- Yields reduced by 50 lbs/acre to 3905 lbs/acre (2.6% lower than 2022). Possible further decrease due to early reports of yield issues in AL, FL, and West GA; still uncertain.
- Early reports suggest grades in drought-affected areas down by 4-5% compared to last year; uncertain.
- Quality varies across regions, will take weeks to assess. EU demand for high-quality goods may widen price gap between APSA negative and EU quality (or low afla specs).
- National Tonnage Report: 985k tons of 23 crop farmer stock graded, roughly one-third of the US crop if USDA’s crop size estimate is accurate.
