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USDA Southeast US Peanut Oil & Meal 09/24 14:56
TV_FV143
THOMASVILLE FEDERAL-STATE SEPTEMBER 24, 2004
LOCAL PRICES IN SHIPPING SECTION, September 23, 2004. Based primarily
on the information by peanut millers and brokers. Prices represent
sales F.O.B. shipping point per pound.
SOUTHEASTERN SECTION
Trading was fairly slow during the marketing period of September
17-23 according to marketing sources when contacted at the end of
the week for sales activity. Demand was good on light supplies of
2003 crop, light on 2004 new crop. The market undertone was
steady on 2004 crop, firm on 2003 crop. Buying interest was
centered around the light remaining supplies of 2003 crop for
prompt and nearby delivery. There were a few buyers requiring
inventory coverage for the next thirty days or so. This was
necessitated with the delay in the peanut harvest due to the recent
rainfall for Hurricane Frances and Ivan. Sheller offerings for 2004
new crop were readily available for the majority of the week with
light buying interest. By the close of the trading period, some sheller
offerings were pulled from the trading market due to the potential of
rainfall from Hurricane Jeanne. The reported sales for 2003 crop
represented moderate volume. Moderate volume was also noted on
the sale of 2004 crop. Sales were cents per pound, 2003 crop unless
otherwise stated.
RUNNER TYPE
SHELLED
Jumbo Prompt, October (wide range in prices)
42-45 deliveries with EU specifications mostly 44-45
Medium Prompt Too few sales to establish a market
No. 1 Jan-Aug (2004 new crop) 37
U.S. Splits Prompt 39
VIRGINIA-NORTH CAROLINA SECTION
Trading was slow during the marketing period of September 17-23
according to marketing sources when contacted at the end of the
week for sales activity. Demand was light. The market undertone
was steady. Buying interest was centered around the light remaining
supplies of 2003 crop for prompt and nearby delivery. There were a
few buyers requiring inventory coverage for the next thirty days or
so. The reported sales for 2003 crop generally represented light
volume. Sales were cents per pound, 2003 crop unless otherwise
stated.
VIRGINIA TYPE
UNSHELLED
Jumbo Prompt, October 44-45
Fancy No sales reported
SHELLED
Extra Large Prompt few trucklot sales 55
Medium Prompt few trucklot sales 42
No. 1 with splits No sales reported
No. 2 with 70% splits or better
Jan-Sept (2004 new crop) 38
No. 2 with 80% splits Prompt few trucklot sales 37
SOUTHWESTERN SECTION
Trading was very slow during the marketing period of September
17-23 according to marketing sources when contacted at the end of
the week for sales activity. Demand was light. The market
undertone was steady on 2004 new crop. Sheller offerings of 2004
crop were adequately available during the course of the week. The
reported sales for 2004 new crop represented light volume. There
were a few sales reported on 2003 crop but the volume was very
light representing only a few trucklots. Sales were cents per pound,
2003 crop unless otherwise stated.
SPANISH TYPE
SHELLED
Jumbo Nov-Sept (2004 new crop) 44
No. 1 Oct-Feb (2004 new crop) 42
U. S. Splits No sales reported
RUNNER TYPE
SHELLED
Jumbo Prompt Too few sales to establish a market
Medium Prompt Too few sales to establish a market
No. 1 No sales reported
U.S. Splits No sales reported
PEANUT OIL Southeast
Trading was very slow during the marketing period September 17-
23 according to marketing sources when contacted at the end of the
week for sales activity. Demand was very light at the current price
offerings. There were occasional sales reported which represented
only a few railcars. Additional offerings were available at the close
of the trading period at approximately the same price level of the
earlier sales. Sales of peanut oil were fob plant basis cents per
pound few railcars prompt delivery 55.
PEANUT MEAL Southeast
Trading was inactive during the marketing period of September 17-
23 according to marketing sources when contacted at the end of the
week for sales activity. Peanut meal offerings for prompt or nearby
delivery were very light during the trading period. There were no
sales reported during the trading period.
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