Pre-Harvest Expectations 8-26-15 The last USDA crop report had Virginia at 1200 pounds per acre. That was even more optimistic than I am and obviously they have a different way of estimating yield other than walking in fields. During the middle of August, I thought we had a shot as a region of going over 1000 pounds again for the 4th year in a row. Now that we have largely missed some forecasted rainfall that would have gone a long way towards locking in a top yield, we realistically will be under that benchmark of 2 bales straight through. Nevertheless, it is not gloomy as I am hoping with favorable conditions during the harvest period; we will still have a 9 as the front number. Some of the areas that have squeaked through and caught some better amounts of rainfall in August will still pull in better than two bale cotton. Although the futures market is struggling, this year we have a better basis going into harvest and if the LDP continues to hold the same relationship with the futures market as it does now, we should have decent opportunity to net in the upper 60’s. Maybe better with a little luck and timing.
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