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Futures
@CT - COTTON #2 - ICEFU
Month Open High Low Last Change Close Time More
May 19 75.40 75.91 74.89 75.08 -0.42 75.50 08:28A Chart for @CT9K Options for @CT9K
Jul 19 76.58 76.98 76.01 76.19 -0.41 76.60 08:28A Chart for @CT9N Options for @CT9N
Oct 19 75.10 75.06 Chart for @CT9V Options for @CT9V
Dec 19 74.51 74.68 74.33 74.49 -0.03 74.52 08:27A Chart for @CT9Z Options for @CT9Z
Mar 20 75.35 75.44 75.33 75.34 -0.02 75.36 08:27A Chart for @CT0H Options for @CT0H
May 20 75.63 75.78 Chart for @CT0K Options for @CT0K
Jul 20 75.93 76.06 Chart for @CT0N Options for @CT0N
Oct 20 74.44 0.34 74.44s 03/15 Chart for @CT0V Options for @CT0V
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
May 19 910'0 911'4 904'2 907'6 -1'4 909'2 08:28A Chart for @S9K Options for @S9K
Jul 19 923'0 925'0 918'0 921'0 -2'0 923'0 08:28A Chart for @S9N Options for @S9N
Aug 19 929'4 930'0 924'2 928'2 -0'4 928'6 08:24A Chart for @S9Q Options for @S9Q
Sep 19 933'4 935'0 929'2 932'4 -0'6 933'2 07:45A Chart for @S9U Options for @S9U
Nov 19 943'0 944'2 938'0 941'0 -1'4 942'4 08:27A Chart for @S9X Options for @S9X
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
May 19 463'2 464'0 457'4 460'6 -1'4 462'2 08:28A Chart for @W9K Options for @W9K
Jul 19 469'4 469'6 463'6 466'6 -1'4 468'2 08:28A Chart for @W9N Options for @W9N
Sep 19 477'4 478'0 472'4 476'0 -0'6 476'6 07:45A Chart for @W9U Options for @W9U
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
May 19 374'0 375'4 372'4 373'2 0'0 373'2 08:28A Chart for @C9K Options for @C9K
Jul 19 383'0 384'4 381'6 382'4 0'2 382'2 08:27A Chart for @C9N Options for @C9N
Sep 19 389'2 390'2 388'0 388'6 0'0 388'6 08:03A Chart for @C9U Options for @C9U
Dec 19 396'2 397'4 395'2 396'2 0'2 396'0 08:28A Chart for @C9Z Options for @C9Z
Mar 20 407'0 408'2 406'0 407'0 0'0 407'0 08:24A Chart for @C0H Options for @C0H
My Custom Markets
Symbol Open High Low Last Change Close Time More

Johnny's Blog
Do They Even Teach this Stuff in School?
3-12-19
I find it interesting … particularly this time of year amongst our typical office chores of drawing up budgets, working with banks, taxes, and other financial stuff … that we really were never taught that financial stuff in school.  Not even one class on how compounding interest works, the future value of money, or opportunity costs, and how consumer debt robs wealth.  I had a young man who is a good friend call me Sunday.  He recently got a pretty good job and is just out of trade school.  He started off asking about boats.  (Turns out he knows I am sort of a marine enthusiast.)  The way this story goes, is he really wants a new 4x4 truck but his credit score is not good enough to borrow $30 grand.  So he wants to start with a smaller debt to build up his credit score.  Let that marinate a minute.  I challenged him to start saving $750 a month while he is thinking about it, because that is how much extra money it was going to cost including higher taxes and insurance costs.  I told him in 5 years with average returns, and delaying the new truck purchase, he would end up with $55,000 and still have a high mileage truck, OR he could buy the new truck now and it would only be worth maybe $10,000 5 years from now.  “Never thought of it that way” he said.

 
I know there is an agricultural message in this story, and it probably has something to do with why I believe letting the budget drive our crop expenses. 
 
For the young folks, if you never heard, the basic rules that the successful people would tell my generation when we were young were pretty simple; here they are:
  1. Give 10% of your personal income away (Not the farm’s gross receipts). It might be the most important factor because it changes your perspective.  Getting our eyes off of ourselves is not natural but is amazing.  (You can question it if you want, but the successful folks told me to do this. Plus it’s pretty basic bible talk)
  2. Save 10%
  3. Live on 80%(of course, if you want to get rich, simply decrease living expenses and increase savings and giving, but if you just learn to live on 80%, you don’t need to be rich.)
An alternative method I was introduced to is a seven step process developed by Dave Ramsey. (Search Financial Peace University)
Seems like I need a refresher course every few years - more for the discipline and motivation, than the information.

DISCLAIMER: The data contained herein is for informational, conversational, and philosophical thinking and is for general purposes only. Ideas expressed apply to the Upper Southeast growing region. Although the information was obtained from various sources, which we believe to be reliable, we do not in any way guarantee its accuracy or completeness. Comments are influenced by past experiences, personal bias and hypothetical speculation by the writer and are not always accurate predictors of future events. Specific references to Agricultural Products and Rates are used for examples and do not reflect specific endorsement or recommendations for use. Always read and follow all label directions and precautions for use. We disclaim any responsibility for any errors or omissions contained herein. FULL DISCLOSURE: There is no compensation received by Johnny to promote any product referenced with in this blog. Johnny is a paid employee of Commonwealth Gin


Cotton News

 


DTN Ag Headline News
DTN Retail Fertilizer Trends
EPA Adds to Rural Woes
Listen to the Land -- 9
NASS Changing August Crop Data
Kub's Den
Prepare to See Spots
Cash Market Moves
Budget Plan Tightens Ag Spending
Listen to the Land - 8

Did You Know?

In 1870 47.4 percent of employed persons were engaged in agriculture. This was the first time that farmers were a minority


Fact courtesy of the USDA


Headline News
Trump Asks GM CEO to Reopen Plant 03/18 06:25
Kansas Tries to Bring Back Voter ID Law03/18 06:27
Gore: US Close to Political Shift on CC03/18 06:29
80 Die in Flash Floods, Earthquake 03/18 06:43
UK PM in Last-Minute Push for Brexit 03/18 08:16
Russia-US Crew Arrives at Space Station03/18 08:19
EPA Bans Consumer Use of Paint Stripper03/18 08:21
Asia Shares Higher on Monday 03/18 05:45


Local Radar
Windsor, VA
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Windsor, VA
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High: 56°F
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Precip: 63%
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Windsor, VA
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Temp: 44oF Feels Like: 44oF
Humid: 84% Dew Pt: 39oF
Barom: 30.22 Wind Dir: N
Cond: N/A Wind Spd: 0 mph
Sunrise: 7:12 Sunset: 7:16
As reported at SUFFOLK, VA at 9:00 AM
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Quote Ticker
  • COTTON #2 (May 19) 75.08 -0.42 3/18/19   8:28 AM CST
  • COTTON #2 (Jul 19) 76.19 -0.41 3/18/19   8:27 AM CST
  • COTTON #2 (Oct 19) 75.10     CST
  • COTTON #2 (Dec 19) 74.49 -0.03 3/18/19   8:24 AM CST
  • COTTON #2 (Mar 20) 75.34 -0.02 3/18/19   7:56 AM CST
  • COTTON #2 (May 20) 75.63     CST
  • COTTON #2 (Jul 20) 75.93     CST
  • COTTON #2 (Oct 20) 74.44 0.34 3/15/19   1:23 PM CST
  • SOYBEANS (May 19) 907'6 -1'4 3/18/19   7:44 AM CST
  • SOYBEANS (Jul 19) 921'0 -2'0 3/18/19   7:44 AM CST
  • SOYBEANS (Aug 19) 928'2 -0'4 3/18/19   7:42 AM CST
  • SOYBEANS (Sep 19) 932'4 -0'6 3/18/19   7:43 AM CST
  • SOYBEANS (Nov 19) 941'0 -1'4 3/18/19   7:44 AM CST
  • WHEAT (May 19) 460'6 -1'4 3/18/19   7:44 AM CST
  • WHEAT (Jul 19) 466'6 -1'4 3/18/19   7:44 AM CST
  • WHEAT (Sep 19) 476'0 -0'6 3/18/19   7:34 AM CST
  • CORN (May 19) 373'2 0'0 3/18/19   7:44 AM CST
  • CORN (Jul 19) 382'4 0'2 3/18/19   7:44 AM CST
  • CORN (Sep 19) 388'6 0'0 3/18/19   7:42 AM CST
  • CORN (Dec 19) 396'2 0'2 3/18/19   7:44 AM CST
  • CORN (Mar 20) 407'0 0'0 3/18/19   7:40 AM CST

 
 
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