Agfax Buzz:

    December 12, 2012

    AFB Cotton Close: Higher on Technical Buying

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Cotton Comment
    Cotton was higher as technical buying provided follow through on yesterday’s gains. March futures moved above 75 cents and are less than a penny below the 38% retracement objective of 76.14 cents. Export movement has been good, as evidenced by yesterday’s upward bump of 200,000 bales in the supply demand numbers. That is a positive, but a long ways from solving the world supply situation.




    Spot Price, Grade 41 Staple 34: Memphis down 22 at  7187
    Greenwood down  22 at 7187

     

    New York Futures: March up 22 at 7512
    May up 21 at 7600
    July up 14 at 7677
    Oct up 14 at 7735
    Dec up 9 at 7822
    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 Your email will not be published or shared with third parties.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

    Georgia: Crop Consultants Offer Expert Advice For Farming Decisions – VIDEO8-29

    Mississippi Cotton: Healthy Crop Tempered by Slumping Prices8-29

    DTN Cotton Open: Extends Prior-Session Loss8-29

    Farm Payments to Stakeholders Rise as Gov. Payments Decline – USDA8-29

    Young Farmer in Your Future? – Helping Him or Her is Key to Success. – DTN8-29

    Tennessee Cotton: Cool Temperatures Set Crop Back8-29

    Net Farm Income Forecast to Fall,10.6% Decline Crop Value – USDA8-29

    Keith Good: Corn, Soybean Farmers May Face Financial Pinch in 20158-29

    AFB Cotton Close: Market Turns Lower8-28

    Doane Cotton Close: News from China Moves Market Lower8-28

    Missouri: Moth Trap Data for Bootheel Pests8-28

    Alabama: Pesticide Clean Days, Sept. 3-48-28

    Oklahoma: Peanut and Cotton Field Tour, Fort Cobb, Sept. 238-28

    Oklahoma: Fall Cotton Tour, Hydro, Sept. 118-28

    North Carolina Cotton: Bollworms Developing in Bt Fields8-28

    Farm Drones Under Scrutiny: Farmers Impatient for FAA Ruling – DTN8-28

    DTN Cotton Close: Settles at 3 Session Low8-28

    Georgia Cotton: Boll-Feeding Insects on the Prowl8-28

    John Deere Lays Off 460 from Waterloo, Iowa Factory8-28

    DTN Cotton Open: Slides Even after Supportive Sales8-28

    U.S. Energy: Retail Gas Prices Follow Crude Prices Lower8-28

    Gasoline Prices: Decline by 2 Cents8-28

    Propane Stocks: Up to 74.7M Barrels8-28

    Diesel Prices: Average Drops a Penny8-28

    Georgia: Summer Drought Plus Heat Putting Stress on Crops8-28

    Keith Good: Map Controversy Puts EPA on Defensive about Water Rule8-28

    Cotton – Midsouth – Bolls Opening, Early Defoliation Nears – AgFax8-27

    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 Map Waters to Block Clean Water Act Changes – DTN8-27

    Texas: 2 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