Agfax Buzz:

    July 3, 2014

    AFB Cotton Close: Futures Continue Lower

    AgFax.Com - Your Online Ag News Source

    Closing commodity reports from the Arkansas Farm Bureau Commodity Staff.

    Cotton Comment

    Cotton futures were trading lower. All cotton acreage is now estimated to be 11.4 million acres. That is up 3% from the previous USDA estimate and up 9% from a year ago. Upland cotton is up 10% at 11.2 million while American Pima is down 11% at 178,000 acres. Expectations for weakening demand also factor in heavily to today’s price action. December is now trading at its lowest level in a year. The market charted another leg down today, but found support at 72.51 for the time being.

     

    Futures:
    High Low Last Change
    Jul ’14 - – - - – - 76.22 -0.47
    Oct ’14 72.23 71.52 71.79 -0.47
    Dec ’14 72.62 71.52 72.06 -0.41

    Memphis, TN Cotton and Tobacco Programs

     

    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 Your email will not be published or shared with third parties.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: Prices Surge Higher11-26

    Residential Heating Oil Prices Lower11-26

    Propane Stocks Fall 2M Barrels11-26

    Gasoline Prices Drop 7 Cents11-26

    Diesel Prices Fall 3 Cents11-26

    Texas: Hopkins County Designated Natural Disaster Area11-26

    Alabama: 4 Counties Designated as Primary Disaster Areas11-26

    Texas Cotton: AgriLife’s On-Farm Variety Trials Available11-26

    DTN Cotton Open: Posts Slight Gains in Quiet Trade11-26

    Farm Income Down 21%; Expenses Up 5.7% – USDA Forecast11-26

    Georgia Cotton: Crop Unfazed by Early November Frost11-26

    Keith Good: Net Farm Income to Drop 21.1% from 2013, ERS Forecasts11-26

    Doane Cotton Close: Outside Strength Helps Prices Rebound11-25

    AgFax Cotton Review: New Stink Bug App; India Exports Drop11-25

    DTN Cotton Close: Higher on Light Volume11-25

    Tax Breaks: Waiting for 2014 Equipment Deduction, Biofuel – DTN11-25

    Georgia: 10 Farm Bill Meetings Scheduled for Mid Dec.11-25

    Texas Crop, Weather: Water Supply, Crop Prices Remain a Concern11-25

    Georgia Cotton: Thankfully, Harvest Almost Finished11-25

    DTN Cotton Open: Futures Edge Slightly Higher11-25

    Shurley on Cotton: New Round of Weakness Sets In11-25

    Keith Good: Farmers Care About a Labor Force, Not Politics — AFBF11-25

    Alabama: Row Crop Harvest Nearly Done — USDA11-24

    AFB Cotton Close: Trading at 5-Year Lows11-24

    Doane Cotton Close: Another Down Day11-24

    DTN Cotton Close: Finishes Just Above Contract Low11-24

    Farmland Partners Buys 7 South Carolina Farms for $28M11-24