The Latest

Events

  1. Illinois: Crop Management Conferences, Jan. 20 – Feb. 10

    January 20 @ 8:00 am - February 10 @ 8:00 am
  2. Texas: Wild Pig Management Workshop, Luling, Feb. 9

    February 9 @ 8:00 am - 5:00 pm
  3. Ohio: Corn College Workshop, Greenville, Feb. 10

    February 10 @ 8:00 am - 5:00 pm
  4. Arkansas State Agribusiness Conference, Jonesboro, Feb. 10

    February 10 @ 8:00 am - 5:00 pm
  5. Texas: Feed-Grain Marketing Workshop, Amarillo, Feb. 10-11

    February 10 @ 8:00 am - March 11 @ 5:00 pm
  6. West Florida Crops Meeting, Jay, February 11

    February 11 @ 7:45 am - 12:00 pm
  7. Georgia: Ag Business Planning Workshop, Glennville, Feb. 11, 18

    February 11 @ 8:00 am - February 18 @ 5:00 pm
  8. Alabama-Florida Peanut Trade Show, Dothan, February 11

    February 11 @ 8:00 am - 5:00 pm
  9. Four States Agricultural Exposition, Texarkana, Feb. 11

    February 11 @ 8:00 am - 5:00 pm
  10. Ohio: Agronomy Workshops, Wooster, Feb. 15, 16

    February 15 @ 8:00 am - February 16 @ 8:00 am
  11. Louisiana: Irrigation Management Workshop, Marksville, Feb. 16-17

    February 16 @ 8:00 am - February 17 @ 8:00 am
  12. Tennessee: Irrigation Meeting, Somerville, Feb. 16

    February 16 @ 8:00 am - 5:00 pm
  13. Tennessee: Cotton Focus Meeting, Jackson, Feb. 18

    February 18 @ 8:00 am - 5:00 pm
  14. Illinois: Ag Tech Innovation Summit, Champaign, Feb. 18

    February 18 @ 8:00 am - 5:00 pm
  15. Texas: Oil, Gas Leasing Workshop, College Station, Feb. 22

    February 22 @ 8:00 am - 5:00 pm
  16. Texas: Wild Pig Management Workshop, Burnet, Feb. 24

    February 24 @ 8:00 am - 5:00 pm
  17. Mississippi: Ag Waste Disposal Day, Charleston, Feb. 24

    February 24 @ 8:00 am - 5:00 pm
  18. Virginia: USDA Agricultural Outlook Forum, Arlington, Feb. 25-26

    February 25 @ 8:00 am - February 26 @ 5:00 pm
  19. Georgia: Pest Manager Training, Forsyth, Feb. 25

    February 25 @ 8:00 am - 5:00 pm
  20. Tennessee: Winter Row Crop Marketing Meeting, Mason, Feb. 25

    February 25 @ 8:00 am - 5:00 pm
  21. Texas: Rice Technical Working Group, Galveston, March 1-4

    March 1 @ 8:00 am - March 4 @ 8:00 am
  22. Texas: Rice Technical Working Group Conference, Galveston, March 1-4

    March 1 @ 8:00 am - March 4 @ 5:00 pm
  23. Indiana Small Farm Conference, Danville, March 4-5

    March 4 @ 8:00 am - March 5 @ 5:00 pm
  24. Kansas: 103rd Annual Cattlemen’s Day, Manhattan, March 4

    March 4 @ 8:00 am - 5:00 pm
  25. Kentucky: Integrated Pest Management Training, Princeton, March 2

    March 6 @ 8:00 am
  26. Oklahoma: Irrigation Conference, Woodward, March 8

    March 8 @ 8:00 am - 5:00 pm
  27. Oklahoma: Pecan Management Course, Stillwater, March 8

    March 8 @ 8:00 am - 5:00 pm
  28. Missouri: Free Pesticide Collection Event, Portageville, March 12

    March 12 @ 8:00 am - 5:00 pm
  29. Florida: Carinata Summit, Quincy, March 15-16

    March 15 @ 8:00 am - March 16 @ 5:00 pm

 

AgFax Media. LLC

142 Westlake Drive Brandon, MS 39047

601-992-9488 Office

Owen Taylor Debra L. Ferguson Laurie Courtney

      

Circulation Questions?

Contact Laurie Courtney

 

Doane Cotton Close: 6th Consecutive Day of Losses

Ernst Undesser
By Ernst Undesser May 7, 2012

The cotton market settled lower Monday, making for 6 consecutive days of losses in the December contract. Both July and December fell to fresh 4 1/2 month lows. Futures declined steadily since early this morning, and with selling setting in hard ahead of the close. July finished 132 points lower at 86.67 cents and December was down 107 points at 84.73 cents.

        
         

Rain in the southeast over the weekend and more rain this week across much of the Cotton Belt pressured the market. Forecasts for west Texas were calling for 2 to as much as 4 inches of rain in some areas last week, but those forecasts have since been revised lower. Still, the rain is expected to be spread out over this week, with most of it coming on Tuesday, which should be better for soil absorption rather than losing the rain to runoff.Monday’s Crop Progress report from USDA showed 36% of the crop planted as of May 6, well ahead of last year and the 5-year average of 24% and 28%, respectively. The states that are the furthest ahead of normal are Alabama, Arkansas, Louisiana, Mississippi and Tennessee.

Last week’s export report was mixed for cotton. Upland sales were negative 25,226 running bales due to cancellations from China and Indonesia. Pima sales were positive, however, at 11,032 running bales. Total shipments were a strong 336,373 running bales. Total shipments so far are 8.43 million bales, compared to USDA’s estimate of 11.4 million. Combined with outstanding sales of 3.65 million bales this puts the total at 12.08 million bales. There are typically some bales carried over at the end of the marketing year, but there is still some cushion right now where the cancellations are not a threat to reducing the export estimate.

Ernst Undesser
By Ernst Undesser May 7, 2012