# Bountiful Market Updated: January 2024 Position Report

By [Megan Nunes](https://blog.bountiful.ag/author/megan-nunes)

1 minute read

[Bountiful Market](https://app.bountiful.ag/market?utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz-8PRRz3tq1KjMn_JRldh4XFE0mAwGkAQlsf5S2aTEmLtJPnTZ1PfEzShRImde2FkCrmKE5f) is updated with new data from the [January 2024 Almond Board of California position report.](https://www.almonds.com/sites/default/files/2024-02/2024.01_PosRpt_1006.pdf?utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz-9lJic5OHLWt4-CePX2pCfU5i7TZW7UJrSk9VptDRP4S4mjNfAm2vou-sLwwSy7VUNkBmft)

On the [Bountiful platform](http://app.bountiful.ag/) for your:

- Monthly Shipments
- Carry-out trends
- Crop Receipts by Variety
- Total Marketable Supply, Shipments vs Commitments

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### 📈 Almond Crop Receipts Down Over 2022

January's position report marks the sixth month of the 2023/2024 marketing year. Crop receipts to date: 2,391,218,196 lbs down -3.39% over last year.

Monthly new crop receipts:

The monthly new crop received per ABC form 1 reporting

- **January 163,098,138 lbs** down -54.81% over December
- **December: 360,950,651 lbs**

### 📊 TMS, Shipments & Commitments

January's new crop receipts bring the 2023 Total Marketable Supply to 3,143,686,169 lbs, down -3.64% over last year.

2023/2024 % TMS shipped to date: 43.92% up +5.55% over last month up +4.94% over last year.

2023/2024 % Sold to date: 64.20% up + 4.47% over last month and down -0.54% over last year.

### 🚢 2023 Shipments

January's shipments: 235,919,605 lbs up +2.84% over last month and up +2.72% over last year.

2023/2024 total shipments to date: 1,380,673,065 lbs up +8.58% over last year.

### 🔮 Future Demand

Total new sales for January: 235,911,077 lbs up +7.52% over last month and down -32.62% over last year.

### 📈 Crop Receipt Projections

Following the December position report, we run a forward projection on ABC form 1 crop receipts to get an idea of the total size of the crop.

The methodology we use for our crop receipt projections is different from our [in-season machine learning forecasts](https://medium.com/@BountifulAg/forget-everything-you-know-about-forecasting-81b28ca05d2d?utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--ysKh1A6_W5GpKtM9OylXtLllLCWgEJUXOCKBgvELZ2L-XVT2GjTBY4X4vxMuD6tsRnEOE). Our 2023 in-season forecasts are complete and have not been updated since we released a final forecast in July.

For our crop receipt projection, we only use ABC form 1 crop receipt data for current and historical years. The model we use looks for a pattern in how crop receipts are coming in month over month.

As of January ABC form 1 crop receipts, final crop receipts are projected to be 2.45-2.48 B lbs. You can reference this in the image below 2023/2024 marketing year is in light blue.

### **📊 Bountiful's 2023 forecasts**

Following the August position report, we publicly share all forecasts released on the [Bountiful platform](https://app.bountiful.ag/login?utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz-8PRRz3tq1KjMn_JRldh4XFE0mAwGkAQlsf5S2aTEmLtJPnTZ1PfEzShRImde2FkCrmKE5f), to our Premium, Farm, and Industry Subscribers, throughout the 2023 crop year.

[Subscribe to Almond Update](https://share.hsforms.com/1mu9cKS6qT4ivSsN0igfKeA4fy5s?utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--DlgJZCzYz-z49sphGKFJ8n7ubHHqCiAp_hGhX9qf5RAbgNyYr2ExTF_Yul1grCA7irTRt) for our 2023 acreage, yield, and production forecasts.