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Sep 29, 2024 · Georgia Cotton Industry Struggling with Helene’s Aftermath. By Jim Steadman | October 7, 2024. The Southeast is no stranger when it comes to dealing with hurricanes. But folks in Georgia will tell you that Hurricane Helene was a different beast altogether.
Cotton Highlights from October 2024 WASDE Report
3 days ago · By Jim Steadman |October 11, 2024. USDA has released its October 2024 World Agricultural Supply and Demand Estimates (WASDE) report. Here’s this month’s summary for cotton, with lower U.S. numbers accounting for losses from Hurricane Helene. On the global market, U.S. reductions are offset by increases in China, Brazil, and Argentina.
Has the Cure for Low Cotton Prices Set In? - Cotton Grower
The cure for low prices has finally set in. The recovery will be slow and, just like recovery from many ailments, there will be good and bad days. Some setbacks can be expected along the way. The mid- to high 70s uncovered enough demand to establish a market bottom most likely. Mills were enticed to make six-month high purchases.
Cotton Market Showing Positive Movement
Aug 31, 2024 · The market is suggesting 2024-25 production could fall as low as 116 million bales. Net sales of U.S. cotton on the week totaled 135,200 bales, a marginally acceptable amount. Pakistan was the primary buyer, a clear indication that their crop will likely be 1.5 million bales below the current USDA estimate.
Crop Progress: Cotton Catching Up to Five-Year Averages
Aug 21, 2023 · For a crop that’s generally been behind schedule for most the season, the 2023 U.S. cotton crop is progressing back to within a few percentage points of its 5-year average for mid-August. According to USDA’s Crop Progress report for the week ending Aug. 20, boll set is now visible in 81% of the crop – off average by 3 points.
Shurley: Reviewing the Current Cotton Outlook - Cotton Grower
Aug 9, 2024 · By peak planting time in May, we were 75 to 76 cents. Now we’re at less than 70 cents, around 68 cents. This price trend takes us below the cost of production for many growers. For irrigated production making 1,200 lbs per acre, the operating costs or cash costs or variable costs – whatever you want to call it – is 55 cents per lb.
News Archives - Cotton Grower
ICA, Supima Sign Cooperative Agreement. By Cotton Grower Staff | July 12, 2024. The International Cotton Association and Supima have signed and exchanged a memorandum of understanding to formally acknowledge the alliance and cooperation between the two cotton organizations. Presented By Corteva Agriscience.
Cotton Plantings Report Surprises Market, Potential for Better …
Jun 30, 2024 · Despite the very bearish USDA June plantings report, the potential for higher 2024 crop prices remains on track. Recall, we warned that higher prices would come very, very slowly and only bit by bit. Despite the report indicating that 11.67 million acres were planted to cotton across the U.S., most of the increased acreage was planted in the vast dryland of the Southern Plains – an area very ...
Market Analysis Archives - Cotton Grower
Sep 16, 2024 · Monthly Cotton Market Roundtable Set for September 12. By Cotton Grower Staff | September 8, 2024. Tune in to the Ag Market Network’s September 2024 Cotton Market Roundtable on Thursday, Sept. 12 at 1:30 pm CT.
Cotton’s Latest Price Rally Appears to Be Over
The rally generated a price high of 101.50 and, after five consecutive weeks of lower closes, the May contract settled the week at 86.25. It is done. July will try to rally back to 88 cents with a weak chance to trade the 90-cent level again. However, I doubt its success. The July contract is set to become the spot market contract as May begins ...