California Walnuts Rebound and Some NASS Reports Return
From the Ag Information Network, I’m Bob Larson and this is your Agribusiness Update.
**After several challenging years, California walnut growers were optimistic this fall as harvest met with more favorable market conditions.
The industry entered the 2025-26 marketing year essentially sold out of supply, which growers expect will make it easier to sell this year’s crop, projected at 710,000 tons, at higher prices.
Strong export demand, a new domestic marketing push and mild summer growing conditions that produced high-quality nuts have buoyed the industry.
**The USDA’s National Ag Statistics Service will release several key ag reports in November, including the monthly WASDE report that wasn’t issued last month due to the government shutdown.
According to a post on its website, NASS will release the crop production and world ag supply and demand estimates on November 14.
Reuters says the report will provide the government’s first estimate of U.S. corn and soybean production since September.
**October saw a modest rise in U.S. farmer sentiment as the Purdue University/CME Group Ag Economy Barometer Index rose three points to 129.
The slight rise was fueled primarily by an increase in the Index of Current Conditions to 130, eight points above September.
Meanwhile, the Index of Future Expectations rose a single point to 129.
Farmers’ appraisal of current conditions continues to be fueled by record-high profits in the beef sector.
