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 Your email will not be published or shared with third parties.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

    Texas: Corn Harvest Begins to Wind Down – USDA9-15

    Oklahoma: Small Grain Planting Underway – USDA9-15

    California: Rice Harvest Begins in Record Heat – USDA9-15

    Alabama: Scattered Showers Provide Minor Benefit to Mature Crops – USDA9-15

    South Carolina: Corn, Tobacco Harvests Wind Down as Rains Improve Crops – USDA9-15

    Georgia: Rains Help Crops, Soybean Harvest Begins – USDA9-15

    Mississippi: Corn Harvest Winding Down, Soybean Harvest in Full Swing – USDA9-15

    Arkansas: Rains Slow Harvest, Corn Yields Look Good – USDA9-15

    North Carolina: Corn Harvest Half Finished as Rains Delay Field Work – USDA9-15

    Florida: Peanut Harvest Begins – USDA9-15

    Doane Cotton Close: Post-Report Strength Wanes9-15

    Kansas: Harvest Underway with Light Frosts – USDA9-15

    Virginia Cotton: Heading for Home Stretch9-15

    New Mexico: Rains Benefit Crops, Pastures, Corn Silage Harvest Underway – USDA9-15

    Arizona: Cotton Harvest Begins, 70% of Bolls Open – USDA9-15

    DTN Cotton Close: Tumbles to Steep Losses9-15

    Missouri: Corn Harvest Stalled by Rain in Some Areas — USDA9-15

    Virginia: Harvest Continues as Weather Allows, Rains Increase Soybean Disease – USDA9-15

    Cotton Outlook: U.S. Production Cut Nearly 1M Bales9-15

    Arkansas Cotton: New Research to Focus on Northeastern Production9-15

    Georgia Cotton: Crop Management Seminar Slated Nov. 12-13 at Tifton9-15

    DTN Cotton Open: Falls to Sharp Losses on Brisk Volume9-15

    Tennessee Cotton: Time to Consult Mid-South Defoliation Guide9-15

    Flint on Crops: Variety Trials are Worth Your Attention9-15

    Keith Good: Cargill Sues Syngenta Over GMO Corn Rejected by China9-15

    Farmland Auction: Arkansas, Louisiana, Mississippi Cropland – October 229-14

    Cotton – Southeast – More Cotton Defoliation; Rains Come Too Late – AgFax9-12

    Cotton – Midsouth – Picking Starts, More Cotton Defoliation Begins – AgFax9-12

    Texas Cotton: High Plains Crop Looks Good; Zero Tolerance Weed Resistance9-12

    Rose on Cotton: USDA Released a Bearish S&D Report9-12

    Tennessee: New Web Tool for Tracking Weather, Heat Units, and Crop Progress9-12

    Doane Cotton Close: Strong Week for Prices9-12

    Cleveland on Cotton: Growers, Do Not Price Your Crop Right Now.9-12

    AFB Cotton Close: Slight Losses in Dec.9-12

    DTN Cotton Close: Mixed for Day, Ahead for Week9-12

    DTN Cotton Open: Lower within Tiny Range9-12

    Georgia Cotton: Prices Unfavorable for State Farmers9-12

    Keith Good: Record Demand for Corn, Soybeans Also in USDA Forecast9-12

    USDA: $328M to Conserve Wetlands and Farmland, Boost Economy9-11

    Doane Cotton Close: USDA Cuts Production Estimates Nearly 1M Bales9-11