The cotton market has now bulled through 90 and 91 cents and set the stage for a challenge of 93 cents. However, that barrier most likely will not fall until the September world supply demand report is released with USDA’s first objective crop estimate. Granted, Mother Nature can continue with her efforts to further trip-up this crop.
Read MoreThe cotton market nearly traded the 92-cent level as it posted another round of new contract highs. The market is being driven by a sturdy bullish trend and hopes global demand will improve. There are fears rising from the COVID-19 delta variant may cause economic disruptions, but as the world becomes more vaccinated, the global economy should improve. It was interesting to see cotton higher Friday in the fact of a very stout U.S. dollar. The greenback, as with cotton, was higher on larger-than-expected jobs data from Friday’s unemployment report.
Read MoreCotton gathered substantial heat units last week, but the crop is still a couple weeks late, on average, across the Midsouth. Fingers are crossed for a warm fall with little to no rain to finish out the cotton crop. A little early planted cotton in Mississippi is at cutout, so the countdown begins.
Bollworm and tobacco budworm numbers are on the rise, already reaching the highest populations we’ve seen in years. This is just the beginning, but the southern regions are sending out treatments.
High moisture corn harvest has started. Reports are a lot of the crops have rebounded from the less-than-ideal beginnings and look promising now – we still have hope for the cotton. No yield reports have been announced yet.
Read MoreCotton demand has recovered faster than anyone expected since the pandemic slammed the market last year and will continue to support prices moving forward, according to National Cotton Council Economist Jody Campiche.
Read MoreFor 2022, John Deere will target increased capacity and efficiency with the company's third generation of round-bale cotton harvesters, the CP770 picker and CS770 stripper.
The John Deere 690 was introduced to the market in 2015 as an update to the John Deere 7760, which a decade ago changed on-the-go harvest and ginning with its round modules.
Read MoreThe Department of Agriculture’s Commodity Credit Corporation today announced a special import quota for upland cotton that permits importation of a quantity of upland cotton equal to one week’s domestic mill use. The quota will be established on August 5, 2021, allowing importation of 11,607,075 kilograms (53,310 bales of 480-lbs) of upland cotton.
Read MoreStink bug and bollworm populations are increasing, but this is just the beginning for some areas. Although spotty in Louisiana and Arkansas, some growers in these areas are still fighting an uphill battle with plant bugs. Aphids and spider mites are popping up in Mississippi but reports of the Fungus wiping out aphid populations across the Midsouth is promising.
Fall armyworms move north with reports in Louisiana declining as the fight in Tennessee ramps up. Consistent with past reports, pyrethroid misses are still occurring, but the alternatives are becoming hard to get ahold of.
Read MoreThe cotton markets last week climbed to over 90-cents a pound. Cotton market analyst Dr. O.A. Cleveland predicted that a while back and knows why.
“Demand has carried us all the way. And particularly the US consumer has been an exceptionally strong engine that’s been driving this market,” says Cleveland.
Read MoreHow will this year’s weather conditions affect crop production? The Monthly Agricultural Yield Survey conducted by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) will survey U.S. farmers beginning July 30, 2021, regarding yields of the major row crops and hay, as well as hay stocks throughout the growing season across the United States.
Read MoreSince planting, we've had a lot of rain in southwest Arkansas and northwest Louisiana. I think we might have got one third of our cotton planted this year. Corn has been hurt pretty bad by the wet weather, but it's coming on now. We're still a few weeks away from anyone trying to harvest any corn.
Read MoreRain continues over much of the Midsouth providing a break from many pests for some but creating difficulties with Pix applications. Many areas saw rain for four days straight over the weekend, and there’s more in the forecast for this weekend. Just as the cotton was starting to pick back up, more water.
For the most part, pest pressure is light, including bollworms. Plant bugs are still consistent in most areas, but some have reported declining populations in Louisiana. The focus is back on the rain, allowing sprays to go out if populations build.
Read MoreThe U.S. 2021/22 cotton projections show higher production, exports, and ending stocks compared with last month. While the June 30 Acreage report shows 300,000 fewer planted acres for U.S. cotton than NASS’s previous survey, a rainfall-driven reduction in projected Texas abandonment means U.S. harvested area is projected 9 percent higher.
Read MoreAverage spot quotations were 41 points higher than the previous week, according to the USDA, Agricultural Marketing Service’s Cotton and Tobacco Program. Quotations for the base quality of cotton (color 41, leaf 4, staple 34, mike 35-36 and 43-49, strength 27.0-28.9, and uniformity 81.0-81.9) in the seven designated markets averaged 83.59 cents per pound for the week ending Thursday, July 8, 2021.
Read MorePlant bugs continue to increase across the board, and most fields are requiring multiple applications as adults move back in. Bollworm numbers are expected to rise in the next week based on time of year and egg reports.
Other than plant bugs, most pests have been quiet. Green cloverworms are noticeable in Mississippi, and Arkansas is still battling spider mites. Sugarcane aphids are still light in milo.
Corn is in the home stretch.At this point, most say it’s going to make a pretty good crop, especially with current prices.
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