The Latest

Events

  1. Texas: Randall County Crops Tour, Canyon, Aug. 30

    August 30 @ 8:00 am - 5:00 pm
  2. Louisiana: Sweet Potato Field Day, Chase, Aug. 31

    August 31 @ 8:00 am - 5:00 pm
  3. California: Rice Field Day, Biggs, Aug. 31

    August 31 @ 8:00 am - 5:00 pm
  4. Georgia: Cotton/Peanut Research Field Day, Tifton, Sept. 7

    September 7 @ 8:00 am - 5:00 pm
  5. Tennessee: Cotton Tour Field Day, Jackson, Sept. 7

    September 7 @ 8:00 am - 5:00 pm
  6. Georgia Peanut Tour, Tifton, Sept. 13-15

    September 13 @ 8:00 am - September 15 @ 5:00 pm
  7. West Texas Agricultural Chemicals Institute Annual Conference, Lubbock, Sept. 13

    September 13 @ 8:00 am - 5:00 pm
  8. Tennessee: Soybean Disease Field Day, Milan, Sept. 13

    September 15 @ 8:00 am - 5:00 pm
  9. California: Rice Weed Course, Biggs, Sept. 16

    September 16 @ 8:00 am - 5:00 pm
  10. Michigan: Soybean Harvest Equipment Field Day, Edwardsburg, Sept. 16

    September 16 @ 8:00 am - 5:00 pm
  11. Missouri: Farm Lease Program, Sept. 20

    September 20 @ 8:00 am - 5:00 pm
  12. California Almond Conference, Sacramento, Dec. 6-8

    December 6 @ 8:00 am - December 8 @ 5:00 pm

AFB Cotton Close: Market Turns Lower

Ernst Undesser
By Ernst Undesser April 24, 2012

Cotton Comment
Cotton turned lower today. The US crop is ahead of schedule, with USDA reporting 17% of the crop in the ground. That is compared with a 5 year average of 13%. There isn’t enough evidence of improving world economics to give cotton a big boost. Huge world stocks will limit upside potential.

 
Spot Price, Grade 41 Staple 34: Memphis down 102 at  83.96
Greenwood down  102 at 83.96

 

New York Futures: May down 104 at 8936
July down 102 at 9146
Oct down 79 at 9165
Dec down 59 at 8871
March ’12 down 61 at 8938

This week’s LDP rate for cotton is

0 cents
The estimate for next week is 0 cents

Ernst Undesser
By Ernst Undesser April 24, 2012