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Pecan November 1, 2019

Where the pecan farmers first had to deal with hot and dry weather, during harvest it was very wet and crop has some delays. China seems to have bought enough product for November 11 and also not very active for Chinese New Year as they probably first want to await the Single Day’s sales figures. Halves are priced attractive but pieces are very interesting at the moment and at least Usd 1,00 per lbs cheaper than halves. Industries should take advantage of the cheap pecan piece prices as it is a great ingredient. A remark to make is that they had frost in Oklahoma and Texas. This might have an impact on the Native crop as it will be more difficult to get the nuts out of the husk.