November is upon us! This year it actually feels like November here in California. We have had patchy follow-up rainfall after the “Atmospheric River” experience a week ago and more patch rain expected over the next few days. Great news, our fire season has officially come to an end. Now, with so much ground cover burnt away, concerns for mud slides and debris fields will need to be watched out for.
The market for almonds continues to try to find equilibrium. Limited buyers and sellers are active at these still historically low prices. As we enter the holiday season little change is expected. While storage space is reportedly tight, this will be sorted out as we ship almonds through the next two months. By January, this will be resolved for most suppliers. January also represents the wettest month for California and by then we will have a clear picture on the drought concerns for the coming 2022 growing season. With luck, this winter will bring some much-needed rain. While some rain will not end our drought, it could give growers some respite. It’s important to remember California gets 50% of its water from the Sierra snowpack. So, snow levels need to be followed just as closely as rain.
Each day on national news we see stories about the ports and the tremendous back up of containers sitting in storage waiting to be picked up. This does not even consider the hundreds of container ships still waiting to deliver even more goods. It is clear that this will not be sorted out any time soon.
Some of the Growers that were reluctant to sell a few months ago as they were unsure of the crop are now willing sellers. However, some buyers are now hesitating or are covered for the short term. Some that are covered through 2021 are now choosing to hold off despite lower levels. The November shipping report could help to settle the market and allow business to resume.