Futures Market, Rotation Positive For Cotton
Carroll Smith
"Realistically, I think it will be the end of January before we can get a pretty good idea of what farmers are thinking," Bourland says. "On the extreme positive side, we could see cotton acres in Arkansas potentially go up 10 percent."
Red Dec (Dec 2010) Trades High
Shane Stephens, vice president of Staplcotn's warehouse division in Greenwood, Miss., says many farmers note that the cotton market is getting interesting – based on current futures prices – plus they need to rotate.
"A lot of producers who haven't planted cotton in the last few years and others who have planted only a small percentage of their traditional acreage are signing up with Staplcotn to put themselves in a position to take advantage of the current futures market levels," Stephens says. "As this market has gone above 72 cents futures to as high as 78 cents futures, more farmers are pricing a percentage of their 2010 cotton.
source : cottonfarming
Carroll Smith
"Realistically, I think it will be the end of January before we can get a pretty good idea of what farmers are thinking," Bourland says. "On the extreme positive side, we could see cotton acres in Arkansas potentially go up 10 percent."
Red Dec (Dec 2010) Trades High
Shane Stephens, vice president of Staplcotn's warehouse division in Greenwood, Miss., says many farmers note that the cotton market is getting interesting – based on current futures prices – plus they need to rotate.
"A lot of producers who haven't planted cotton in the last few years and others who have planted only a small percentage of their traditional acreage are signing up with Staplcotn to put themselves in a position to take advantage of the current futures market levels," Stephens says. "As this market has gone above 72 cents futures to as high as 78 cents futures, more farmers are pricing a percentage of their 2010 cotton.
source : cottonfarming
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