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Tag "Don Shurley"

Shurley on Cotton: Use Is Key to Price Strength and Stability

Shurley on Cotton: Use Is Key to Price Strength and Stability

👤By Don Shurley, University of Georgia Ag Economist 🕔Nov 20, 2017

Back in May, when most of the 2017 cotton crop still remained to be planted, USDA released its first supply and demand projections for the 2017 crop marketing year. That first projection for total World use was 115.75 million bales.

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Shurley on Cotton: Changes in the Loan Program and Rate for 2017

Shurley on Cotton: Changes in the Loan Program and Rate for 2017

👤By Don Shurley, University of Georgia Ag Economist 🕔Oct 9, 2017

The marketing assistance loan (MAL) is an important tool used by many producers and marketing associations in cotton pricing and risk management. In addition to research and farmer education, I teach courses in commodity marketing and agricultural policy and I

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Shurley on Cotton: Market Makes a Hard Landing

Shurley on Cotton: Market Makes a Hard Landing

👤By Don Shurley, University of Georgia Cotton Economist 🕔Sep 15, 2017

Apparently, USDA’s September numbers took the market by surprise. I don’t quite understand why that should have been the case but apparently it was. To a lot of folks that know cotton and keep a close eye on things, the

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Shurley on Cotton: Harvey, Irma, and Other Unknowns as We Move Into September

Shurley on Cotton: Harvey, Irma, and Other Unknowns as We Move Into September

👤By Don Shurley, University of Georgia Cotton Economist 🕔Sep 1, 2017

The human toll on life and property from Hurricane Harvey is horrific. Harvey is being tabbed as the worst natural disaster in our nation’s history. The losses are still being determined and recovery could take years. It almost seems disrespectful

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Cottonseed Proposal, FY18: Details You Need to Know About Generic Base

Cottonseed Proposal, FY18: Details You Need to Know About Generic Base

👤By Don Shurley, University of Georgia Ag Economist 🕔Aug 15, 2017

With the 2014 farm bill, cotton base on a farm became Generic Base. If you’ll recall, cotton base on a farm was frozen (could not be increased or decreased) but all other bases on the farm (bases of “covered commodities”

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Shurley on Cotton: So Much for the 18-Mln Bale Scenario – And Higher Prices

Shurley on Cotton: So Much for the 18-Mln Bale Scenario – And Higher Prices

👤By Don Shurley, University of Georgia Ag Economist 🕔Aug 14, 2017

Prior to last week’s USDA crop production estimates, the 2017 US cotton crop was projected at 19 million bales. There seemed to be general consensus, given the crop conditions in parts of Texas, that the crop would not get bigger

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U.S. Cotton Policy: How We Got Here. And, What’s Next?

U.S. Cotton Policy: How We Got Here. And, What’s Next?

👤By Don Shurley, University of Georgia Cotton Economist 🕔Aug 1, 2017

Under the 2014 farm bill, cotton is not a “covered commodity” and not eligible for the ARC and PLC programs. Cotton’s “safety net” is STAX but STAX has not been as well utilized and accepted by growers as expected. One

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Georgia: Estimating 2016 ARC, PLC Payments For Covered Commodities

Georgia: Estimating 2016 ARC, PLC Payments For Covered Commodities

👤By Don Shurley and Adam Rabinowitz, University of Georgia Ag Economists 🕔Jul 26, 2017

A PLC payment is issued when the MYA Price is less than the PLC Reference Price. Estimates of the MYA Price are available during the crop marketing year and, while the final MYA Price may not be known, any estimated/projected

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Shurley on Cotton: Prices Continue to Flounder in New, Lower Range

Shurley on Cotton: Prices Continue to Flounder in New, Lower Range

👤By Don Shurley, University of Georgia Cotton Economist 🕔Jul 14, 2017

This week’s USDA crop production and supply and demand estimates for July did little to correct the direction in prices. The report was actually not bad, but prices continue to show no improvement. The following are highlights from the report:

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Shurley on Cotton: Lower Than Expected Acres Add to Market Uncertainty

Shurley on Cotton: Lower Than Expected Acres Add to Market Uncertainty

👤By Don Shurley, University of Georgia Cotton Economist 🕔Jul 6, 2017

Last week’s USDA Acreage report did not deliver as expected. The market (Dec futures) initially reacted upward but seemingly has now re-established its pre-report bearish tone. These are cautious and confusing times for producers who seek to manage risk in

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