Cotton
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.
See all the important data and analysis from today’s reports.