There are a bunch of items to discuss relating to cotton this week.
- The most glaring idea is that the market is moving into some interesting territory that changes the profitability levels of the crop from that of just making a good living to actually being able to get some of the debt from the bad years of 2015 and 2016 taken care of.
- However, for most farmers, good risk management requires locking in profitable levels which was happening back in March.
- Now with the prospects of better pricing opportunities, switching some fields to cotton from soybeans will make a lot of sense.
Now that brings us to the other items, all of which are being challenged from the recent rains and the continued wet forecast.
- Cotton planting and cotton spraying are both in front of us, and for many local farming operations, it is just too wet to make either one happen.
- I think with three issues in front of us, I would put spraying resistant weeds as the top priority.
- The second priority is to finish planting, and spraying for thrips would be the third priority in fields that do not have a weed concern.