February 2026 Position Report
The Almond Board of California February Position Report was released on Thursday, March 12th, providing additional insight to further analyze the 2025 crop size, sales, shipments, and other dynamics that will drive the market going forward.
2025 Crop Receipts
There were 52 million pounds of receipts reported for the month of February. This brings our year-to-date total receipts to 2.68 billion pounds. As deliveries continue to wind down, the data is trending toward a total crop size just over 2.7 billion pounds. Now that buyers and sellers are aligned on the 2025 crop size, the industry’s focus has shifted to the 2026 crop and how things look after bloom.
Shipments
Total shipments for the month were 241.1 million pounds. This is 12.2% higher than February 2025 and 17.0% higher than last month. Export shipments came in at 196.1 million pounds, up 23.5% from last year, setting a new export record for February. Domestic shipments were 45.0 million pounds, down 19.9% from last year, marking the lowest domestic shipment month in the last ten years. Year-to-date shipments currently trail last season by 4.4%. The industry still needs to ship an average of 225 million pounds per month for the next five months to maintain a manageable carryout.
Sales
New sales for the month of February were 246.2 million pounds, up from 220.8 million pounds last year. The industry delivered another solid sales month, which continues to support strong shipping months in the near future. This puts the industry’s overall sold position at 67.5% based on a 2.7-billion-pound crop, currently 1.0% behind last year at this time.
Market Summary
Based on the market fundamentals for the almond industry, this was a strong report. Shipments and sales were both solid, helping bring California closer to last year’s year-to-date shipment total and sold percentage. The report should have a positive impact on pricing, but we will need to see how the market digests it over the next few days. The market has been very quiet for the last two weeks while buyers wait for post-bloom crop reports and evaluate impacts from the Middle East conflict. The HWA team will continue to monitor market conditions and bring you an update next week on the Harris Woolf podcast.
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