Agfax
Cotton News
Shawn Hackett, Hackett Financial Advisors, says the June 30 reports have traditionally produced some fireworks, especially as they coincide with the end of the month and quarter which also triggers some portfolio re-balancing by the funds, but that didn’t happen Monday.
Matt Bennett, AgMarket.Net says, the corn market is breathing a sigh of relief as some whisper numbers on acreage were substantially larger than the March intentions.
Hear from the likes of AGCO, Claas, John Deere and others about what each farm equipment manufacturer is planning to invest in its U.S. manufacturing footprint.
It’s not just planting cotton farmers are battling this year. Soybeans are also struggling in the ground, and the corn is wind whipped or battered by hail and sand. With farmers staring at financial losses already this year, some worry this could push a growing number of them out of business.
Darren Frye, Water Street Solutions, says the grain markets saw risk off selling tied to President Trump’s threat of 50% tariffs on the EU on June 1.
Many farm organizations say the 68-page document released on Thursday is filled with “fear-based rather than science-based information about pesticides,” positioning that will sow seeds of distrust with the American public.
While most states anticipate a reduction in their total number of cotton acres, some exceptions exist. Farmers in Arizona, Virginia and Kansas are expected to plant more cotton than their respective 3-year averages.
A chief concern is whether glyphosate will be targeted by the report, which is expected to be unveiled on Thursday. A number of farmers have voiced concerns collectively and individually this week.
Shawn Hackett, Hackett Financial Advisors, says grain and cotton markets all ended lower on Friday and for the week. He provides several reasons he thinks the market participants are too bearish compared to the fundamentals.
Machinery Pete highlights three interesting salvage machines that sold on the auction circuit last week and previews an online mega-auction that will feature farm equipment from over a dozen states this Wednesday.