
California's almond, pistachio and walnut crops enter 2027 with improved market conditions. Walnuts have a short crop and low storage, pistachios lost about half their crop to spring heat but demand is strong, and almonds are coming in light with export buyers, led by India, purchasing more than a year earlier.
Lighter California nut supplies and firm export demand support nut prices, but high water, labor, fuel and financing costs limit grower profitability. Nut byproducts such as hulls are relevant to feed buyers, though the story gives no direct feed price signal.
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.