Agfax Buzz:

    April 10, 2012

    AFB Cotton Close: USDA Report Pushes Futures Mostly Lower

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Cotton Comment
    Cotton was mostly lower as a big adjustment in beginning stocks for India pushed world ending stocks above 66 million bales. China’s import needs were raised 2 million bales, which was reflected in a 400,000 bale increase in projected U.S. exports. However, a 500,000 bale decline in U.S. ending stocks wasn’t enough to prop up the market. December ended just below recent support and could be headed to the contract low of 83.25 cents.




    Spot Price, Grade 41 Staple 34: Memphis up 25 at  8423
    Greenwood up  25 at 8423

     

    New York Futures: May up 25 at 8973
    July down 104 at 8826
    Oct down 146 at 8864
    Dec down 107 at 8732
    March ’12 down 88 at 8844

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 Your email will not be published or shared with third parties.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

    Doane Cotton Close: No New Fundamental News10-22

    AFB Cotton Close: Inside Day Turns Negative10-22

    Georgia: 2 Counties Declared Natural Disaster Areas10-22

    Arkansas: 2 Counties Designated Natural Disaster Areas10-22

    DTN Cotton Close: Mixed on Light Volume10-22

    Don’t Just Piggy-Back on Others’ Prices in Ag Commodity Markets10-22

    DTN Cotton Open: Higher in Subdued Dealings10-22

    National Cotton Council Commends Timely APH Announcement10-22

    Keith Good: APH Yield Exclusion Implementation Draws Praise — Mostly10-22

    Doane Cotton Close: Positive Chinese Economy Boosts Prices10-21

    Farm Shop Dream Requires Thoughtful Planning – DTN10-21

    DTN Cotton Close: Snaps String of Five Lower Finishes10-21

    Texas Crop Weather: El Niño Stalled Out but Cool, Wet Winter Still Predicted10-21

    USDA to Implement APH Yield Exclusion for 2015 Spring Crops10-21

    AgFax Cotton Review: Lower Acres May Close Mill; Australia Acres Up10-21

    DTN Cotton Open: Near Unchanged in Tight Ranges10-21

    DTN Fertilizer Trends: High Costs May Alter Growers’ Tactics for 201510-21

    Keith Good: Tumbling Grain Prices May Prove Costly for Taxpayers10-21

    AFB Cotton Close: Selling Accelerates10-20

    Doane Cotton Close: Weakness in Prices Carries On10-20

    Mississippi: Rains Slow Harvest, Lodge Rice, Soybeans – USDA10-20

    Tennessee: Rains Halt Field Activities – USDA10-20

    Arkansas: Rains Damage Crops, Slow Harvest – USDA10-20

    North Carolina: Corn Harvest Enters Final Stretch, Rains Delays Continue – USDA10-20

    Florida: Harvest Continues, Peanuts Reach 69% – USDA10-20

    New Mexico: Dry Soil Conditions Persist — USDA10-20

    Missouri: Corn Harvest Over Half Finished, Cotton at 30% – USDA10-20

    Texas: Harvest Chugs Ahead – USDA10-20

    Arizona: Cotton 50% Defoliated, 28% Harvested – USDA10-20

    Kansas: Row Crops Harvest Behind Average Pace — USDA10-20

    Oklahoma: Corn Harvest at 76%, Soybeans 22 — USDA10-20

    South Carolina: Peanut, Cotton Harvests Pick Up – USDA10-20

    Herbicide Resistant Weed Summit’s Slides, Webcast Available Online10-20

    Georgia: Cotton, Peanut Harvests in Full Swing – USDA10-20

    Alabama: Rains Have Harvest at a Standstill – USDA10-20

    DTN Cotton Close: Mixed as December Premium Narrows10-20

    Louisiana: Soybean Harvested Wraps Up – USDA10-20

    California: Cotton, Rice Harvests Speed Along – USDA10-20

    Virginia Cotton: This Year is Going to be Special10-20

    DTN Cotton Open: Ticks Lower as Inversion Narrows10-20