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Cotton Marketing News– September 26, 2014

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The last 2 weeks have not been pretty.  Prices have tumbled to levels not seen in 5 years.  Since recovering to 68 cents on September 11 and 12, prices (Dec14 futures) have lost over 6 ½ cents (10%) through yesterday—closing at 61.4 cents.  Prices are up just a bit so far today.  We all agree this is not a good time to be trying to sell cotton.  Considering the fact that cotton was once at 80 cents or better, nothing will appear relatively attractive at this point; but growers nevertheless need to carefully consider their options.  The big news events over the past week or more have been China.  Details have begun to emerge about China’s price support policy and imports.  The impact of these policies is unknown and we do not yet know full details.  Both have been, at least initially, interpreted as negative for global and US cotton prices.Neither of these policies directly addresses the still-remaining elephant in the room—China’s looming 60+ million bale stockpile.

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Register for the Cotton Incorporated 2014 Crop Management Seminar: November 12-13, 2014 at the Tifton Campus Conference Center

Posted on by Guy Collins

Cotton Incorporated invites you to attend the upcoming 2014 Crop Management Seminar. It will be held November 12-13, 2014 at the University of Georgia’s Tifton Campus Conference Center in Tifton, GA. Today’s cotton grower faces many challenges to produce a cotton … Continue reading

2013 Georgia Cotton Research-Extension Report

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The 2013 Cotton Research and Extension Report is now available.  This report presents results of research trials conducted during 2013 by University of Georgia researchers and Extension specialists.  Click below and read further on how to view and download the Report.

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Cotton Marketing News– September 11, 2014

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Today’s crop estimate is 16.54 million bales—down almost 1 million bales from the August estimate.  Acreage planted was reduced, abandonment was increased slightly, and yield was lowered.  As a result of the smaller crop, projected US exports for the 2014 crop year were reduced 700K bales.  Overall, the report is probably neutral to slightly bearish.  There is likely some resistance at the 67 to 68 cent area.  I don’t know that there are currently enough positives to break through and move closer to the 7’s; but hopefully today’s numbers will at least solidify the bottom and the trading range around 65 cents.

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2014 Farm Bill Update: Acreage History for Base Reallocation

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2014 Farm Bill Update:  Acreage History for Base Reallocation
 Under the 2014 Farm Bill, landowners will have a 1-time opportunity to reallocate bases and update payment yields of “covered commodities” on a farm.  This includes all major row crops in Georgia, excluding cotton.  The Farm Service Agency (FSA) sent out letters to farmers and landowners on July 28 notifying them of their planted and considered planted acreage history from 2008 to 2012.  There is a 60 day deadline for reviewing the planting history.  This is NOT a 60-day deadline for making the base reallocation/update decision.  Within the 60-day period, farmers and landowners must only review the planted acreage history for accuracy.  If there is any discrepancy or question about the acreage history, contact the local FSA office before the deadline to let them know you want to review the acreage history.

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