# Bountiful Market Updated: May 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 [May 2024 Almond Board of California position report.](https://www.almonds.com/sites/default/files/2024-06/2024.05_PosRpt_7603.pdf?utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz-8krzG3j5in1W7K_83uiNjD2npW3qIbHR33H_mLwSsrmYvj_vr_-wXcdvOwE7n8nLUd98pF)

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

May's position report marks the tenth month of the 2023/2024 marketing year. Crop receipts to date: 2,439,655,158 lbs down -4.93% over last year.

Monthly new crop receipts:

The monthly new crop received per ABC form 1 reporting

- **May: 439,803 lbs** down -76.83% over April
- **April: 1,897,891 lbs**

### 📊 TMS, Shipments & Commitments

May's new crop receipts bring the 2023 Total Marketable Supply to 3,191,154,392 lbs, down -4.79% over last year.

2023/2024 % TMS shipped to date: 72.27% up +7.07% over last month up +6.89% over last year.

2023/2024 % Sold to date: 86.71% up +4.19% over last month and up +6.93% over last year.

### 🚢 2023 Shipments

May's shipments: 226,056,503 lbs down -6.39% over last month and up +15.53% over last year.

2023/2024 total shipments to date: 2,306,382,079 lbs up +5.25% over last year.

### 🔮 Future Demand

Total new sales for May: 134,193,093 lbs down -38.62% over last month and up +17.74% 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 May ABC form 1 crop receipts, final crop receipts are projected to be 2.440 - 2.444 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.