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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.
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 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.
A cotton gin in Kansas is seeing near-record production.
Bayer-Monsanto Combination Likely Too Big in U.S. Cottonseed (2)
This corner of rural West Texas is as reliant on farming, boom-and-bust oil cycles and declining segments of a bygone manufacturing economy as it is reliably red in the voting booth.
While most South Plains cotton has already been harvested, non-defoliated fields are awaiting a freeze.
China’s wall of cotton is coming down.
Food blogger Vani Hari is known as an eager critic of how food is produced and consumed who tends to draw strong followers – and detractors. Her latest, a hit piece on cottonseed oil, drew a lengthy response from Cotton Incorporated.
This effective but dangerous chemical went off the market in 2010 after legal and regulatory battles took their toll. But six years later, could aldicarb be mounting a comeback?
China holds more than half of the world’s growing cotton stockpile, and it’s running out of storage space.
Cotton production in The Golden State is on a decline for the fourth straight year, as farmers find it increasingly hard to justify growing it amid a multiyear drought.
The three companies that produce a majority of U.S. cottonseed recently announced their new varieties for the 2015 crop season.
Cotton entered a bear market as improved prospects for crops in the U.S., the world’s biggest exporter, compounds the outlook for abundant world supplies.
The government’s forecast for cotton farm prices during the current marketing year is below many farmers’ cost of production.
China is hoarding a record amount of cotton, increasing the risk of a supply surge that would tip prices into a bear market.
Soybean futures headed for the longest rally since March 2012 on signs of rising demand from China, the world’s largest buyer. * Soybean gained 1.3% to $15.1425/bu * Corn futures rose 0.3% to $5.325/b on CBOT * Wheat futures gained 1.8% to $7.0075/b
Check out this online resource from the National Cotton Council.
While cotton prices rallied recently, more competitive crops may win out this year. And this could create a 30-year low in cotton production.
Breeders promise that new varieties will be better suited to hot weather
Most of this reduction in stocks is expected to take place outside of China.
U.S. cotton supply and demand estimates include slight revisions, resulting in an increase of 300,000 bales in forecast ending stocks.
Strong warming to raise soil temps across the Corn Belt.
State corn and soybean weather and condition report highlights.
Many areas of the Corn Belt are in need of rain to improve soil moisture reserves.
Says bottom line is what’s important -- beef is safe.
Lowers crop estimate by 2 million metric tons.
Showers also are benefiting winter wheat on the Plains.
Report to show On Feed at 102% of year-ago, which is below last month’s level.