Cotton futures prices are starting to reflect a projected record worldwide surplus in supply. December 2012 futures prices had dropped from 97 cents per pound in February to around 77 cents in early May.
Last week we reported that the Average Crop Revenue program (ACRE) might be an option worth considering for cotton producers finalizing their 2012 farm program participation decision. Unfortunately, that early assessment has been proven wrong and it doesn't appear that ACRE will offer a better choice for cotton producers than the Direct and Counter-cyclical (DCP) program in 2012....More
In the most recent WASDE Supply/Demand report, USDA made its first estimate of the 2012/13 Market Year Average (MYA) price of $0.65 to $0.85 (mid-point of $0.75). If a $0.75 MYA price is realized for the 2012/13 Upland cotton marketing year, then it might be worth looking at a nearly forgotten provision of the 2008 Farm Bill – the Average Crop Revenue (ACRE) program...More
Recent storms dropped hail on some cotton in the Coastal Bend. Deciding what to do with a field of cotton after a hail event is often a difficult decision yet can also be simple....More
What a difference a year makes. Or just a few timely rains.
Glen Ritchie, assistant professor of crop physiology at Texas Tech University, with joint appointment with Texas AgriLife Research, Department of Plant and Soil Science, says the Texas South Plains is in a lot better shape than at this time in 2011....More
The forecast for Texas cotton remains mixed, depending upon which part of the state you’re talking about, said Dr. Gaylon Morgan, associate professor and Texas AgriLife Extension Service state cotton specialist, College Station....More
Producers who rely on glyphosate-tolerant or “Roundup-resistant” crops probably should be expanding their weed-control toolbox, said Dr. Paul Baumann, Texas AgriLife Extension Service state weed specialist....More
Cotton futures prices are starting to reflect a projected record worldwide surplus in supply. December 2012 futures prices had dropped from 97 cents per pound in February to around 77 cents in early May....More
USDA’s May 10 projections for old and new crop cotton would have to be considered bearish as ending stocks are unchanged for old crop and prospects are for increased stocks for both the U.S. and the world in new crop....More
In a letter to Senate Agriculture Committee Chairwoman Stabenow (D-Mich.) and Ranking Member Roberts (R-Kan.), Sens. Coburn (R-Okla.) and Durbin (D-Ill.) have called for a $40,000 payment limit to be imposed on crop insurance premium subsidies....More
