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LDP Rates


Peanut LDP RatesĀ 

Cotton LDP Forecast and RatesĀ 

County LDP Rates


Quotes
 
@CT - COTTON #2 - ICEFU
  High Low Last Chg
May 81.27 79.42 80.21s - 0.12
Jul 81.46 79.84 80.65s 0.03
Oct 76.50 76.50 76.79s 0.41
Dec 75.59 74.75 75.49s 0.12
Mar 76.85 75.92 76.75s 0.44
May 76.81 76.27 77.00s 0.44
Jul 77.50 76.50 77.21s 0.42
 
@S - SOYBEANS - CBOT
  High Low Last Chg
Mar 956'6 936'0 952'0s 10'4
May 964'2 941'6 958'0s 10'4
Jul 972'0 950'0 965'4s 9'4
 
@W - WHEAT - CBOT
  High Low Last Chg
Mar 478'0 468'6 470'6s -7'6
May 492'0 478'0 481'4s -8'0
Jul 504'4 491'0 494'4s -7'6
 
@C - CORN - CBOT
  High Low Last Chg
Mar 360'4 352'4 355'4s -3'2
May 365'4s -3'4
Jul 381'4 373'4 376'4s -3'4

DTN Ag Headline News
US Corn Prices May Find Support
Seed Trait Battles Raise Eyebrows
DTN Fertilizer Outlook
For Argument's Sake
DTN Retail Fertilizer Trends
Get More Coverage for the Money
Trapped in Grain
Take the Stress Out of Calving Season
Personalize Crop Insurance Decisions

Headline News
OPEC Raises 2010 Oil Demand Forecast 03/10 08:04
Senate to Pass Jobless Aid, Tax Breaks 03/10 07:20
Poll: Prez More Popular Than Congress 03/10 07:15
Obama Pushes on Health Care 03/10 07:16
Gates: Some Could Leave Afghan. Early 03/10 07:23
Israel Apologizes to Biden 03/10 07:25
Greek Strike Set for Thursday 03/10 07:27
Stocks Rise After Inventories Fall 03/10 15:34

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Did You Know?

In 1840 the total United States population was 17,069,453
Farm population was 9,012,000 (estimated)
Farmers made up 69% of labor force


Fact courtesy of the USDA


 
Daily Radio Show

March Cotton Update
3-5-2010

First of all, this will become a daily update again by the end of the month.  Currently local farmers are still in the planning mode for figuring out the best options for 2010 plantings.  Cotton acreage is growing significantly for the first time since grain prices took off in 2007.  Now cotton (along with cows) is finally the most bullish option, although other crops look ok as well.  Here are severalideas to think about:
  1. Sign up for CRC crop insurance by March 15 in Virginia.  This insurance offers both yield and price protection and looks like a good marketing plan as well as production insurance at these prices.  Traditionally we could lock in mimimum price contracts for price, but with the high premium cost for options, you are only protecting you price in the mid to low 60's.   Compare this to CRC insurance which gets you in the low 70's for much less money.
  2. The market is very bullish and expectations are high but you never know.  Be sure and set up a plan.  As the old crop price outperforms everybody's expectation, the new crop seems satisfied that it will get enough acreage planted at current levels (assuming stable grain prices).  Once the acreage is set which will no doubt be an increase, then the weather, economic, and world events take over.  Can go either way, but expect a lot of volitility.
  3. Burndown could begin by the end of the month.  The issues that would suggest early burndown are if using 2,4-D to kill Marestail (Horseweed) or primrose, the label has a 30 day waiting period.  Another issue is the turfy conditions caused by bluegrass or other dense rooted weeds that do not break down quickly especially on medium to heavy soils.  This is only a minor concern on course and sandy soils.  Otherwise, burndown can wait till a couple of weeks pre-plant or even closer if the cover is sparse.  On sandy soils, blowing conditions in the spring in large openings are a bigger concern and later burndown makes sense to insure there is a protective cover remaining after planting.
     

Cotton News

 


Local Radar
Windsor, VA
Chg Zip Code: 
 
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Local Forecast
Windsor, VA
Chg Zip:

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High: 73oF
Low: 37oF
High: 63oF
Low: 48oF
High: 65oF
Low: 51oF
High: 65oF
Low: 54oF
High: 62oF
Low: 47oF
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Local Conditions
Windsor, VA
Chg Zip Code: 
Temp: 66oF Feels Like: 66oF
Humid: 52% Dew Pt: 48oF
Barom: 29.95 Wind Dir: N
Cond: Partly Cloudy Wind Spd: 0 mph
Sunrise: 6:24 Sunset: 6:09
As reported at SUFFOLK, VA at 5:00 PM
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