After Some Turbulent Years, Dicamba Regulations Universal Nationwide
Spray drift issues led to lawsuits a few years ago, as some producers of dicamba-tolerant crops were sued by other producers because of damage to their crops.
Spray drift issues led to lawsuits a few years ago, as some producers of dicamba-tolerant crops were sued by other producers because of damage to their crops.
For the first time in ten years, U.S. cotton futures soared past the $1 mark on Tuesday, in part due to good export demand, especially from China.
It was a common sight to see cell phones being held up in the air when Billy Dunavant, Jr. from Memphis-based Dunavant Enterprises stood up to speak.
USDA released their latest World Agricultural Supply and Demand Estimates report on Thursday with an expectation for higher prices for wheat and corn, no changes for soybeans , but the highest price for cotton in almost 10 years.
It was a good week for international demand for U.S. wheat and soybeans, through increased sales, and for exports of wheat and cotton according to USDA’s Weekly Export Sales Report for the week ending July 15.
According to the Economic Research Service, consistent adoption of cover crops can increase the accumulation of organic soil matter, thus healthier soils.
For wheat, Net sales were down noticeably from the previous week, but up 55 percent from the prior 4-week average on increases primarily for Mexico, Taiwan, and Japan.
USDA released their latest Weekly Export Sales Report on Thursday, for the week ending April 1, 2021. Other than cotton, all commodities experienced lower sales, including marketing year lows for wheat and soybeans.
Mexico’s cotton production is forecast to increase 22 percent for this marketing year on increased global prices and ongoing drought conditions favoring cotton production over other more water-reliant crops.
As the Mexican government tightens regulations on their domestic commercial farming operations, it’s beginning to hit the cotton industry south of the border.
According to their Annual Planting Intentions survey, the National Cotton Council is projecting a decrease of more than 5 percent in domestic cotton acreage for 2021.
With other crop alternatives holding better odds for profitability, the National Cotton Council believes cotton acreage in the United States will fall 5.2 percent this year.
The council is set to release results of their annual Planting Intentions Survey Thursday.
Last week, the U.S. government announced it would seize all cotton products and tomato products produced in China’s Xinjiang Uyghur Autonomous Region.
USDA’s Animal and Plant Health Inspection Service announcing the deregulation of a cotton variety that uses genetic engineering for resistance to certain insects, primarily tarnished plant bugs.
Last week was an active one for export sellers as all major commodities, except wheat, experienced an uptick from foreign buyers.
In what was the equivalent of a data dump of crop information on Tuesday, USDA rounded out their reports with an annual crop production summary for 2020.
According to the Foreign Ag Service, U.S. wheat sales were up 38 percent from the previous week (616,500 metric tons) on purchase from Mexico, Japan, and Thailand.
The outlook for U.S. wheat this month is for slightly smaller supplies, unchanged domestic use, higher exports, and lower ending stocks.
All cotton production is forecast at 15.9 million bales, down 7 percent from the previous forecast and down 20 percent from 2019.
The Foreign Agriculture Service is reporting Brazilian cotton planting at 3.7 million acres, with the production of just over 12 million bale.
According to the Foreign Agriculture Service, yields in the South Eastern region has been better than expected due to favorable weather conditions.
Indonesia’s cotton consumption for 2019/20 has declined to a 10-year low of 2.4 million bales due to weaker domestic and overseas demand related to COVID-19.
USDA released their latest Weekly Export Sales report on Friday reveling a big week for U.S. wheat, corn and cotton exports.
USDA released their monthly Crop Report on Tuesday, providing a late-season glance at the projected size of the corn, cotton and soybean crops.
Weather issues are weighing heavily on the U.S. cotton crop this year due to recent hurricanes in the Mid-South and expanding drought in West Texas.
The top destination this marketing year for U.S. cotton is China, according to a recent CoBank quarterly report.
Thanks to a recent $2.3 million National Science Foundation grant, Purdue University cell biologist Dan Szymanski will lead an effort to increase fiber length for upland-grown cotton.
World Cotton Day provides an opportunity to shine a spotlight on the sector’s importance to the livelihoods of millions of farmers, processors and traders around the world, says WTO Deputy Director-General Alan Wolff.
A major global competitor for U.S. cotton producers are preparing to harvest a slightly larger crop this year, according to the Foreign Agriculture Service.
USDA lowered their production estimates for the U.S. cotton crop last week by one million bales from the August projection.
India’s cotton industry is banking on a big year after increasing acreage by 3 percent in 2020.
Slowly over the last two years, the U.S. cotton industry has increased it share of exports to China.
USDA’s Foreign Agriculture Service projects 2021 Brazilian cotton plantings at 3.7 million acres, down 10 percent from the current harvest.
USDA’s Economic Research Service is projecting FY 2021 cotton exports to fall to $5 billion, down $400 million from 2020 due to a shorter domestic crop and increased foreign competition.
The COVID-19 global shutdown has weighed heavily on the cotton and textile industries. As economies begin to reopen there has been some improvement in economic activity, yet consumer spending on apparel has led to a drop in year-over-year demand.
Plains Cotton Growers is reporting more than 75 percent of the dryland crop on the High Plains has been abandoned, mainly due to drought.
While USDA is projecting a 17.5 million bale cotton crop this season, domestically, there’s a tug-of-war between bullish and bearish news that may drive the markets for the remainder of 2020.
Most of the Texas High Plains continue to deal with drought, and rows of dryland cotton are telling the story.
China took the headlines in cotton as the standout overseas buyer for the quarter, helping lift cotton prices from the multi-year lows dredged in March and early April.
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