The cotton market is on fire, taking a 180 degree turn from just two years ago. Cotton futures are seeing a big boost in recent days.
Cotton prices extended a rally to the highest since June 2014 amid buoyant demand for U.S. exports and signs of a squeeze on July futures. Bullish options jumped for the second straight session as volume surged.
According to the USDA, 21 percent of the cotton crop is now in the ground, slightly behind the 5-year average.
Cotton planting in the southern U.S. has picked up from a week ago, moving from 14% complete to 21% complete, but remains slightly behind the five-year average.
With alarm bells ringing in multiple states over confirmed PPO-resistant pigweed, is the weed control cavalry expected in soybean fields anytime soon? Bolstered by new technologies, help might be on the way within the next five years.
The Environmental Protection Agency recently approved NemaStrike, by Monsanto for 2018. The product is still pending state approvals, but this marks another step toward getting the product in farmer hands.
Waterhemp has piled on genetic muscle and built documented resistance to herbicides from six separate site of action groups in Illinois. Yet, even more alarming are the consequences of stacked resistance in waterhemp. Once resistance begins stacking, what’s the snowball effect of a weed juggernaut?
Two Bootheel farmers with a match of tousled hair, blue eyes and easy manner may be the most unique brother and sister farming operation in the United States.
A robotic pigweed killer may provide a 90% reduction in chemical use, maintenance of tractor speed at 6 mph, and the polar opposite of broadcast spraying.
In the USDA Prospective Plantings report that was released March 31, the agency predicted there will be 2.1 million acres of cotton this year, a 800,000 acre increase from their original estimated of 1.3 million acres.
While rain pours in parts of the Midwest farmers in southern states are moving right along with corn and cotton planting. This week put Texas ahead of planting average while other states are just getting started.
The USDA’s Prospective Planting report will give the industry a starting point on acreage for the spring planting season, and cotton is looking to win back farmers in 2017. Early estimates are predicting up to 1 million acres.
About two years. That’s all the time you have to prove to the Environmental Protection Agency (EPA) you and your neighbors will follow new dicamba formulation label requirements, or the agency could let its approval expire at the end of 2018.
Web extra for the March Farm Journal story "Get Ready for Dicamba Herbicides."
Farmers need to plan ahead and communicate to avoid damaging crops, especially when using dicamba herbicides. Before spraying know the area, communicate with neighbors and take advantage of online resources to ensure you’re taking appropriate precautions for downwind sensitive areas.
Farmers from 10 states are eligible to join a potential class action against Monsanto from dicamba drift damage. States include Alabama, Arkansas, Illinois, Kentucky, Minnesota, Mississippi, Missouri, North Carolina, Tennessee and Texas.
DuPont Crop Protection received federal approval for FeXapan herbicide plus VaporGrip technology for use in Roundup Ready 2 Xtend soybeans and cotton. DuPont licensed this dicamba herbicide from Monsanto last summer.
The market didn’t get the memo that U.S. cotton growers will be planting more cotton acres this spring.
Cotton futures jumped to the highest in more than two years on bets that robust demand will continue for supplies from the U.S., the world’s biggest exporter.
Cotton markets usually aren’t discussed at the AgDay agribusiness desk. John Payne of Daniels Trading is discussing the cotton rally and the opportunities to market the crop.
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