Dry weather's convenient to have at harvest time, but the recommendation I've heard from a peanut researcher is to give them lots of water once they start flowering -- about an inch a week.
Like folks have said, transplanting peanuts really helps in cooler areas -- instead of waiting til after a month after last spring frost for the soil to be warm enough to sow them in the ground, you can transplant out a 3-week old seedling at that time and be off to a great start.
Also, peanuts grow pretty slow at first, so for anyone doing a small amount of peanuts (say, less than 200'), you can save yourself a lot of weeding work by transplanting out seedlings. (After ~6-8 weeks, the peanuts are big enough to not need much weeding the rest of the way.)
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