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 Your email will not be published or shared with third parties.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

    Texas Cotton: AgriLife’s On-Farm Variety Trials Available11-26

    DTN Cotton Open: Posts Slight Gains in Quiet Trade11-26

    Farm Income Down 21%; Expenses Up 5.7% – USDA Forecast11-26

    Georgia Cotton: Crop Unfazed by Early November Frost11-26

    Keith Good: Net Farm Income to Drop 21.1% from 2013, ERS Forecasts11-26

    Doane Cotton Close: Outside Strength Helps Prices Rebound11-25

    AgFax Cotton Review: New Stink Bug App; India Exports Drop11-25

    DTN Cotton Close: Higher on Light Volume11-25

    Tax Breaks: Waiting for 2014 Equipment Deduction, Biofuel – DTN11-25

    Georgia: 10 Farm Bill Meetings Scheduled for Mid Dec.11-25

    Texas Crop, Weather: Water Supply, Crop Prices Remain a Concern11-25

    Georgia Cotton: Thankfully, Harvest Almost Finished11-25

    DTN Cotton Open: Futures Edge Slightly Higher11-25

    Shurley on Cotton: New Round of Weakness Sets In11-25

    Keith Good: Farmers Care About a Labor Force, Not Politics — AFBF11-25

    Mississippi: Crops Mostly Out of Fields – USDA11-24

    Georgia: Rains and Freezing Temps – USDA11-24

    South Carolina: Harvest Wraps Up, Rains Improve Soil Moisture – USDA11-24

    Oklahoma: Harvest Moves Along – USDA11-24

    Alabama: Row Crop Harvest Nearly Done — USDA11-24

    Florida: Late Week Rains Delay Harvest – USDA11-24

    North Carolina: Sorghum Harvest Lags Behind, Cotton Nears Finish – USDA11-24

    Kansas: Soybean, Sorghum Harvests Enter Home Stretch – USDA11-24

    Virginia: Rains Help Pastures but Some Areas Remain Dry – USDA11-24

    AFB Cotton Close: Trading at 5-Year Lows11-24

    Arizona: Cotton Harvest Continues Ahead of Pace – USDA11-24

    Doane Cotton Close: Another Down Day11-24

    Texas: Snow, Rain Slow Harvest – USDA11-24

    DTN Cotton Close: Finishes Just Above Contract Low11-24

    Arkansas: Harvest Finished for All but a Few Fields – USDA11-24

    California: Cotton, Walnut Harvests Nearly Done – USDA11-24

    Missouri: Harvest Wraps Up – USDA11-24

    Farmland Partners Buys 7 South Carolina Farms for $28M11-24

    DTN Fertilizer Outlook: Winter’s Arrival May Delay Some Buying11-24

    DTN Cotton Open: Trades Down Slightly within Tiny Spans11-24

    Arkansas: Rice, Cotton Yields Get Boost from Weather11-24

    Flint on Crops: Low Input Farming May be Necessary in 201511-24

    Keith Good: EPA Decision on Renewable Fuels Mandate Delayed to 201511-24

    Rose on Cotton: Looking for the Positives This Week11-21

    Cleveland on Cotton: 57 Cents – ‘The Bottom is In’11-21