RMA - Risk Management Agency

12/12/2023 | Press release | Distributed by Public on 12/12/2023 13:52

2024 Crop Year (CY) Commodity Exchange Price Provisions (CEPP) – Peanuts Factors: January 31, 2024, Sales Closing Date (SCD)

The factor values for peanuts in states and counties with a January 31, 2024, SCD, as specified in the CEPP - Peanuts document for the 2024 CY, are shown below.

The values for the exponent factors for each commodity exchange futures contract are:

Commodity Abbreviation Value
Wheat
-0.1890
Cotton
t
0.4075
Soybean Oil
o
0.3660
Soybean Meal
m
-0.0812

The values for the price constant and price weighting factors are:

Variable Abbreviation Value
Price Constant
0.1371
Price Weighting Formula
0.4451

The values for the type factors are:

Type Abbreviation Value
Runner
u 1.00
Spanish
p 1.63
Valencia
a 1.16
Virginia
i 1.16

Additionally, the factor specifications for commodities utilized to determine price volatility are as follows:

Commodity Abbreviation Value
Wheat
-0.0920
Cotton
t 0.2943
Soybean Oil
o 0.2165
Soybean Meal
m 0.4592

The value for the volatility weighting factor is:

Variable
Abbreviation
Value
Volatility Weighting Factor
3.9398

DISPOSAL DATE:
December 31, 2024