the increase can be attributed to China…
November Cold Storage Holdings; the Second Largest for a November Ever
12/23/2016
Based on the October FAS export figures, overall consumption continues to be down; currently running about 11% below the same period a year ago. The report also shows that shipments to China were down. However, because the harvest started so late, that was not much of a surprise. Based on…
