Source: Brad Haire, FARM PROGRESS, 8/26/21

If recently published U.S. peanut yield and production forecasts hold up through harvest, the U.S. peanut market is on track to remain more farmer-friendly than it's been in recent years, along with shellers enjoying a solid supply of peanut to keep moving forward. According to the August 2021 Oil Crops Outlook, USDA predicts U.S. peanut growers in 2021 will average 4,183 pounds per acre, or about a 10% higher average yield than last year.

For more of this story, click here.