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 Your email will not be published or shared with third parties.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

    U.S. Energy: Heating Oil Expenditures Expected to Drop This Winter12-18

    Gasoline Prices: Decline in All Regions12-18

    Propane Stocks: Decrease by 0.8M Barrels12-18

    Diesel Prices: Average Drops 12 Cents12-18

    Keith Good: China Lifts Ban on Biotech Corn; Wheat Prices Soaring12-18

    AFB Cotton Close: Market Higher in Middle of Consolidation Range12-17

    Virginia Govt. Joins USDA, EPA in Fighting Nutrient Runoff – DTN12-17

    Doane Cotton Close: Choppy Sideways Trade Continues12-17

    Tennessee: TAPA Winter Agronomic Workshop and Cotton Focus, Jackson, Feb. 11-1212-17

    DTN Cotton Close: Jumps to Session High on Fed Statement12-17

    Tennessee: 2015 Cotton Variety Guide Available Online12-17

    DTN Cotton Open: Futures Show Little Change12-17

    Senate Passes Tax Extenders Bill with Key Provisions for Ag — DTN12-17

    Keith Good: EPA Moving Ahead with Plans to Finalize Clean Water Rule12-17

    Doane Cotton Close: Prices Pressured Lower12-16

    DTN Fertilizer Outlook: Global Phosphorous Demand to Increase12-16

    DTN Cotton Close: Wipes Out Most of 3-Day Gain12-16

    California: New Pesticide Resistance Online Course Offered12-16

    DTN Cotton Open: Slips as Oil Prices Sink12-16

    Keith Good: Ag Industry Preparing to Launch New Biotech Seeds12-16

    Doane Cotton Close: 3rd Day of Gains12-15

    Cash Rent Rates Key to Cropland Prices 2015 – DTN12-15

    Sorghum Fights Aphid; Assassin Bug Eats BT-Resist Pests; Downy Brome Control – DTN12-15

    AFB Cotton Close: Mixed with Nearby Contracts Higher12-15

    AgFax Cotton Review: Crop Quality Controls Market; India Eases Export Rules12-15

    California: Wheat in Good Condition but Threatened by Floods – USDA12-15

    DTN Cotton Close: Slightly Ahead on Inside Day12-15

    Drones: FAA Grants Trimble Inc. an Exemption to Use UX5 in Agriculture12-15

    DTN Cotton Open: Slightly Higher in Quiet Dealings12-15

    Flint on Crops: Courage, Optimism Drive the Successful Farmer12-15

    Keith Good: U.S. Hay Exports to China Take Hit from GMO Crops Ban12-15

    Doane Cotton Close: Little Follow-Through Buying to End the Week12-12

    Rose on Cotton: Bearish News? We Got Plenty from USDA.12-12

    Cleveland on Cotton: USDA Surprise – Texas Yields Lowered; World Carryover Raised12-12

    Cotton Outlook: Global Trade To Decline in 2014-1512-12

    AFB Cotton Close: Slightly Higher at Bottom of Range12-12

    Farm Management: 9 Important Lessons Not Taught at Ag Schools – DTN12-12

    DTN Cotton Close: Ekes Out Small Gains12-12

    National Cotton Council Conducting STAX/Farm Bill Webinars Dec. 17-1812-12

    Weekly Cotton Market Review12-12