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Futures
@CT - COTTON #2 - ICEFU
Month Open High Low Last Change Close Time More
Mar 15 63.77 63.73 Chart for @CT5H Options for @CT5H
May 15 63.68 63.82 63.30 63.65 0.02 63.63 02:19A Chart for @CT5K Options for @CT5K
Jul 15 64.09 64.20 63.76 64.08 -0.01 64.09 02:19A Chart for @CT5N Options for @CT5N
Oct 15 64.78 64.73 Chart for @CT5V Options for @CT5V
Dec 15 65.00 65.06 64.80 65.05 -0.07 65.12 02:12A Chart for @CT5Z Options for @CT5Z
Mar 16 64.97 65.13 Chart for @CT6H Options for @CT6H
May 16 65.02 65.12 Chart for @CT6K Options for @CT6K
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Mar 15 1008'6 1010'2 1007'6 1009'0 0'2 1008'6 02:19A Chart for @S5H Options for @S5H
May 15 1012'4 1014'2 1010'2 1011'2 -1'0 1012'2 02:21A Chart for @S5K Options for @S5K
Jul 15 1017'2 1019'2 1015'4 1016'2 -1'0 1017'2 02:19A Chart for @S5N Options for @S5N
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 15 507'0 509'0 503'6 505'2 -3'4 508'6 02:18A Chart for @W5H Options for @W5H
May 15 505'0 506'0 501'4 502'0 -4'0 506'0 02:20A Chart for @W5K Options for @W5K
Jul 15 508'0 510'0 506'0 507'0 -2'6 509'6 02:20A Chart for @W5N Options for @W5N
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 15 382'0 382'6 381'4 381'4 -0'4 382'0 02:20A Chart for @C5H Options for @C5H
May 15 390'4 392'0 390'2 390'2 -0'6 391'0 02:20A Chart for @C5K Options for @C5K
Jul 15 398'6 399'6 398'2 398'4 -0'6 399'2 02:20A Chart for @C5N Options for @C5N
My Custom Markets
Symbol Open High Low Last Change Close Time More

Johnny's Blog
Cotton STAX - Deadline March 15
March 3, 2015
Simplest way to look at STAX is that it provides a way to “buy up” revenue coverage up to 90% as an insurance tool.  It ends at 70% or wherever your regular insurance stops, whichever is higher.  It uses county yields instead of farm yields based on an Olympic average so it will change every year.  It has a signup spring price and a fall price just like we are used to with revenue insurance and adjustments will work the same way.  Every acre of cotton is eligible and regular crop insurance is not required in order to purchase STAX.  Another way of looking at it is it is the next level up for Revenue Insurance only Enterprise units at a county level.  Because payments are triggered at only 10% loss of Revenue, it will not take much price reduction or yield loss to trigger a payment and this is why I believe it represents a good value.  I don’t look at this benefit as replacing individual crop insurance but more as a low cost way of reducing even more risk at a very affordable rate.  Payments would have been triggered more than 50% of the time on a historical basis if this tool had been in place for the last 6 years.  It will be a huge help if we have either a price or a yield drop and certainly if both happen.  If price increases at harvest, which occurs a third of the time, then our overall coverage will also increase.  This new Insurance Product looks like a very good safety net to me for cotton farmers.  At current price levels it is not quite as good as Peanuts but better than grains. 

Next week is the deadline for signing up with STAX.

.
Call or Email me your thoughts: jparker@commonwealthgin.com

 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


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Did You Know?

In 1947 the National Foundation Seed Project was organized by the USDA to assist the states in the rapid buildup of foundation seed supplies


Fact courtesy of the USDA



Cotton News

 


Local Radar
Windsor, VA
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Windsor, VA
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High: 71°F
Low: 40°F
Precip: 39%
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Precip: 80%
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Windsor, VA
Chg Zip Code: 
Temp: 41oF Feels Like: 35oF
Humid: 100% Dew Pt: 41oF
Barom: 29.97 Wind Dir: SSW
Cond: N/A Wind Spd: 9 mph
Sunrise: 6:32 Sunset: 6:03
As reported at SUFFOLK, VA at 3:00 AM
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Quote Ticker
  • COTTON #2 (Mar 15) 63.77     CST
  • COTTON #2 (May 15) 63.65 0.02 3/4/15   2:16 AM CST
  • COTTON #2 (Jul 15) 64.08 -0.01 3/4/15   2:01 AM CST
  • COTTON #2 (Oct 15) 64.78     CST
  • COTTON #2 (Dec 15) 65.05 -0.07 3/4/15   12:45 AM CST
  • COTTON #2 (Mar 16) 64.97     CST
  • COTTON #2 (May 16) 65.02     CST
  • SOYBEANS (Mar 15) 1009'0 0'2 3/4/15   2:00 AM CST
  • SOYBEANS (May 15) 1011'4 -0'6 3/4/15   2:19 AM CST
  • SOYBEANS (Jul 15) 1016'2 -1'0 3/4/15   2:18 AM CST
  • WHEAT (Mar 15) 505'2 -3'4 3/3/15   9:19 PM CST
  • WHEAT (May 15) 502'0 -4'0 3/4/15   2:19 AM CST
  • WHEAT (Jul 15) 507'0 -2'6 3/4/15   2:13 AM CST
  • CORN (Mar 15) 381'4 -0'4 3/4/15   1:59 AM CST
  • CORN (May 15) 390'2 -0'6 3/4/15   2:20 AM CST
  • CORN (Jul 15) 398'4 -0'6 3/4/15   2:16 AM CST

 
 
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