Agfax Buzz:

    April 16, 2012

    AFB Cotton Close: Market Under Heavy Pressure

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Cotton Comment
    The threat of a slowing Chinese economy and new export permits from India put cotton under heavy pressure. The result was the lowest December futures level in 4 months. That was the contract low near 84 cents which is the next downside target. Big world stocks will continue to limit export opportunities.

     

    Spot Price, Grade 41 Staple 34: Memphis down 400 at  8258
    Greenwood down  400 at 8258

     

    New York Futures: May down 400 at 8808
    July down 248 at 8725
    Oct down 256 at 8787
    Dec down 231 at 8637
    March ’12 down 232 at 8722

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 Your email will not be published or shared with third parties.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

    Cleveland on Cotton: World Consumption Increases; Will U.S. Sell Out?1-30

    Rose on Cotton: Demand is Hot; Anticipate a Pre-Plant Rally1-30

    Doane Cotton Close: Strong Exports Don’t Provide Strong Support1-30

    AFB Cotton Close: Narrow Trade Ends Lower1-30

    DTN Cotton Close: Tight Trade Ends at Midrange1-30

    2015 Is International Year of the Soils – Video1-30

    Weekly Cotton Market Review1-30

    Farm Management: 3 Reasons to Praise A Job Well Done – DTN1-30

    Farming: Leaner Profits Drive Farm Loans – Not Equipment Purchases1-30

    DTN Cotton Open: Futures Start off Lower1-30

    Georgia Cotton: Glyphosate-Resistant Pigweed Fight Requires Vigilance1-30

    Keith Good: $4.8 Billion Hit to Farm Program Possible Over 10 Years1-30

    Doane Cotton Close: China Top Buyer of Surging Exports1-29

    AFB Cotton Close: Futures Build on Support, Exports1-29

    ELS Cotton Competitive Payment Rate Is Zero1-29

    DTN Cotton Close: Exports Surge Ahead1-29

    North Carolina: Cotton Variety Performance Data Available1-29

    DTN Cotton Open: Grower Sales Quicken1-29

    U.S. Energy: Market Balances Seen in Changing Futures Price Spreads1-29

    Gasoline Prices: Average Declines Again1-29

    Propane Stocks: Down 1.9M Barrels1-29

    Diesel Prices: Average Drops 7 Cents1-29

    Keith Good: Farm Banks See Spike in Demand for Loans, Survey Finds1-29

    Doane Cotton Close: Defies Negative Outside Markets1-28

    DTN Cotton Close: More Good Than Bad1-28

    DTN Fertilizer Trends: Fewer Pre-Purchases Than Normal1-28

    Ag Lenders’ Sentiment – Latest National Survey From K-State – (Audio)1-28

    Drones – The Next Big Tool in Agriculture1-28

    Ag Fuel Costs Likely to Dip, Chemicals to Rise in 2015 — DTN1-28

    DTN Cotton Open: Futures Begin Slightly Lower1-28

    Keith Good: Pacific Trade Pact Close to Completion, Official Testifies1-28

    Doane Cotton Close: Prices Looking for Bottom1-27

    Texas Crop Weather: Rains Improve Pasture, Wheat Outlook, Bring Soggy Fields1-27

    AFB Cotton Close: Futures Continue Recovery1-27

    DTN Cotton Close: India Gets In A Selling Mode1-27

    Cotton: Industry Recognizes Utah Researcher For Cotton Genome Efforts1-27

    DTN Cotton Open: Futures Start Slightly Higher1-27

    Keith Good: Pork Prices Drop as Hog Herd Recovers from PEDv Outbreak1-27

    Attention Weed Zombies – There’s a Robot Killin’ Machine in Your Future1-26