Agfax Buzz:

    April 25, 2012

    AFB Cotton Close: Moderately Lower

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Cotton Comment
    Cotton was modestly lower today. China’s larger than expected plantings weighed on the market. However, it should be noted that an almost 10% cut in plantings will mean China will have to import more cotton, or use part of their stocks. The size of the U.S. crop, which is a big question, will be a major factor in whether this market can move higher. December resistance is layered in 3 cents intervals beginning at 91 cents.




    Spot Price, Grade 41 Staple 34: Memphis down 66 at  8330
    Greenwood down  66 at 8330

     

    New York Futures: May down 47 at 8889
    July down 66 at 9080
    Oct down 36 at 9129
    Dec down 7 at 8864
    March ’12 down 1 at 8937

    This week’s LDP rate for cotton is

    0 cents
    The estimate for next week is 0 cents

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    Agfax Cotton News

    Oklahoma: Warm Weather Continues, Crops Need Moisture – USDA9-2

    Georgia: Crop Suffering from Lack of Rain, Armyworms Damaging Pastures – USDA9-2

    Alabama: Hot, Dry Conditions Persist Across State – USDA9-2

    South Carolina: Corn Harvest Underway, Other Crops Need Moisture – USDA9-2

    Georgia Cotton: Late Season Fertility Decisions9-2

    North Carolina: Corn Harvest in Full Swing – USDA9-2

    Arizona: Cotton in Mostly Good Condition with 54% Open Bolls – USDA9-2

    Doane Cotton Close: Crop Condition Slips Slightly9-2

    Texas: Harvest Progresses, Peanut Diseases in Southern High Plains – USDA9-2

    Kansas: Corn Harvest Underway, Slightly Behind Average – USDA9-2

    DTN Cotton Close: Lowest Finish Since Aug. 199-2

    Virginia: Corn Harvest Gets Started with Dry Weather – USDA9-2

    Texas: Randall County Ag Show and Crops Tour Slated Sept. 239-2

    California: Cotton Showing Good Growth, 25% Open Bolls – USDA9-2

    Missouri: Crops Progressing Well – USDA9-2

    Alabama: Website Created to Help Navigate Farm Bill9-2

    DTN Cotton Open: Tumbles to Five-Session Low9-2

    South Carolina: Crop Production Field Day Set Sept. 25 at Blackville9-2

    Keith Good: Rail Service Problems Persist; Hog Prices Rebounding9-2

    Texas Cotton Industry Mourns The Death Of Economist Carl Anderson9-1

    China Cotton: Reserves’ Quantity, Quality Cause Problems – DTN9-1

    Keith Good: Production Costs Out of Balance with Expected Revenues9-1

    Flint on Crops: Rain Is Better Than Well Water9-1

    California Cotton: Defoliation Just Around The Corner – AgFax8-31

    California Cotton: Managing Late Pests, Preventing Sticky Problems8-31

    Texas Cotton: Managing Late Fields – Hale And Swisher Counties8-30

    California Cotton: Late-Season Symptoms – Should You Worry?8-30

    Rose on Cotton: Plenty of Gaps and No Rallies Expected8-29

    California Cotton: West Side Field Day Set For September 118-29

    Cleveland on Cotton: Chinese Demand Pulling Prices Higher8-29

    Doane Cotton Close: Futures Unable to Recover Losses8-29

    Mississippi Cotton: When to Terminate Bollworm Sprays in Late Bt Fields8-29

    DTN Cotton Close: Late Rally Leaves Dec. Flat8-29

    AFB Cotton Close: Dec. Moves Fractionally Lower8-29

    Farm Bill: Cotton Transition Assistance Enrollment Now Open8-29

    Mississippi Cotton: Healthy Crop Tempered by Slumping Prices8-29

    DTN Cotton Open: Extends Prior-Session Loss8-29

    Farm Payments to Stakeholders Rise as Gov. Payments Decline – USDA8-29