1400 Independence Avenue, SW
Stop 0801
Washington, DC  20250-0801


December 11, 2020


All Approved Insurance Providers
All Risk Management Agency Field Offices
All Other Interested Parties


Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy    12/11/2020


2021 Crop Year Commodity Exchange Price Provisions (CEPP) – Peanuts Factors: January 31, 2021 Sales Closing Date
The CEPP - Peanuts factors necessary to establish the insured’s amount of protection under the peanut program for the 2021 CY are identified below. The factors are applied to the commodity prices for wheat, cotton, soybean oil, and soybean meal during the discovery period of December 15, 2020 to January 14, 2021. These factors apply only to states with a Sales Closing Date (SCD) of January 31, 2021. They are determined in accordance with the Peanut Price Methodology guidelines published and available at

The factor values for peanuts in states and counties with a January 31, 2021 SCD as specified in the CEPP – Peanuts document for the 2021 crop year are shown below. The values for the exponent factors for each commodity exchange futures contract are:

Commodity Abbreviation Value
Wheat Ewh -0.2188
Cotton Ect 0.3070
Soybean Oil Eso 0.7304
Soybean Meal Esm -0.1901

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

Variable Abbreviation Value
Price Constant C 0.1591
Price Weighting Formula W 0.5237

The values for the type factors are:

Type Abbreviation Value
Runner Tru 1.00
Spanish Tsp 1.63
Valencia Tva 1.16
Virginia Tvi 1.16

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

Commodity Abbreviation Value
Wheat Gwh 0.1174
Cotton Gct 0.5927
Soybean Oil Gso -0.1090
Soybean Meal Gsm 0.1204

The value for the volatility weighting factor is:

Variable Abbreviation Value
Volatility Weighting Factor V 1.5976


December 31, 2021

USDA is an Equal Opportunity Employer and Provider