Agfax Buzz:

    May 2, 2012

    AFB Cotton Close: Narrow Trade Ends Mixed

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Cotton Comment
    Cotton traded in a narrow range and ended mixed. Renewed export registration by India provided the initial market pressure. That appears to have run its course with improved U.S. economic reports providing outside influence. A disappointing employment report, showing only 119,000 jobs created in April, added pressure across the board. Long term the market still must deal with huge world stocks which will limit upside expectations.

     

    Spot Price, Grade 41 Staple 34: Memphis down 17 at  8201
    Greenwood down  17 at 8201

     

    New York Futures: May down 5 at 8746
    July down 17 at 8951
    Oct down 17 at 8903
    Dec down 36 at 8658
    March ’12 up 13 at 8802

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 Your email will not be published or shared with third parties.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

    Rose on Cotton: Gin Show Visit – High Quality Cotton Still in Demand2-28

    AFB Cotton Close: Selling Continues with Wide Range2-27

    Doane Cotton Close: Technical Selling, Profit-Taking Weigh on Market2-27

    Cotton Base Acres Count as Generic Base Under Farm Bill2-27

    DTN Cotton Close: Texas Could See More Freezing Rain, Snow2-27

    Shurley on Cotton: Improvement Slows Down, but What Else Did We Expect?2-27

    Weekly Cotton Market Review – USDA2-27

    Arkansas Cotton: Acreage, Infrastructure Slip Away with Weaker Demand2-27

    Keith Good: Chinese Corn Imports Not Likely to Recover; Food Stamp Debate Wages On2-27

    USDA Changes Deadline: Yield History Update, Reallocation Base Now Due March 312-27

    Pinnacle’s Sanders in 9 Southern States with Newest Acquisition2-27

    DTN Cotton Open: Higher Finish on Last Trade Day of February?2-27

    Texas: Master Marketer Program Hits 25th Year, Going Strong2-27

    North Carolina Cotton: Resistant Horseweed – 3 Burndown Options For 20152-27

    ELS Cotton Competitive Payment Rate Is Zero2-26

    California Cotton: 25th Annual Growers Meeting March 62-26

    NRCS Invests $84M Natural Disaster Funds in 13 States2-26

    DTN Cotton Close: Bounces Off New High2-26

    Early Spring Best Time to Test and Tune Farm Machinery2-26

    DTN Cotton Open: Trades Mixed on Heels of Export Data2-26

    Pesticide Drift: Calm, Still Days Are Most Dangerous – DTN2-26

    Keith Good: Global Soybean Issues; Vilsack on Crop Insurance; Food Stamps Re-Revisited2-26

    Doane Cotton Close: Lack of Deliverable Supplies Supports March2-25

    U.S. Energy: ExxonMobil California Refinery Outage – Implications for Oil Markets2-25

    Propane Inventories, Prices Dip2-25

    Gas Prices Continue to Climb2-25

    Diesel Prices on the Rise2-25

    DTN Cotton Close: Futures Rally Off Early Losses2-25

    California: 9 Counties Designated Natural Disaster Areas2-25

    Arizona: 2 Counties Designated Natural Disaster Areas2-25

    Texas: Sutton County Designated Natural Disaster Area2-25

    Texas: Planter Clinic, Dimmit, March 112-25

    DTN Cotton Close: Cash Grower Sales Increase2-25

    Keith Good: Exports Damaged by Port Delays; Ethanol Production Cutting Back2-25

    Keith Good: Senate Ag Committee Hears from Farmers2-25

    Doane Cotton Close: Bounces on Short-Covering2-24

    AFB Cotton Close: Dec. Tests Resistance2-24

    Arkansas: Deadlines Approaching for 2014 Farm Bill Considerations2-24

    Oklahoma Cotton: 2014 Extension Cotton Project Annual Report2-24

    DTN Cotton Close: China to Remain Main Market Driver2-24