The Farm Bill and congressional ad hoc spending take care of farmers and ranchers during difficult times.
However, things change when a crop cannot be harvested. That is especially true in the cotton industry, where there’s no safety net for gins, warehouses, and others who process raw cotton.
Texas is working to change that.
Tony St. James has the story.
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The Louisiana cotton crop is the smallest on record, but strong yields are a silver lining. LSU AgCenter’s Craig Gautreaux reports from northeast Louisiana.
Market analyst Kevin Huddleston said news of trade deals could rebound cotton prices in late fall, and producers need to be ready to strike deals.
Farmers will need to closely monitor forecasts if the regulatory changes are implemented, as temperature cutoffs will replace fixed spray dates.
Strong corn exports are anchoring U.S. trade, while soybean sales remain steady, but shipments lag.
China’s buying decisions continue to be a critical factor in shaping cotton prices and export opportunities worldwide.
Cotton farmers should weigh potential PLC payments against STAX coverage and act before the September 30 deadline.
Corn and beef exports showed strong momentum, cotton sales surged, and soybean sales held steady, though China remains absent from the U.S. market.
Harvested acres are estimated at 90.0 million, making this year’s corn crop one of the largest since the 1930s.
China has been largely absent from U.S. markets lately, but not when it comes to cotton. It’s a buy that, traders say, isn’t surprising given China’s limitations.
