Cotton
Mild, seasonal weather expected first half of the week.
Meteorologist David Tolleris provides his weekly update.
Wet weather in some areas and dry conditions in others are wrecking havoc on some farmer’s planting progress this spring.
With new crop cotton futures over $1.20, cotton will compete fiercely for U.S. acreage this spring, and many analysts expect it to come out a winner.
Despite less-than-ideal soil conditions and above-normal temperatures, U.S. corn growers harvested the third largest crop on record.
Capacity of off-farm commercial grain storage in the United States totaled 9.74 billion bushels on December 2010, up 3% from December 2009.
Corn for grain production is estimated at 12.4 billion bushels, down 1 percent from the Nov. 1 forecast and 5 percent below the record high production of 13.1 billion bushels set in 2009.