Agfax Buzz:

    May 11, 2012

    AFB Cotton Close: Taking A Shellacking

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Cotton

    Cotton is taking a shellacking. Yesterday’s limit decline appears to be just a prelude to what could happen. December futures closed just above 76 cents. World stocks grew in yesterday’s report and with a 2012 crop that is expected to exceed use will move higher. USDA projected 2012/13 world stocks of 73.75 million bales. The cure for low prices is low prices. This should start cotton on the road to regaining lost market share.

     

    Spot Price, Grade 41 Staple 34: Memphis down 285 at  7247
    Greenwood down  285 at 7247

     

    New York Futures: July down 285 at 7897
    Oct down 312 at 7848
    Dec down 303 at 7634
    March down 298 at 7758
    May down 284 at 7871
    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 Your email will not be published or shared with third parties.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

    Rose on Cotton: Looking for the Positives This Week11-21

    Cleveland on Cotton: 57 Cents – ‘The Bottom is In’11-21

    Ag Labor: Immigration Order Provides Little Long-Term Benefit – DTN11-21

    Doane Cotton Close: Decline in Chinese Production Offers Support11-21

    AFB Cotton Close: Futures Rebound11-21

    DTN Cotton Close: Settles Higher on Light Volume11-21

    Ag Policy: Farm Bills Need Long-Term View11-21

    Cotton Market Weekly Review by Region11-21

    Arkansas Corn: Growers Investing in On-Farm Storage11-21

    DTN Cotton Open: Trades Higher after No Notices Issued11-21

    Mississippi: 7 Farm Bill Workshops Slated for December11-21

    Vilsack: Immigration Order Creates ‘Stability’ in Ag Work Force — DTN11-21

    Keith Good: What’s Next for Meat Labeling?; Sugar Prices Take Tumble11-21

    Texas Cotton Harvest – Still Some To Go – AgFax11-20

    Doane Cotton Close: Exports Continue Well Ahead of Pace11-20

    Mississippi: Water Conservation Summit, Stoneville, Dec. 1011-20

    Farm Internet Service Still Slow or Non-Existent, But Improving – DTN11-20

    AFB Cotton Close: Futures See Renewed Pressure11-20

    DTN Cotton Close: Dec. Hits 5-Year Low11-20

    U.S. Drought Outlook: Improvements Expected for California, Southwest11-20

    DTN Cotton Open: Slips to Slight Losses11-20

    U.S. Energy: Planned Refinery Maintenance Light in 201411-20

    Propane Stocks: Post Slight Increase11-20

    Gasoline Prices: Decrease by 5 Cents11-20

    Diesel Prices: Average Drops 2 Cents11-20

    Keith Good: Weather Brings Close to Upper Mississippi Shipping Season11-20

    California Crops: Yield Survey Reports On Cotton, Alfalfa And Tomatoes – AgFax11-19

    AFB Cotton Close: Unable to Break 60 Cent Resistance11-19

    Doane Cotton Close: Price Leak Continues11-19

    Farm Runoff Targeted for Regulation Following Algal Bloom Shutdown – DTN11-19

    DTN Cotton Close: Gives Back March Gains11-19

    Georgia: Diesel Prices Lowest in 4 Years11-19

    DTN Cotton Open: Futures Meander Slightly Lower11-19

    Keith Good: Farm Industry Divided over Immigration Executive Order11-19

    Farm Bill Commodity Program: Decisions and More Decisions11-18

    Doane Cotton Close: Further Price Erosion Likely11-18

    AFB Cotton Close: Futures Recover Slightly11-18

    Young Farmers: USDA is the ‘Lender of 1st Opportunity’ – DTN11-18

    DTN Cotton Close: Finishes Near Day’s Highs11-18

    Tax Extenders: Farm Groups Push Congress to Renew Section 179 This Year – DTN11-18