Bill Morecraft
Senior Vice President
The ABC Position Report was released earlier today showing January receipts of 125 million lbs. taking the 2019 crop YTD receipts to just over 2.5 billion lbs. The likely final crop may be closer to 2.55 billion lbs., as most huller shellers discontinued production in January. Overall shipments for January were up 5%, leaving YTD shipments up 4.3%. January U.S. shipments bumped up by 7.6% over last year with export shipments up by 1.5% for the month. Commitments were strong in January at 210 million lbs., leaving YTD commitments 61 million lbs. and 11.2% up over last year. Export commitments crept into positive year over year territory, while U.S. commitments remain 20% ahead of last year…[Read More]