Cotton

Late-season rain cut into cotton harvest — another chapter in a year where too much early and mid-season rain inhibited growth, followed by drought and 100-degree days that parched peak season production.

While it’s unclear how Congress will push through the Farm Assistance and Revenue Mitigation Act, it’s likely going to be via the Continuing Resolution. Depending on how payments are calculated, farmers could receive $101 per acre for corn, $53 for soybeans and $73 for wheat.

Deer are feasting on crops at unprecedented rates as the No. 1 economic pest in some farm regions.

Cleanup is underway, but it could take years to put the pieces back together. Farmers say with lower commodity prices, many were already on the financial brink before the storm.

Damage estimated between $95 billion and $110 billion. Farmers in South Georgia were assessing the damage to the state’s $1 billion cotton crop and $400 million pecan crop now in harvest season.

We recap this week’s price action and provide outlook for the next 5, 30 and 90 day segments.

Bayer has requested a new label for XtendiMax from EPA. Public comment is underway. Also, farmers and retailers are urged to verify final sale and use cutoff dates for dicamba-based products in their respective states.

Two consecutive years of drought has been devastating for farmers in West Texas, and with forecasts of a transition to La Niña, economists and cotton leaders say it will force even more cotton farmers to call it quits.

While the expectation is for cotton acres to increase in the June acreage report, another key question is if cotton demand can continue to find footing and support higher prices.

Two new studies from Locus Ag and Pivot Bio found the use of biological products consistently increased yields in a variety of crops across a range of growing conditions.