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 Your email will not be published or shared with third parties.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: Strong Exports Continue10-30

    ELS Cotton Competitive Payment Rate Is Zero10-30

    AFB Cotton Close: Futures Retrace Gains10-30

    DTN Cotton Close: Reverses off New High to End Lower10-30

    Kansas Officials Point Out Flaws in Clean Water Act – DTN10-30

    Ag Secretary Discusses Challenges Facing Future Farmers — DTN10-30

    Mississippi: Fall Tests for Nematodes Help Keep Crops Healthy10-30

    DTN Cotton Open: Futures Tick Near Unchanged10-30

    U.S. Energy: Gas Prices Drop to Lowest Since December 201010-30

    Gasoline Prices: Average Drops 6 Cents10-30

    Propane Stocks: Down 1.3M Barrels10-30

    Diesel Prices: Decrease by 2 Cents10-30

    New Research Study Shows the Value of Neonics10-30

    Keith Good: Drought Impacts California Rice; Farm Land Market Cools10-30

    Doane Cotton Close: 3rd Day of Strong Gains10-29

    Texas: Pecos County Pesticide Workshop, Fort Stockton, Nov. 1810-29

    DTN Cotton Close: Jumps to 5-Week High10-29

    Georgia: Cotton Pickin’ Sunrise10-29

    Georgia: Brooks County Clean Day Rescheduled to Nov. 1210-29

    Missouri Cotton: New Interactive Map for Pest Monitoring10-29

    AgFax Cotton Review: U.S.’s High Quality Offers Market Resilience10-29

    Tennessee Cotton: Farm Bill-STAX Workshop Slated Nov. 20 in Jackson10-29

    DTN Fertilizer Outlook: Demand May Fall with Crop Prices10-29

    DTN Cotton Open: Surges to Triple-Digit Gain10-29

    Alabama Cotton: In Southern Counties, Don’t Wait Longer On Cotton Defoliation10-29

    Keith Good: Pressure Increases on EPA to Withdraw New Water Rule10-29

    Doane Cotton Close: Strong Day, Good Pricing Opportunity10-28

    AFB Cotton Close: Futures Move Higher10-28

    DTN Cotton Close: Finishes on 11-Day High10-28

    Texas Crop Weather: Sugarcane Aphids Here to Stay10-28

    Mississippi Wild Hogs: Trapping Is the Best Control Method10-28

    Virginia Cotton: Warm Weather Comes at Good Time10-28

    DTN Fertilizer Trends: Stubborn Prices Pose Dilemma for Grain Farmers10-28

    Missouri: 2014 Insecticide Survey Summary10-28

    DTN Cotton Open: Slight Gains in Quiet Dealings10-28

    Keith Good: Corn, Soybean Harvests Advance, Still Behind Average Pace10-28

    AFB Cotton Close: Prices Mostly Higher10-27