USDA Subjective Almond Forecast comes in above industry expectations
The USDA Subjective Almond Forecast, published on 12th April, estimated the 2023 Californian almond crop at 2.50 billion pounds, down 3% from last season but above existing industry estimates. The USDA pegged yields at 1,810 lb/acre, compared with the Wonderful yield estimate of 1,731 lb/acre and the Terra Nova Trading yield estimate at 1,650 lb/acre.
The estimate took sellers off
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