As the Chinese pecan buying activity has slowed, many accumulators and speculators use this time to find deals on the pecan spot market.
The state of Louisiana has a long history with pecans, in fact Louisiana along the Mississippi river is where the native pecan trees to this continent were first discovered. Louisiana is one of the states listed in the commercial production areas for the new pecan marketing order. This year’s crop however seems to have suffered dearly to adverse weather conditions. Dr. Charles Graham of the Louisiana State University Ag Center was recently interviewed by the local KTBS on the conditions of this year’s crop and gave a report of his findings.
The 2017 pecan harvest season commenced in late September starting with early season varieties, Pawnee (PWN) in the southwestern US and Wichita (WICH) in northern Mexico. With the exception of tropical storm Irma hitting South Georgia just as Pawnee (PWN) began opening up, there has been good harvest weather across the southern US and northern Mexico allowing pecan growers to move rather quickly through pecan harvest.
Pecan season in the southern United States has gotten well underway for a large majority of the US pecan growers. In the southeastern United States pecan growers with early varieties such as Pawnee (PWN) or Money Maker (MM) started as early as late September to early October. Pecan growers in these regions have completed almost half of their 2017-2018 harvest activities
Tropical storm Irma tore through the southern and middle parts of Georgia on September 11 with winds of 40 plus miles per hour, and recorded gusts up to 64 miles per hour, causing major damage to the Georgia pecan crop. As pecan growers continue to clean up and assess the damage, more accurate estimates of the pecan crop loss are coming in and Stuart pecan prices continue to climb as the crop gets shorter.