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Cotton prices may suffer during coronavirus pandemic

cotton ready to harvest

•By Yangxuan Liu • Along with the life-and-death struggle and the rising cases of COVID-19, financial markets worldwide have lurched lower. The selloff of the U.S. stock market started Feb. 21. Since then, the great coronavirus crash has been frightening in its speed. Even U.S. Treasury bonds and gold, traditionally a safe harbor in times of crisis, have come under ... Read More »

NCC outlook: U.S.-China Phase 1, coronavirus bring uncertainties

export bales warehouse

National Cotton Council economists point to a few key factors that will shape the U.S. cotton industry’s 2020 economic outlook. This past year can be characterized as a year with significant uncertainty and volatility in the global economy and the world cotton market. On Jan. 15, President Donald Trump signed the Phase 1 trade agreement with China. As part of ... Read More »

Arkansas ginning goes into extra innings

Bootheel cotton

For the second straight year, Arkansas’ “ginning season” may go into extra innings. Despite the wet weather delays, growers had good reason to be optimistic about their 2019 crop, said Bill Robertson, Extension cotton agronomist, and Scott Stiles, Extension economist for the University of Arkansas System Division of Agriculture. The optimism is palpable, taking the form of a bale backlog ... Read More »

Cotton prices low amid poor market conditions

round bale of cotton

Texas cotton growers face poor prices amid high domestic and foreign production, coupled with weakening demand, said a Texas A&M AgriLife Extension Service expert. Dr. John Robinson, AgriLife Extension cotton marketing specialist, College Station, said low cotton prices and unfavorable market conditions are making the 2019 growing season a difficult one for Texas producers. Cotton futures have settled around 65 ... Read More »

Is A Perfect Storm Brewing?

arizona cotton

Arizona’s High Cotton Status May Be Worst Possible Outcome During Current Trade Wars • By Julie Murphree • The other day via my @CottonAggie Twitter account I reported, “Arizona farmers expect this year’s Upland cotton crop to yield an average of 1,527 pounds per acre, the third-highest yield ever recorded,” according to the U.S. Department of Agriculture National Agricultural Statistic ... Read More »

USDA Releases County-By-County MFP Payment Information

usda logo

The U.S. Department of Agriculture has released a county Market Facilitation Program payment schedule for growers with commodities that have been affected by foreign retaliatory tariffs. The assistance covers specialty crops, non-specialty crops, dairy and hogs. The rates range from $15 to $150 per acre, depending on the impact the tariffs have had on that particular county. They are the ... Read More »