NASS released their subjective figure, estimating California's 2016 almond crop at 2.0 billion lbs.
An estimated 2,220 lbs. per acre on 900,000 bearing acres.
This is based on a survey of growers representing 27% of bearing acreage.
The 2015 crop subjective estimate was 1.85 billion lbs. and the actual receipts so far are 1.89.
Today's estimate would be a 5.8 percent increase from 2015, and is on the low end of industry expectations leading up to the report.
Tomorrow the April position report will be released and we'll send a more complete update.