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 Your email will not be published or shared with third parties.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

    Rose on Cotton: We told you. Old Crop is Too Cheap.4-24

    GMOs – Why Some People Lose Reason About The Technology4-24

    Dow’s Enlist Weed Control – How the System Works4-24

    AFB Cotton Close: Strong Exports a Boon to Prices4-24

    Mississippi Crop Insurance: Prevented-Planting and Generic Base Acres4-24

    China’s Ag Production: More Corn, Wheat, Rice, Cotton, Less Soybeans4-24

    John Deere: Your Tractor But Not Your Software – DTN4-24

    Georgia Cotton: 7 Tips to Reduce Seedling Diseases4-24

    Weekly Cotton Market Review – USDA4-24

    DTN Cotton Open: Cash Grower Sales Resume4-24

    FMC Corporation Completes Acquisition of Cheminova4-24

    Arkansas: Whole Farms Budgets Helps Calculate Costs, Returns4-23

    U.S. Drought Monitor Quick Look Video – AgFax4-23

    ELS Cotton Competitive Payment Rate Is Zero4-23

    Arkansas: Crop Enterprise Budgets Mobile App Updated4-23

    DTN Cotton Close: Strong Exports, Heavy Trade4-23

    U.S. Drought Monitor: Strong Rains in Southeast, Great Plains4-23

    DTN Cotton Open: Bales Top Expectations4-23

    Irrigation Systems: Are All Your Systems Go?4-23

    Residential Propane, Heating Oil: Inventories Increase4-22

    AFB Cotton Close: Dec. Building Support4-22

    Diesel: Prices Increase Across U.S.4-22

    Gasoline: Average Price Up from Last Week4-22

    U.S. Energy: May Tight Oil Production Expected to be Lower than April’s4-22

    Weed Management: A Regional Approach – Farmdoc4-22

    DTN Cotton Close: Export Shipments Expected Higher4-22

    Utah: 2 Counties Declared Natural Disaster Areas Due to Drought – USDA4-22

    Oregon: 4 Counties Declared Natural Disaster Areas Due to Drought – USDA4-22

    USDA’s Hands Tied on Cuban Trade Promotion – DTN4-22

    Tennessee: Gramoxone Applications Affected by Time of Day4-22

    Cotton Market: Neutral on Old Crop, Bullish New Crop – Rabobank4-22

    DTN Cotton Open: Cash Business Sales Quicken4-22

    AFB Cotton Close: Slow Planting Progress4-21

    Herbicide Resistance: Tank Mixing the Key to Control – DTN4-21

    Texas Crop Weather: Heavy Rains Continue to Benefit Wheat, Delay Other Plantings4-21

    DTN Cotton Close: Industry Groups Oppose Prevented Planting Changes4-21

    Drought: New Stress Detecting Sensors Help Manage Water Use4-21