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Arkansas State’s annual ag business conference goes virtual Feb. 10

arkansas state kigi

Arkansas State University’s annual Agribusiness Conference will be a virtual event in 2021. Due to the COVID-19 pandemic, the 2021 virtual conference will be presented live via WebEx Wednesday, Feb. 10. The 27th annual conference will focus on the outlook for the economy and agribusiness, commodity markets, and the impact of the 2020 election on agricultural policy. The event will ... Read More »

Cotton prices rebound, but supplies remain high

texas panhandle cotton

Cotton prices recently bounced back following a steady fall driven by the pandemic’s effect on U.S. and global demand, according to a Texas A&M AgriLife Extension Service expert. Dr. John Robinson, AgriLife Extension cotton economist, Bryan-College Station, said the latest U.S. Department of Agriculture cotton estimate report, however, likely means prices won’t continue to climb. Robinson said cotton prices were ... Read More »

Forecast remains cloudy for the cotton market

Cotton trade

• By Yangxuan Liu • Since the first diagnosis of COVID-19, the spread of the pandemic worldwide has negatively affected global economic growth. According to the latest release by the Organization for Economic Cooperation and Development (OECD), global economic growth will decline by 6% to 7.6% in 2020, depending on whether there is a second wave of infections. Similar trends ... Read More »

Louisiana cotton crop planted; it’s going to be a small

louisiana cotton bales

• By Kenneth Gautreaux • Louisiana’s cotton farmers have nearly completed this year’s planting, and the crop size has shrunk when compared to earlier estimates. In early February, estimates had planting intentions for cotton around 230,000 acres, with the possibility it could be as large as 250,000 acres. Market conditions and loan availability have lowered that number considerably. LSU AgCenter ... Read More »

COVID-19 and recession cut cotton demand

texas cotton

Cotton producers face an uncertain market future as demand for cotton and cotton products, like apparel, tumbled due to COVID-19 stay-at-home orders and economic recession, said a Texas A&M AgriLife Extension Service economist. Dr. John Robinson, AgriLife Extension cotton marketing specialist, College Station, said cotton and the industries that touch it are sliding alongside the economy. Retail apparel sales numbers ... Read More »

World cotton demand plummets due to COVID-19 pandemic

georgia cotton

The rapid spread of COVID-19 has severely impacted the global cotton supply chain. An unexpected reduction in cotton mill use data is observed across all of the major cotton spinning countries, including China, India, Pakistan, Bangladesh, Turkey and Vietnam. Cotton spinning in China fell by upwards of 90% during the height of the pandemic in that country in early March. ... Read More »