Agfax Buzz:

    June 11, 2012

    AFB Cotton Close: Mostly Lower

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Cotton Comment
    Cotton was mostly lower, the exception being nearby July. Upside potential will be limited by big world stocks. Unless there are some big surprises in the report it will be difficult for December to move to the 38 percent retrace meant near 77 cents.

     

    Spot Price, Grade 41 Staple 34: Memphis up 219 at  7109
      Greenwood up  219 at 7109

     

    New York Futures: July up 219 at 7509
      Oct up 3 at 6875
      Dec down 59 at 6929
      March down 71 at 7101
      May down 66 at 7194

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 Your email will not be published or shared with third parties.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

    Weekly Cotton Market Review1-30

    Farming: Leaner Profits Drive Farm Loans – Not for New Equipment1-30

    DTN Cotton Open: Futures Start off Lower1-30

    Georgia Cotton: Glyphosate-Resistant Pigweed Fight Requires Vigilance1-30

    Keith Good: Farm Programs’ Costs to Taxpayers Projected Higher by CBO1-30

    Doane Cotton Close: China Top Buyer of Surging Exports1-29

    AFB Cotton Close: Futures Build on Support, Exports1-29

    ELS Cotton Competitive Payment Rate Is Zero1-29

    DTN Cotton Close: Exports Surge Ahead1-29

    North Carolina: Cotton Variety Performance Data Available1-29

    DTN Cotton Open: Grower Sales Quicken1-29

    U.S. Energy: Market Balances Seen in Changing Futures Price Spreads1-29

    Gasoline Prices: Average Declines Again1-29

    Propane Stocks: Down 1.9M Barrels1-29

    Diesel Prices: Average Drops 7 Cents1-29

    Keith Good: Farm Banks See Spike in Demand for Loans, Survey Finds1-29

    Doane Cotton Close: Defies Negative Outside Markets1-28

    DTN Cotton Close: More Good Than Bad1-28

    DTN Fertilizer Trends: Fewer Pre-Purchases Than Normal1-28

    Ag Lenders’ Sentiment – Latest National Survey From K-State – (Audio)1-28

    Drones – The Next Big Tool in Agriculture1-28

    Ag Fuel Costs Likely to Dip, Chemicals to Rise in 2015 — DTN1-28

    DTN Cotton Open: Futures Begin Slightly Lower1-28

    Keith Good: Pacific Trade Pact Close to Completion, Official Testifies1-28

    Doane Cotton Close: Prices Looking for Bottom1-27

    Texas Crop Weather: Rains Improve Pasture, Wheat Outlook, Bring Soggy Fields1-27

    AFB Cotton Close: Futures Continue Recovery1-27

    DTN Cotton Close: India Gets In A Selling Mode1-27

    Cotton: Industry Recognizes Utah Researcher For Cotton Genome Efforts1-27

    DTN Cotton Open: Futures Start Slightly Higher1-27

    Keith Good: Pork Prices Drop as Hog Herd Recovers from PEDv Outbreak1-27

    Attention Weed Zombies – There’s a Robot Killin’ Machine in Your Future1-26

    Doane Cotton Close: Global Acreage Expected to Drop1-26

    DTN Cotton Close: Surges to Strong Gains1-26

    Wilbur-Ellis Shifts Operation from California to Colorado1-26

    USDA Clears Way for BASF’s Herbicide Engenia1-26

    DTN Fertilizer Outlook: Slow Demand Holds Prices Down1-26

    DTN Cotton Open: Bounces Following Trader Data1-26

    Flint on Crops: Can I Grow Conventional Cotton Profitably?1-26