US Walnuts, Crop Crop Report
Overview
The walnut market is currently in a state of flux. There is a lot of uncertainty about the size of the California crop, and this is making it difficult to predict prices. Some packers are offering prices for new crop, but these prices are purely speculative and could backfire.
Crop Size
The California walnut crop is expected to be larger this year than last year. This is due to a number of factors, including good weather conditions and an increase in plantings. However, it is still too early to say for sure how large the crop will be.
Pricing
The price of walnuts is expected to be lower this year than last year. This is due to the larger crop size and the uncertainty in the market. However, if the quality of the crop is good, prices could be higher than expected.
Outlook
The walnut market is expected to remain volatile in the near future. This is due to the uncertainty about the crop size and the ongoing trade war between the United States and China. However, the long-term outlook for the walnut market is positive. Walnuts are a healthy and popular snack, and demand is expected to grow in the coming years.
Conclusion
The walnut market is currently in a state of flux. However, the long-term outlook for the market is positive. Walnuts are a healthy and popular snack, and demand is expected to grow in the coming years.
Comments from Packers
"It is far too early to speculate on New Crop pricing."
"If prices continue to be thrown out there at lower levels than growers are hoping for, they will not harvest."
"Walnut growers have been losing money for the last 3-5 years and they're in survival mode right now."
"I still think prices will stay cheap for another 6 months to a year."
Recommendation
If you are considering investing in the walnut market, it is important to do your research and understand the risks involved. The market is currently volatile, and prices could go up or down. However, the long-term outlook for the market is positive. Walnuts are a healthy and popular snack, and demand is expected to grow in the coming years.
Additional Information
The Walnut Board meeting on the 20th of June is expected to provide more clarity on the size of the California crop.
The price of walnuts is currently being influenced by a number of factors, including the trade war between the United States and China, the weather conditions in California, and the demand for walnuts in other parts of the world.
It is important to monitor the walnut market closely in the coming months in order to make informed decisions about investment.