High cold storage stocks
In its latest report, the USDA's National Agricultural Statistics Service announced that cold stocks of pecans, especially in-shell, have increased significantly. Stocks of unshelled nuts have increased by a whopping 75%, and total stocks since February of this year are about 10% higher than in the same period last year. August saw the biggest jump year-on-year with an 18% increase in inventory volume.
At the same time, the Foreign Agricultural Service reported lower pecan nut imports to the USA. As the pandemic is causing great unc