The peanut market is yet to be settled. Commitments have been made, and all segments need to honor those agreements. Good rains are needed for seed germination. The stage is set for the entire industry to prosper and to make money. A combination of factors worldwide, including strong cotton markets, poor quality from 2010 crops and record consumption, has caused peanut prices to dramatically increase in the last six months. While some analysts predict a shortage of peanuts next season, numbers from USDA do not support this, unless Mother Nature deals an extremely hot, dry summer and producers reduce acreage 20 to 25 percent. It all boils down to the acreage planted to peanuts for 2011. That will set future pricing.
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