Agfax Buzz:

    March 27, 2012

    AFB Cotton Close: Higher for 3rd Straight Day

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Cotton Comment
    Cotton received favorable treatment, closing higher for the 3rd day in a row. December futures closed above trendline resistance at 90 cents. Retracement objectives at 91.35 cents and 92.5 cents are probable upside targets if the market can maintain momentum. Acreage shifts to corn and/or soybeans may have given the market a reason to move higher. A potential 10% cut in Chinese plantings added to the positive undertone.




    Spot Price, Grade 41 Staple 34: Memphis up 168 at  87.09
    Greenwood up  168 at 87.09

     

    New York Futures: May up 168 at 9259
    July up 198 at 9301
    Oct up 153 at 9266
    Dec up 107 at 9048
    March ’12 up 107 at 9115

    This week’s LDP rate for cotton is

    0 cents
    The estimate for next week is 0 cents

    Leave a Reply

    Name and Email Address are required fields. Your email will not be published or shared with third parties.

    Agfax Cotton News

    DTN Cotton Open: Trades on Slight Loss Near Low9-30

    Keith Good: ‘Misinformation’ Muddles Clean Water Act, EPA Chief Says9-30

    California: Rice Harvest Progress as Rains Move Through Northern Areas – USDA9-29

    AFB Cotton Close: Inside Day Finishes Lower9-29

    South Carolina: Rains Halt Peanut Harvest, Field Work – USDA9-29

    Alabama: Harvest Advances as Dry Weather Persists – USDA9-29

    Mississippi: Dry Weather Prevails, Good for Field Work — USDA9-29

    Arkansas: Corn, Rice Harvest Start to Wind Down – USDA9-29

    Georgia: Weather Causes Issues in Some Areas — USDA9-29

    Texas: Harvest, Wheat Planting Continue Among Widespread Rains – USDA9-29

    Oklahoma: Limited Moisture for Winter Wheat Seedlings – USDA9-29

    Arizona: Cotton Harvest Begins, Crop Condition Good — USDA9-29

    Doane Cotton Close: Harvest Progress Still Sluggish9-29

    North Carolina: Rains Delay Harvest, Corn Harvest 71% Complete – USDA9-29

    Kansas: Rains Slow Harvest, Wheat Planting – USDA9-29

    DTN Cotton Close: Finishes Inside Day Slightly Lower9-29

    Virginia: Rains Slow Corn Harvest – USDA9-29

    Tennessee: Good Harvest Progress, Pastures Need Rain – USDA9-29

    Soybean Harvest Rises by 7 Points, Corn 5 — DTN9-29

    Missouri: Corn, Rice Harvest Make Good Progress, Soybean Harvest Begins – USDA9-29

    DTN Cotton Open: Trades Near Unchanged in December9-29

    Tennessee Cotton: Forecast Looks Favorable for Defoliation9-29

    Flint on Crops: What is a Good Variety Worth?9-29

    Keith Good: Plunging Corn, Soybean Prices May Strain Farm Budgets9-29

    Rose on Cotton: Bearish News – We got plenty.9-26

    Cleveland on Cotton: Chinese Moves Send Market into Free Fall9-26

    Doane Cotton Close: May Dip Under 60 Before Reaching Harvest Lows9-26

    AFB Cotton Close: Recovers from Huge Sell Off9-26

    DTN Cotton Close: Ahead for Day, Down for Week9-26

    Louisiana: Ag Officials Ask for New Rules for Drones9-26

    Shurley on Cotton: Carefully Consider Selling Options9-26

    Texas Cotton: Prices in Decline as Harvest Approaches9-26

    Georgia Cotton: Nematode Issues in Sandy Soils9-26

    DTN Cotton Open: Trades in Green After Overnight Jump9-26

    Crop Insurance Details Clearing Up — DTN9-26

    Keith Good: River Transportation System ‘Overstrained,’ Report Says9-26

    Doane Cotton Close: Slow Start to Harvest9-25

    Crop Insurance: ARC-PLC Regulation and Decision Tools9-25

    AFB Cotton Close: Futures Remain Under Pressure9-25