PEANUT STOCKS AND PROCESSING REPORT– USDA’s Peanut Stocks and Processing Report shows for the month of June 2026, the 11th month of the marketing year, peanut stocks in commercial storage totaled 3.61 billion pounds equivalent farmer stock, compared to 2.42 billion pounds last year, UP 70%.  Total – 2.66 billion pounds of farmer stock, UP 83.4%..

                Shelled peanuts farmer stock equivalent totaled 910 million pounds, UP 30%, compared to last June.  Roasted stocks were 43.9 mil lbs., down 0.7%.  Total shelled peanut stocks were 684 million pounds, up 36.0%.  655 million pounds were edible grades, UP 37.6% compared to June last year. Oil stocks are 29.1 million pounds, UP 7.4%.  Edible stocks of shelled peanuts by type, Virginia & Valencia stocks are at 129 million pounds, UP 104%. Runners were 492 million pounds, UP 31.0% and Spanish totaled 34.7 million lbs., UP 6.4%.

                 In June, shellers milled 454 million pounds, 12.1 % more than last June. Commercial processors utilized 206 million pounds of shelled edible peanuts, up 6.7 more than last June.

                May government purchases were 1.900 million pounds of peanut butter. Same as last month.  For the 11 months, government purchases totaled 23.87 million pounds of peanut butter and 388,800 lbs of roasted peanuts, down 4.4% vs last year.

Month(1000 #)

Peanut candy

Snack peanuts

Peanut butter

Total edibles

In-shell P'nuts

August 25 – June 26

348,710

423,292

1,407,786

2,248,656

139,272

August 24 - June 25

358,741

388,832

1,336,374

2,139,446

122,232
 

DOWN – 2.8 %

 UP + 8.8 %

UP + 5.3%

UP + 5.1 %

UP + 13.9%

Jun 25 vs Jun 26

Down -12.4%

UP  + 5.6%

DOWN – O.5%

UP  + 5.1%

UP + 1.5%

                Stocks and Processing - Raw peanuts in primary products are UP 5.1% Aug-June compared the same 11 mo. of 2025-26.  Peanut butter usage is UP 5.3% for the period.   Peanut Snacks usage is UP 8.8 and another good month.  Peanut candy is down 2.8% and a disappointing June drop vs last June of 12.4%.  In-shells are showing a good market, up 13.9%.

                BROKER VIEW:  Despite the USDA reporting domestic demand being up 5.10%, manufacturers, especially peanut butter manufacturers, will tell you that demand is at best flat and probably down. This in turn results in a lack of demand which will probably last through the end of the year if not end of 1st quarter 2027. Prices do not seem to matter. Demand is just not there. Shellers are probably long, but unsure about the 2026 crop outcome.