Agfax Buzz:

    April 12, 2012

    AFB Cotton Close: Market Makes Strong Gains

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Cotton Comment
    Cotton made strong gains as fertilizer price levels and soybean profit potential seems to be pulling acreage from cotton. March intentions had plantings over 13 million acres, but November soybeans advanced 75 cents or more since that survey was made. Fertilizer price has moved sharply higher, raising the cost of cotton production. December has firmed after drifting below 88 cents for several days.




    Spot Price, Grade 41 Staple 34: Memphis up 162 at  8750
    Greenwood up  162 at 8750

     

    New York Futures: May up 162 at 9300
    July up 150 at 8980
    Oct up 169 at 8961
    Dec up 119 at 8830
    March ’12 up 116 at 8925

    This week’s LDP rate for cotton is

    0 cents
    The estimate for next week is 0 cents

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    Agfax Cotton News

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    Your Farm Business and the Affordable Care Act8-26

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    Texas Crop Weather: Watch for Armyworms in Heading Sorghum8-26

    Arkansas: UA Cotton Field Day Slated Sept. 9 at Manila8-26

    North Carolina: Corn Harvest Begins Amid Continued Showers – USDA8-26

    DTN Cotton Open: Futures Move Slightly Higher8-26

    Missouri: Fisher Delta Center Field Day Set Sept. 2 in Portageville8-26

    Keith Good: Farm Incomes, Capital Spending Show Decline in 2nd Quarter8-26

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    Florida: Armyworms Still a Problem in Hay — USDA8-25

    Doane Cotton Close: Finishes Down Very Slightly8-25

    Kansas: Crops Missed by Recent Showers Showing Stress – USDA8-25

    New Mexico: Rains Improve Soil Moisture, Delay Silage Harvest – USDA8-25

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    Arizona: 50% of Cotton Bolls Open, 4% Defoliated – USDA8-25

    AFB Cotton Close: December Working Higher8-25

    Virginia: Rains Boost Soil Moisture, Benefit Crops – USDA8-25

    Missouri: Corn, Soybeans Making Good Progress — USDA8-25

    Oklahoma: Summer Heat Returns, Depletes Soil Moisture – USDA8-25

    Arkansas: Harvest Begins in Limited Areas, Rice Fields Being Drained – USDA8-25

    Texas: Crops Make Good Progress, Harvests Underway in Some Areas – USDA8-25

    Alabama: Crop Conditions Steady as Temperatures Rise – USDA8-25

    Mississippi: Harvest Gets Underway with Hot, Dry Weather – USDA8-25

    South Carolina: Hot, Dry Conditions Aid Corn Harvest, Stress Other Crops – USDA8-25

    Georgia: Many Areas Dry, Suffering Heat Stress – USDA8-25