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Market Reports

2021 Archive

Almond Market Report - December 22, 2021

ofi is wishing everyone a Wonderful Holiday Season and a Happy New Year It has been an amazing year and this is a time to reflect and be grateful for our friends and family. California is getting an early Christmas present with yet another winter storm system coming through...


Almond Market Report - December 17, 2021

Holiday Cheers To Everyone.  We are already halfway through the end of the month and 2021 is quickly coming to an end.  I recall last year at this time how excited everyone was that 2020 was almost over and how we all looked forward to the New Year and putting COVID in the rear view mirror....

Almond Market Report - December 10, 2021

Weather in California has been dry, cold and foggy throughout much of the central valley.   However, a large storm is now headed our way with expected precipitation starting Sunday and carrying on into next week....


Almond Market Report - December 4, 2021

We hope everyone enjoyed their long holiday weekend and were able to enjoy the time with family and friends.  We certainly had some great weather for spending time outdoors with temperatures in the 70’s throughout most of the state....

Almond Market Report - November 26, 2021

On behalf of the entire ofi team, we want to wish everyone a Happy Thanksgiving.  We are all thankful for your continued support and wish everyone a safe and healthy holiday season. ...


Almond Market Report - November 19, 2021

Fog has returned to the valley, of the like we have not been seen in many years.  This is attributed to the “atmospheric river” we experienced two weeks ago moistening the ground, followed by cold temperatures...

Almond Market Report - November 12, 2021

Our November weather in California continues to be encouraging. We have had a few more rain showers this week, as well as throughout some of the growing regions of the state.  While there have not been any large storms like we saw in October, we are grateful for any precipitation we can get...


Almond Market Report - November 5, 2021

November is quickly upon us!  This year it actually feels like November weather here in California.  We have had patchy follow-up rainfall after the “Atmospheric River” of a week ago and more patchiness is expected over the next few days...

Almond Market Report - October 29, 2021

Each week we start off talking about our weather here in the west.  This is important to emphasize how critical it is to agriculture in the great state of California; and what weather we had this weekend!...


Almond Market Report - October 22, 2021

It is so refreshing to finally see some wetter weather hit California.  For some areas, it has been over 200 days since they received any rain.  Well, that has all changed this week as we have had as much as 1” to 2” of rain in the Northern part of the state...

Almond Market Report - October 15, 2021

The first two days of the week saw strong winds come through the valley with gusts above 60 miles an hour in some areas.  While there was no precipitation in the valley, there were reports of up to 6” of snow in the northern Sierra’s...  


Almond Market Report - October 7, 2021

As we move quickly into October, we have seen only subtle changes to the weather.  It looks to be an Indian summer in California.  While there was a chance of rain this week, it only resulted in some high clouds and slightly cooler temperatures...

Almond Market Report - September

The 2021 crop season started with record shipments in the month of August of 207 million lbs., up 7.41% over last August...


Almond Market Report - September 30, 2021

September is all but in the books.   Change is certainly in the air.  Temperatures in California are moderating and the wildfires, while still burning, are closer to being controlled.  However, we are not out of the woods yet...

Almond Market Report - September 23, 2021

The weather throughout California has remained hot and dry this week.  There is little in the forecast that shows anything differently for the next 7 days as the drought persists...


Almond Market Report - September 15, 2021

We were awakened to the sound of thunder and bright lightning strikes Friday morning, quickly followed with a cloud burst of rain.  Yes, rain in Northern California after waiting for over five months, it was a beautiful thing!   Hopefully this will be a sign of things to come...

Almond Market Report - September 7, 2021

September is upon us, and while we saw a slight change in the weather with more mild and cooler conditions, it was a brief reprieve. Temperatures have spiked again and remain in +100 degrees up and down the state for the next 5 days, unseasonably hot dry conditions...


Almond Market Report - August 27, 2021

With just one week of August left, almond harvest is in full swing up and down the state. News of smaller kernel sizes continue to dominate the conversation.  At this point, one would have to believe that the larger size kernels will be even harder to find than they were last year...

Almond Market Report - August 2021

The latest information about the overall market situation, insights, and supply-demand trends across the world based on information from the Almond Board of California's July Position Report.


Almond Market Report - August 20, 2021

It may sound like a broken record, but California remains dry, smoky, and dusty. Our brave firefighters continue to battle raging forest fires and while new fires pop up, previous ones remain uncontained...

Almond Market Report - August 13, 2021

The California central valley continues to experience a heatwave with temperatures exceeding 100 degrees over 10 days now.  It is forecasted to continue through the weekend.  Of course, this does nothing to help our situation with wildfires or the drought as concerns continue to escalate...


Almond Market Report - August 5, 2021

The California wildfires continue, with increased lightning strikes last weekend and high winds — exerting their presence and persistence on the state. Many of us up north woke up Monday morning to ashfall, as well as a thin layer of ash covering everything outside. 

Almond Market Report - July 29, 2021

August is quickly approaching, and the almond harvest continues to expand through the growing regions with the earliest varieties currently underway.  Soon the first loads will reach the Huller/Shellers and within the next two weeks we should start receiving new crop at the plant levels...


Almond Market Report - July 23, 2021

Wow, what a week!  Harvest has officially begun around the valley.  Trees are shaking and almonds are falling… to the ground, that is.  If we’re talking about prices, we all know that’s a little different story...

Almond Market Report - July 16, 2021

The USDA/NASS objective estimate was released on Monday.  For the 2021 crop there is an estimated 2.80 billion pounds now expected. This is counter to the subjective estimate in May that called out a possible 3.2 billion pound crop...


Almond Market Report - July 9, 2021

California continues to be in a real swelter!   The Governor of the state is calling for additional watering restrictions as reservoirs fall below 30% to normal...

Almond Market Report - July 1, 2021

With the June shipping report coming out on July 9th and the long awaited Objective Estimate scheduled to be released the following Monday, July is set to bring some fireworks to the category...


Almond Market Report - June 25, 2021

The almond growing season has been excellent thus far despite drought like conditions.  While we have had unseasonably hot temperatures, there have been cool downs at night and the last 5 days the temperatures cooled off to a more reasonable high in the low 90’s and morning lows of 59 degrees.   Unfortunately we are headed back up to triple digits this weekend and into next week...

Almond Market Report - June 17, 2021

The Central Valley will be expecting triple digit temperatures again this week for the next 5 days.  These are unseasonably hot temperatures, well above normal for this time of the year, and will likely set records in many areas.  This leads to increased stress on the orchards and of course more pressure on the water supply...


Almond Market Report - June 2021

The Almond Board of California released the May position report on Thursday, June 10th. Key highlights and observations are available in our latest market report.

Almond Market Report - June 10, 2021

Californians made it through the heatwave last week, we are now enjoying lower to mid-70’s temperatures this week. A short respite before we are back into the high 90’s and triple digits again next week...


Almond Market Report - June 3, 2021

The forecasted triple digits for the valley on Monday did not disappoint.  As temperatures rose well over 100 degrees in most areas throughout the valley, snow pack was being reported at zero for June 1, 2021 across 22 locations in the state.  This is unprecedented as we head into the summer with virtually no runoff from the Sierras...

Almond Market Report - May 27, 2021

Wishing everyone a happy Memorial Day weekend, while honoring the men and women who made the ultimate sacrifice while serving in the U.S. military, so that we can enjoy our freedom...


Almond Market Report - May 21, 2021

California went from the high 90’s last week to an unexpected 6” of snow in the Sierras this week.  Temperatures throughout the valley have dropped to the low 50’s at night to a daytime high of 70 degrees.  No one is complaining after a taste of the summer heat last week...

Almond Market Report - May 12, 2021

This week has brought more summer heat, as temperatures will hit a high of 97 degrees in some areas of the growing region and pretty much stay in the mid to high eighty’s all of next week.  As previously mentioned, drought conditions are grabbing the headlines now.  Throughout the state, water conditions only worsen.  It is very early into the fire season, yet it is already upon us with 13,922 acres burned thus far throughout the state...


Almond Market Report - May 7, 2021

With May already upon us, we are experiencing summer conditions in California. The forecast is for mid-90’s this week and into next week.  With this unseasonably hot weather we are already seeing grass fires in pockets throughout the valley...

Almond Market Report - April 29, 2021

We went from a short spring into summer in the course of a few days.  California saw 75 degree weather last week, followed by rain and snow over the weekend; now we are going to see 90 degrees the rest of the week through much of the valley...


Almond Market Report - April 21, 2021

The California weather continues to astound us with summer-like conditions one day and spring-like conditions the next.  We have seen swings in the temperature in a single day by as much as 40 degrees...

Almond Market Report - April 16, 2021

There has still been no official announcement of a drought in California, but it is only a matter of time.  We continue to have dry conditions throughout the state...


Almond Market Report - April 9, 2021

California saw another blissful week of weather with temperatures running in the mid-70’s and hitting 80 degrees in some areas.  While temperatures do drop to the mid-40’s at night, once the sun comes up we are experiencing beautiful spring-like days..

Almond Market Report - March 31, 2021

The State of California has officially claimed this to be a drought year as we are now in the fourth quarter of our rainy season.  Many water districts are setting water allocations to zero.  Drought conditions are more intense this year than last year...


Almond Market Report - March 25, 2021

March weather has been as close to ideal for growing as one could expect.  While we did have a hail storm here and a few days of rain there, it has been relatively event free...

Almond Market Report - March 19, 2021

The growing season is well underway.  Temperatures dropped this week and we saw some minor precipitation as well as some hail storms throughout various growing regions; however they were thought to be minor with no significant damage to the orchards...


Almond Market Report - March 12, 2021

Almond Market Report - March 4, 2021

Another month is on the books for 2021.  The almond bloom progressed very quickly and is all but complete for the later varieties.  We are seeing increased petal fall each day now and many orchards are showing leaf growth with nutlets forming on the early varieties...


Almond Market Report - February 25, 2021

Almond bloom is in full swing now throughout the California growing regions.  This week's weather has been excellent following some scattered rain on Friday and Saturday.  Since then we have seen temperatures in the mid to high 60’s with the extended forecast showing much of the same for the next 10 days...

Almond Market Report - February 19, 2021

While we see much of the Midwest and East Coast under extreme cold weather conditions, California 's weather has been very mild and we continue to see great bloom conditions...


Almond Market Report - February 11, 2021

The weather in California this week has been nothing short of perfect for the almond bloom.  While there is some rain in the forecast tomorrow, overall the projection is for light showers and then back to low 60’s for the next 8 days...

Almond Market Report - February 5, 2021

Where oh where did January go?  Well, it is in the books and we keep moving forward.  The weather in California last week brought us some much needed rain and snow.  It kept up through Wednesday this week adding more rain and snow to the Sierra’s


Almond Market Report - January 27, 2021

What a difference a week makes.  One of the most significant changes we have seen in a week is our weather.  We went from 70 degree temperatures last  week to the strongest winter storms we have seen all year...

Almond Market Report - January 20, 2021

We have had another warm week in California absent of any rain or snow.  As forecasted last week, we saw temperatures in the valley reach into the 70’s.  This is well above normal for this time of the year...


Almond Market Report - January 2021

The Almond Board of California released the December position report on Tuesday January 12th. Key highlights on receipts, shipments, sales and commitments inside.

Almond Market Report - January 15, 2021

California weather is on everyone’s mind this week as we reach the middle of January and will hit 70 degrees in the central valley.  While it may be enjoyable for us humans, it is not advantageous for our plant life...


Almond Market Report - January 7, 2021

We wish everyone a Happy New Year as we look forward to a healthy and prosperous 2021.  The almond market has come back from the holidays firmer following the last two weeks of 2020...

Cashew Market Update - July 21, 2021

With the inshell crop season complete in the northern hemisphere, the focus has now shifted towards kernels. After a slight correction in May, prices have been moving up steadily. There is now a growing concern about the COVID-19 situation in Vietnam and its potential impact on the supply chain...


Cashew Market Update - April 16, 2021

Short crops, logistical challenges, supply chain disruptions, defaults, price renegotiations, COVID-19’s 3rd wave… these are a few buzzwords that we’ve been repeatedly hearing over the last few weeks.  Let’s explore the facts to understand why the cashew market has suddenly turned bullish....

Cashew Market Update - March 22, 2021

With Vietnam now back from the holidays, the cashew market has been quite active over the last couple of weeks. We saw a change in sentiment with both Vietnam and India actively contracting inshells from West Africa...


Cashew Market Update - February 10, 2021

The cashew market has been range bound over the last couple of months and everyone seems to be on the sidelines waiting for news to start trickling in from West Africa and Vietnam...

Market Report - December 2021

On inshells: Southern Hemisphere, 2021 crops: Tanzania auctions are currently in full swing, delay of exports on auctioned quantities continue due to ongoing port congestions and vessel/container availability. This is putting pressure on RCN pipelines, especially in India where local crops are not available for some more time.


Market Report - November 2021

On inshells: It is harvest season for southern hemisphere crops. We are hearing Tanzania auctions are going well and price of inshells are stable, but still higher than where kernels are trading. Mozambique season will start soon and here too price indications are high. Both Tanzania and Mozambique have good crops and there is no adverse news on crops.

Market Report - October 2021

On inshells: The Northern hemisphere crops are over now. We have seen a slight price correction in September for inshells with lockdown in Vietnam. The Southern hemisphere crop in Tanzania and Mozambique crops are projected to be better than last year with no adverse weather impact.


Market Report - September 2021

Northern Hemisphere crop: The Northern hemisphere crops are completely harvested. Crops are slightly lower than last year. A slight price correction happened in August for inshells due to the lockdown in Vietnam...

Market Report - July 2021

With the inshell crop season complete in the northern hemisphere, the focus has now shifted towards kernels. After a slight correction in May, prices have been moving up steadily. There is now a growing concern about the COVID-19 situation in Vietnam and its potential impact on the supply chain...


Market Report - June 2021

The cashew market had been steadily moving up this year till April, largely been led by short crops and logistical challenges. However, with the COVID-19 situation worsening in India, there was a slight price correction in May and we’re now back to a stable market in June with some early signs of an upward movement. There is now a growing concern about COVID-19 in Vietnam and its potential impact on the supply chain...

Market Report - April 2021

The cashew markets moved up by 20-25 cents during the first half of April and have been relatively stable over the last couple of weeks. Demand has been robust in the US and EU along with interest coming from China and Asia-Oceania. Spot availability in markets remains tight and shipment challenges from Vietnam continue. The COVID-19 situation in India is worsening fast and this could potentially have a significant impact on their domestic demand...


Market Report - January 2021

Cashew markets are slightly soft due to a lack of major buying activity. Due to high freight costs, especially to the EU, many cashew buyers have postponed shipments. This has left higher than expected spot stock in the hands of Vietnam-ese shippers. The shippers who have stocks are trying to sell them for cash in the spot market before they close the new year. How the markets will behave after the Chinese New Year break will depend on how the crop develops...

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