Agfax Buzz:

    April 18, 2012

    AFB Cotton Close: Market Moves Higher in Response to Indian Announcement

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Cotton Comment
    Cotton closed higher as the market responded to an announcement by India. It appears they will allow earlier sales that were in limbo after an export ban was put in place. Shipment of this cotton will be completed by May 7. Once that is completed it appears the U.S. might have greater export opportunities. However, upside potential remains limited at this time.




    Spot Price, Grade 41 Staple 34: Memphis up 250 at  8643
    Greenwood up  250 at 8643

     

    New York Futures: May up 250 at 9193
    July up 177 at 9002
    Oct up 148 at 8958
    Dec up 85 at 8718
    March ’12 up 77 at 8803

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 Your email will not be published or shared with third parties.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

    Gasoline Prices: Decrease by 5 Cents7-31

    Propane Stocks: Continue to Rise7-31

    Diesel Prices: Average Drops a Penny7-31

    Keith Good: China’s Import Restrictions Could Impact U.S. Corn Supply7-31

    Cotton – Southwest Growers Seeing More Disease, Insects – AgFax7-30

    Cleveland on Cotton: Harvest Weather Dictates Market’s Next Big Move7-30

    DTN Cotton Close: Falls to Another New Contract Low7-30

    Doane Cotton Close: Triple-Digit Losses in Most Contracts7-30

    DTN Fertilizer Trends: Slow Season Expected for Fertilizer Booking7-30

    Cotton In Southeast – Stink Bugs Build But Plant Bugs, Aphids Linger – AgFax7-30

    AgFax Cotton Review: Possible Rise in Chinese Imports; Pigweed Problems in Texas7-30

    USDA Preps for Possible Invasion by Old World Bollworm — DTN7-30

    Georgia Cotton: Target Leaf Spot Appearing7-30

    DTN Cotton Open: Ticks Quietly Just Above Unchanged7-30

    Keith Good: C.O.O.L. Rules for Packaged Meat Upheld by Appeals Court7-30

    Doane Cotton Close: Sharp Losses on Improved Conditions7-29

    Keeping Farm Management in Line with Increasing Regulations – DTN7-29

    DTN Cotton Close: Ends on New Contract Low7-29

    Mississippi: MSU Wild Hog Research Needs Foresters, Farmers7-29

    Texas Crop Weather: Fall Armyworms Out Early Due to Unseasonable Rains7-29

    Virginia Cotton: 1 Spray or 2 for Insects?7-29

    Georgia Cotton: Spots Found on Lower Leaves7-29

    DTN Cotton Open: Trades Lower in Early Going7-29

    Mississippi: Bollworm Counts at High Levels7-29

    Alabama Cotton: Spider Mite Control Proves Tricky7-29

    Keith Good: Bugs’ Resistance to GMO Corn in Brazil Proving Costly7-29

    California: Over 75% of Cotton Has Set Bolls – USDA7-28

    Virginia: Tornado Damages Crop, Conditions Lower Than Last Year7-28

    Doane Cotton Close: Rebounds from Oversold Conditions7-28

    Arkansas: Rice Heading, Heat Units Need in Some Areas – USDA7-28

    Mississippi: Crops Look Good, Rains Prevent Some Field Work – USDA7-28

    Oklahoma: Crop Conditions Positive Despite Triple-Digit Temps – USDA7-28

    Texas: Cotton Squaring, Forming Bolls, Sugarcane Aphids Will in Sorghum – USDA7-28

    Alabama: Scattered Rainfall, Army Worms In Certain Areas – USDA7-28

    North Carolina: Rains Benefit Crops, Slow Field Work – USDA7-28

    AFB Cotton Close: Moves Higher in Narrow Range7-28

    Crop Progress: Corn, Soybean Conditions Decline, Still at Historical Highs – DTN7-28

    Arizona: Cotton Squaring Complete, Winter Wheat Harvested – USDA7-28

    DTN Cotton Close: Higher on Suspected Weekend Business7-28

    Tennessee: Keeping Up with Insecticide Names, Ingredients7-28