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January 16, 2024


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Richard H. Flournoy, Deputy Administrator /s/ Richard H. Flournoy    1/16/2024


2024 Crop Year (CY) Commodity Exchange Price Provisions (CEPP) – Peanuts Factors: February 28, 2024, Sales Closing Date (SCD)
The CEPP – Peanuts factors necessary to establish a producer’s amount of protection under the peanut program for the 2024 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 January 15, 2024, to February 14, 2024. These factors apply only to states with a SCD of February 28, 2024. 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 February 28, 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
πΈπ‘€β„Ž -0.1340
𝐸𝑐t 0.4186
Soybean Oil 𝐸𝑠o 0.3678
Soybean Meal 𝐸𝑠m -0.1324

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


Variable Abbreviation Value
Price Constant 𝐢 0.1376
Price Weighting Formula π‘Š 0.5283

The values for the type factors are:


Type Abbreviation Value
Runner π‘‡π‘Ÿu 1.00
Spanish 𝑇𝑠p 1.67
Valencia 𝑇𝑣a 1.13
Virginia 𝑇𝑣i 1.13

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


Commodity Abbreviation Value
Wheat πΊπ‘€β„Ž -0.1003
Cotton 𝐺𝑐t 0.3178
Soybean Oil 𝐺𝑠o -0.2488
Soybean Meal 𝐺𝑠m 0.4701

The value for the volatility weighting factor is:


Variable Abbreviation Value
Volatility Weighting Factor 𝑉 3.9830

December 31, 2024

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