Wishing everyone a happy Memorial Day holiday, while honouring the men and women who made the ultimate sacrifice while serving in the U.S. military, so that we can enjoy our freedom.
Our weather this last week has been perfect, but Memorial Day marks the beginning of summer and summer it will be with 102 to 106 degrees expected throughout the valley starting Monday!
The month of May has been very strong for current crop sales as well as new crop sales being added on for the fourth quarter (albeit conservatively until more is known of the 2021 crop size). Shipping issues appear worsening, and it remains to be seen as to what effect it will have, if any, on the May position report due in two weeks. This will also be the first glimpse at new crop sales and how it will compare to this time last year.
With the debate over the subjective estimate, the report does not go without it’s share of controversy. What would a subjective or objective estimate for that matter be, if not for controversy? Despite this, we are expecting another large crop, whether it is 3.2 billion pounds or 2.90 billion pounds we will ultimately have as much if not arguably more almonds to sell in the 2021 crop year than we did for 2020. This will allow for a stable market that everyone can depend on.