NASS Subjective Estimate 2016

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.

Posted here is NASS' Subjective Report & Recent Acreage Report

Best regards,

Paul Ewing      Dennis Soares