Orange Crop

USDA’s March crop production reports and supply and demand estimates showed minor changes this week.  The U.S. orange production forecast rose slightly month over month, yet will still be down 25% year over year.    Turning to domestic commodity balance sheets, an upward adjustment in ending stocks for corn led to a decrease of 10 cents to the season ending average price, now at $6.60 a bushel. 

A rise reported it U.S. orange crop production by less than 1%, per USDA's latest crop production forecast. The main factor was an 8% increase in California's all orange crop year over year, by over 51 billion boxes. In addtion, "California's non-Valencia's went from 39 million to 43 million [from the previous year" noted NASS' Mark Hudson ...

Another cut in potential orange production in Florida. USDA's crop report on Wednesday slicing another 2% off its previous orange production forecast; new estimate at 43.5 million boxes. That would 18% below last season's crop.  But, the surveys of that crop were done before the big freeze hit the orange grove January 28th through the 30th. ...

USDA's all orange forecast for December reflects reports only from the Sunshine state. And according to NASS' Mark Hudson, total U.S. production is down 1% from the previous forecast.  With Florida's all orange forecast down 2%, at 46 million boxes. ...

With Florida's orange harvest starting to wind down, the latest USDA crop production forecast for the all-US crop for this season, reveals a 2% month-over-month decrease and down 6% from last marketing year final utilization. "Our Valencia oranges are down two million boxes it was 48 million and now it's 38 million and the non-valencias of course the season's done and the Valencia season is