
California almond field prices have reached $2.90 to $3.90 per pound, a decade high, up from about $2.60 last year, with Nonpareils at $3.90. 2026 yields are reported down as much as 20% regionally, carry-in inventory has fallen to 471 million pounds, and bearing acreage is declining for the first time since 1995.
Shrinking carry-in stocks and lower yields tighten almond supply, supporting higher prices well above grower breakeven, which is a signal for feed buyers watching almond hulls as a byproduct input.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.