Senior Vice President
Receipts for the 2018 Crop through September trail the prior year by 1%. It is always difficult to draw conclusions from gross receipts this early, though it appears the crop will fall short of the 2.45 billion lb Objective Estimate.
Shipments for September were 89% of the prior year, and trail YTD by 10% and 36 million lbs. The slower shipment pace is driven by shortfalls in China, Turkey, the UAE and the EU. The U.S. market is flat to last year…[Read More]