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 Your email will not be published or shared with third parties.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

    Rose on Cotton: Gin Show Visit – High Quality Cotton Still in Demand2-28

    AFB Cotton Close: Selling Continues with Wide Range2-27

    Doane Cotton Close: Technical Selling, Profit-Taking Weigh on Market2-27

    Cotton Base Acres Count as Generic Base Under Farm Bill2-27

    DTN Cotton Close: Texas Could See More Freezing Rain, Snow2-27

    Shurley on Cotton: Improvement Slows Down, but What Else Did We Expect?2-27

    Weekly Cotton Market Review – USDA2-27

    Arkansas Cotton: Acreage, Infrastructure Slip Away with Weaker Demand2-27

    Keith Good: Chinese Corn Imports Not Likely to Recover; Food Stamp Debate Wages On2-27

    USDA Changes Deadline: Yield History Update, Reallocation Base Now Due March 312-27

    Pinnacle’s Sanders in 9 Southern States with Newest Acquisition2-27

    DTN Cotton Open: Higher Finish on Last Trade Day of February?2-27

    Texas: Master Marketer Program Hits 25th Year, Going Strong2-27

    North Carolina Cotton: Resistant Horseweed – 3 Burndown Options For 20152-27

    ELS Cotton Competitive Payment Rate Is Zero2-26

    California Cotton: 25th Annual Growers Meeting March 62-26

    NRCS Invests $84M Natural Disaster Funds in 13 States2-26

    DTN Cotton Close: Bounces Off New High2-26

    Early Spring Best Time to Test and Tune Farm Machinery2-26

    DTN Cotton Open: Trades Mixed on Heels of Export Data2-26

    Pesticide Drift: Calm, Still Days Are Most Dangerous – DTN2-26

    Keith Good: Global Soybean Issues; Vilsack on Crop Insurance; Food Stamps Re-Revisited2-26

    Doane Cotton Close: Lack of Deliverable Supplies Supports March2-25

    U.S. Energy: ExxonMobil California Refinery Outage – Implications for Oil Markets2-25

    Propane Inventories, Prices Dip2-25

    Gas Prices Continue to Climb2-25

    Diesel Prices on the Rise2-25

    DTN Cotton Close: Futures Rally Off Early Losses2-25

    California: 9 Counties Designated Natural Disaster Areas2-25

    Arizona: 2 Counties Designated Natural Disaster Areas2-25

    Texas: Sutton County Designated Natural Disaster Area2-25

    Texas: Planter Clinic, Dimmit, March 112-25

    DTN Cotton Close: Cash Grower Sales Increase2-25

    Keith Good: Exports Damaged by Port Delays; Ethanol Production Cutting Back2-25

    Keith Good: Senate Ag Committee Hears from Farmers2-25

    Doane Cotton Close: Bounces on Short-Covering2-24

    AFB Cotton Close: Dec. Tests Resistance2-24

    Arkansas: Deadlines Approaching for 2014 Farm Bill Considerations2-24

    Oklahoma Cotton: 2014 Extension Cotton Project Annual Report2-24

    DTN Cotton Close: China to Remain Main Market Driver2-24