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June Almond Report

Mon Jun 12, 2017 @ 10:06 AM

Monte Vista Farming and Growers Take Japan

Wed May 17, 2017 @ 9:05 AM

April Almond Report 4/26/17

Fri Apr 28, 2017 @ 11:05 AM

April Almond Report

Tue Apr 11, 2017 @ 5:04 AM

Brendan O'Donnell Takes Dubai

Mon Mar 20, 2017 @ 4:03 AM

March Almond Report

Mon Mar 13, 2017 @ 11:03 AM

February Almond Report

Fri Feb 10, 2017 @ 10:02 AM

CEO Jonathan Hoff Goes Back To School!

Tue Jan 31, 2017 @ 8:01 AM

January Almond Report

Thu Jan 12, 2017 @ 10:01 AM

CEO Recap: A Review of 2016 and Projections for...

Fri Dec 30, 2016 @ 10:01 AM

MEET FARM TO KIDS!

Fri Dec 23, 2016 @ 10:12 AM

The Land iQ Acreage Tool and New Position Report...

Tue Dec 13, 2016 @ 11:12 AM

Happy Thanksgiving!

Fri Nov 18, 2016 @ 3:12 AM

Almond Report

Thu Nov 10, 2016 @ 2:12 AM

Sometimes I’m not sure if we’re selling...

Tue Oct 11, 2016 @ 2:12 AM

Bill and Hillary Just Saw Our Average...

Sat Sep 24, 2016 @ 2:12 AM

First Position Report of 2016

Fri Sep 09, 2016 @ 2:12 AM

Almond Report

Fri Sep 02, 2016 @ 2:12 AM

It’s time for positive thinking!

Thu Aug 11, 2016 @ 1:12 AM

It's Harvest Time!

Thu Aug 04, 2016 @ 1:12 AM

Almond Report

Thu Jul 07, 2016 @ 1:12 AM

It's Time...Another Marketing Year in the Almond...

Fri Jun 17, 2016 @ 1:12 AM

Almond Report

Fri May 27, 2016 @ 1:12 AM

What Is Happening in the Almond Industry? A Recap...

Thu May 19, 2016 @ 1:12 AM

Push! Push! Get those prices up!! We’re nearly...

Thu May 12, 2016 @ 12:12 PM

What Time Is It?

Thu May 05, 2016 @ 12:12 PM

Almond Report

Fri Apr 22, 2016 @ 12:12 PM

Almond Report

Fri Apr 08, 2016 @ 12:12 PM

Almond Report

Mon Mar 14, 2016 @ 12:12 PM

Almond Report

Wed Feb 24, 2016 @ 11:12 AM

Market Timing - The Dangers of Getting Caught...

Thu Jan 28, 2016 @ 11:12 AM

Almond Report

Fri Jan 15, 2016 @ 11:12 AM

Almond Report

Tue Jan 12, 2016 @ 11:12 AM

Almond Report

Mon Jan 11, 2016 @ 11:12 AM

Almond Board of California Crop Projected...

Wed Jul 01, 2015 @ 12:01 PM

Pallet Tracking Ensures Safe and Timely Delivery

Mon Jun 29, 2015 @ 10:57 AM

Jun
12

June Almond Report

GOOD NEWS TODAY

Almond Report 6/9/17 

The past six weeks included many discussions with traders, buyers and processors all agreeing that April was a very poor shipment month, and May would surely follow; it felt really good to see a shipment number today that surpassed everyone’s expectations (170M lbs.) 
 
At no point over the past month did I hear a single person expect this number (including myself). 
 
Summary of today’s position report and what it could mean:

·      May shipments = 170M lbs. The industry expected 150’s. This will bring stability and firm pricing.

·      Record domestic shipments + record EU shipments (our core delivered a solid performance)

·      Commitments are new this year. We have separated 2016 commitments and 2017 commitments

o   2016 = 384M lbs committed, (a record) means there’s very little remaining to sell for 2016

o   2017 = 209M lbs committed (could mean we’re already 10% sold??)

·      New Sales in May were huge= 144M lbs (34% higher than previous record, only includes 2016 crop)

 

Overall, one of the biggest challenges we’ve faced over the past month was the enormous spread in pricing. In one day, we saw products that should normally be priced about $0.15 apart, sell at the same price. It goes to show the confusion in the market. Some sellers seem desperate to unload inventory taking any bid given, and some sellers holding inventory for what they see as the “right price”. The 2016 crop pricing should become more stable for the remainder of the year.
 
As we look to 2017, we have many unanswered questions, mainly concerning the crop size. In March, most people said the crop wasn’t looking very good, we had a poor bloom, and we should expect a smaller crop than 2016. In April, people said maybe the 2017 crop isn’t as bad as they first thought, but probably still off from 2016, at least on a per acre basis. Today, some are talking about a larger crop than 2016 on a per acre basis, which could start to approach 2.3B lbs. I have a hard time justifying that when we talk with our growers. Most of our growers are thinking the crop per acre is about the same as last year, but with added acreage we could see a mild increase over 2016. Time will tell…