Agfax Buzz:

    May 10, 2012

    AFB Cotton Close: Rocked by Ever Increasing Stocks

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Cotton Comment
    Cotton was rocked by ever increasing world stocks. The 2011/12 production is expected to exceed use by 6.73 million bales. That will push stocks to 13.75 million bales. Smaller U.S. plantings are expected to see a million acres more harvested than in 2011, with production up 1.43 million bales to 17 million. U.S. stocks are projected to rise to 4.9 million bales. Limit down moves left the cotton market dark red. December fell to 79.37 cents and further losses are probable.




    Spot Price, Grade 41 Staple 34: Memphis down 400 at  7532
      Greenwood down  400 at 75

     

    New York Futures: July down 400 at 8182
      Oct down 400 at 8160
      Dec down 400 at 7937
      March down 400 at 8056
      May down 400 at 8155

    This week’s LDP rate for cotton is

    0 cents
      The estimate for next week is 0 cents

    Tags: , , , ,

    Leave a Reply

    Name and Email Address are required fields. Your email will not be published or shared with third parties.

    Agfax Cotton News

    AFB Cotton Close: Solid Gains Unable to Reach Resistance8-27

    DTN Cotton Close: Climbs to New Rally High8-27

    Doane Cotton Close: Technical Strength Continues8-27

    Cotton – Southeast – More Open Bolls, Lingering Pests – AgFax8-27

    Farm Groups Release Water Maps to Challenge CWA – DTN8-27

    2 Texas More Counties Make Natural Disaster List8-27

    Southwest May Face ‘Megadrought’ This Century, Say Scientists8-27

    DTN Cotton Open: Trades Slightly Lower within Tight Span8-27

    California: Cotton Research Update Meeting Sept. 16 in Tulare8-27

    Tennessee: Cotton Variety Tour Slated Sept. 9 in Somerville8-27

    Keith Good: Net Farm Income Forecast at $113.2B, Down 13.8% from 20138-27

    Cotton in Southwest – Early Yield Reports Good; Oklahoma Needs Rain – AgFax8-26

    DTN Fertilizer Trends: Prices Unlikely to See Significant Declines8-26

    Doane Cotton Close: Dec. Tops 40-Day Average8-26

    AFB Cotton Close: Dec. Continues to Work Higher8-26

    Your Farm Business and the Affordable Care Act8-26

    DTN Cotton Close: Highest Finish in a Month8-26

    Texas Crop Weather: Watch for Armyworms in Heading Sorghum8-26

    Arkansas: UA Cotton Field Day Slated Sept. 9 at Manila8-26

    North Carolina: Corn Harvest Begins Amid Continued Showers – USDA8-26

    DTN Cotton Open: Futures Move Slightly Higher8-26

    Missouri: Fisher Delta Center Field Day Set Sept. 2 in Portageville8-26

    Keith Good: Farm Incomes, Capital Spending Show Decline in 2nd Quarter8-26

    California: Good Growth in Cotton, Almond Harvest Continues – USDA8-25

    Florida: Armyworms Still a Problem in Hay — USDA8-25

    Doane Cotton Close: Finishes Down Very Slightly8-25

    Kansas: Crops Missed by Recent Showers Showing Stress – USDA8-25

    New Mexico: Rains Improve Soil Moisture, Delay Silage Harvest – USDA8-25

    DTN Cotton Close: Rallies to Finish Little Changed8-25

    Arizona: 50% of Cotton Bolls Open, 4% Defoliated – USDA8-25

    AFB Cotton Close: December Working Higher8-25

    Virginia: Rains Boost Soil Moisture, Benefit Crops – USDA8-25

    Missouri: Corn, Soybeans Making Good Progress — USDA8-25

    Oklahoma: Summer Heat Returns, Depletes Soil Moisture – USDA8-25

    Arkansas: Harvest Begins in Limited Areas, Rice Fields Being Drained – USDA8-25

    Texas: Crops Make Good Progress, Harvests Underway in Some Areas – USDA8-25

    Alabama: Crop Conditions Steady as Temperatures Rise – USDA8-25

    Mississippi: Harvest Gets Underway with Hot, Dry Weather – USDA8-25

    South Carolina: Hot, Dry Conditions Aid Corn Harvest, Stress Other Crops – USDA8-25

    Georgia: Many Areas Dry, Suffering Heat Stress – USDA8-25