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Wed Nov 30, -0001 @ 12:00 AM

July Almond Report

Wed Jul 12, 2017 @ 10:07 AM

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

Jul
12

July Almond Report

Substitute beer with “almonds” and wine with “every other tree nut”, and you have a very good grasp of the current market!
 
The NASS objective estimate was released last Thursday and it gave a 2017 crop estimate of 2.25B lbs. This was pretty much what we were expecting - markets have been trading based on a number somewhere between 2.25 and 2.3B lbs. This number solidified those feelings and kept pricing stable to firm.
 
The June position report was released yesterday. Here are the bullet points:

  • 177M lbs. of shipments in June
    • This is especially significant because few people thought we would break last year’s number of 174M lbs.
  • Shipments driven by 65M lbs. from the domestic market
    • This is an all-time single-month record. The previous record was 61M lbs. in October 2012
  • Shipments overall are up 16% YTD, with only one month to go that number is expected to go up even higher

In summary, the increased demand from 2016 is expected to continue into 2017. Almonds continue to be the cheapest tree nut in the world. As long as we maintain this, we can expect to see the demand growth continue. We shouldn’t expect a 16% growth again, but we don’t need a huge increase. The 2017 crop is only around 6% larger than the 2016 crop.