The Latest

Events

  1. Oklahoma: Canola Schools – August 2 and 4

    July 20 @ 5:00 am - August 5 @ 1:00 am
  2. InfoAg Conference, St. Louis, Aug. 2-4

    August 2 @ 8:00 am - August 4 @ 5:00 pm
  3. Tennessee: Mid-South Ag Finance Conference, Martin, Aug. 3

    August 3 @ 8:00 am - 5:00 pm
  4. Arkansas: RiceTec Field Day, Harrisburg, Aug. 3

    August 3 @ 8:00 am - 5:00 pm
  5. New Mexico: Ag Science Center Field Day, Clovis, Aug. 3

    August 3 @ 8:00 am - 5:00 pm
  6. Texas: Cotton Fiber Quality Conference, Lubbock, Aug. 4

    August 4 @ 8:00 am - 5:00 pm
  7. Arkansas Rice Expo, Stuttgart, Aug. 10

    August 10 @ 8:00 am - 5:00 pm
  8. North Mississippi Row Crops Field Day, Verona, Aug. 11

    August 11 @ 8:00 am - 5:00 pm
  9. Texas: Small Grain Workshop, Brownwood, Aug. 11

    August 11 @ 8:00 am - 5:00 pm
  10. Texas: Pre-Plant Wheat Meeting, Amarillo, Aug. 12

    August 12 @ 8:00 am - 5:00 pm
  11. Kansas: Farm Succession Planning Seminar, Jewell, Aug. 16

    August 16 @ 8:00 am - 5:00 pm
  12. Illinois: Agronomy Day, Savoy, August 18

    August 18 @ 8:00 am - 5:00 pm
  13. Kansas: Farm Risk and Profit Conference, Manhattan, Aug. 18-19

    August 18 @ 8:00 am - August 19 @ 5:00 pm
  14. Kansas: Water Management Field Day, Colby, Aug. 23

    August 23 @ 8:00 am - 5:00 pm
  15. Georgia: Pest Manager Training Workshop, Savannah, Aug. 26

    August 26 @ 8:00 am - 5:00 pm
  16. Louisiana: Sweet Potato Field Day, Chase, Aug. 31

    August 31 @ 8:00 am - 5:00 pm
  17. Georgia Peanut Tour, Tifton, Sept. 13-15

    September 13 @ 8:00 am - September 15 @ 5:00 pm
  18. 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