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Futures
@CT - COTTON #2 - ICEFU
Month Open High Low Last Change Close Time More
Mar 23 85.32 85.55 85.16 85.16 -0.21 85.37 08:58P Chart for @CT3H Options for @CT3H
May 23 86.00 86.20 85.75 85.80 -0.20 86.00 09:00P Chart for @CT3K Options for @CT3K
Jul 23 86.64 86.77 86.57 86.77 0.13 86.64 09:02P Chart for @CT3N Options for @CT3N
Oct 23 85.12 85.20 Chart for @CT3V Options for @CT3V
Dec 23 85.30 85.30 85.30 85.30 85.30 08:58P Chart for @CT3Z Options for @CT3Z
Mar 24 85.69 85.60 Chart for @CT4H Options for @CT4H
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Mar 23 678'2 678'4 676'4 677'2 -1'2 678'4 09:02P Chart for @C3H Options for @C3H
May 23 675'6 676'0 674'2 674'6 -1'4 676'2 09:02P Chart for @C3K Options for @C3K
Jul 23 665'0 665'0 663'2 664'0 -1'2 665'2 09:02P Chart for @C3N Options for @C3N
Sep 23 610'0 610'0 609'0 609'6 -0'4 610'2 09:02P Chart for @C3U Options for @C3U
Dec 23 595'4 595'4 594'0 595'0 -0'4 595'4 09:00P Chart for @C3Z Options for @C3Z
Mar 24 602'2 602'2 602'0 602'2 -0'2 602'4 09:02P Chart for @C4H Options for @C4H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Mar 23 1518'4 1523'4 1514'6 1515'6 -4'0 1519'6 09:02P Chart for @S3H Options for @S3H
May 23 1511'6 1517'6 1509'4 1510'4 -3'2 1513'6 09:02P Chart for @S3K Options for @S3K
Jul 23 1504'4 1510'0 1502'2 1502'6 -3'2 1506'0 09:02P Chart for @S3N Options for @S3N
Aug 23 1466'0 1471'2 1466'0 1471'2 3'0 1468'2 09:02P Chart for @S3Q Options for @S3Q
Sep 23 1398'0 1402'6 1397'0 1402'6 2'4 1400'2 09:02P Chart for @S3U Options for @S3U
Nov 23 1369'2 1373'4 1367'6 1368'6 -2'0 1370'6 09:02P Chart for @S3X Options for @S3X
Jan 24 1374'2 1377'4 1374'2 1374'2 -0'6 1375'0 09:02P Chart for @S4F Options for @S4F
Mar 24 1366'2 1366'2 1364'0 1364'0 -1'0 1365'0 09:02P Chart for @S4H Options for @S4H
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Mar 23 764'6 765'0 760'6 763'4 -1'2 764'6 09:02P Chart for @W3H Options for @W3H
May 23 775'0 775'0 771'2 774'4 -0'4 775'0 09:02P Chart for @W3K Options for @W3K
Jul 23 779'4 779'6 776'0 779'6 0'0 779'6 09:02P Chart for @W3N Options for @W3N
Sep 23 785'2 788'4 785'2 788'2 -0'2 788'4 09:02P Chart for @W3U Options for @W3U
Dec 23 801'4 801'4 799'0 801'4 0'0 801'4 09:02P Chart for @W3Z Options for @W3Z
Mar 24 801'0 810'2 795'4 810'0 10'6 810'0s 09:02P Chart for @W4H Options for @W4H
My Custom Markets
Symbol Open High Low Last Change Close Time More

Johnny's Blog

PLC or STAX for 2023 Cotton
2-6-23
A lot of our yearly planning uses the winter prices, our recent yield histories, and a projection of upcoming expenses.  This year should lead us to a similar conclusion as 2022 did with peanuts and cotton providing the most farm revenues, only not quite as good at this point in time.
 
So sure, if we have a good season and the prices bla, bla, bla, then we should be fine.  And we have had a good run of success, so I’m quite hopeful. 
 
But just on the chance that things go sideways, we will spend several weeks exploring safety nets so we don’t get hurt.  Cotton will lead the way again for defense as usual.  These current price levels keep us out of any payments for PLC or ARC, including peanuts.  That leaves STAX evaluation.  It’s too early for the actual math as we are in the discovery period for insurance prices, but at current levels, STAX will again kick in long before PLC does.  Plus STAX will allow 100% coverage of cotton regardless of base; whereas even if you have high base, the PLC is only 85% of base acres.  ON top of that, STAX provides safety net protection for price and yield. 
While we are still too early to make a final decision, if things continue as they started, we should have our risk covered better with STAX.
The deadline for the decision in NC is the end of February.
The deadline for VA is March 15th.  

DISCLAIMER: The data contained herein is for informational, conversational, and philosophical thinking and is for general purposes only. Ideas expressed apply to the Uppter 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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Quote Ticker
  • COTTON #2 (Mar 23) 85.16 -0.21 2/8/23   8:58 PM CST
  • COTTON #2 (May 23) 85.80 -0.20 2/8/23   8:58 PM CST
  • COTTON #2 (Jul 23) 86.77 0.13 2/8/23   8:16 PM CST
  • COTTON #2 (Oct 23) 85.12     CST
  • COTTON #2 (Dec 23) 85.30 2/8/23   8:01 PM CST
  • COTTON #2 (Mar 24) 85.69     CST
  • CORN (Mar 23) 677'2 -1'2 2/8/23   9:00 PM CST
  • CORN (May 23) 674'6 -1'4 2/8/23   9:02 PM CST
  • CORN (Jul 23) 664'0 -1'2 2/8/23   8:54 PM CST
  • CORN (Sep 23) 609'6 -0'4 2/8/23   8:54 PM CST
  • CORN (Dec 23) 595'0 -0'4 2/8/23   8:59 PM CST
  • CORN (Mar 24) 602'2 -0'2 2/8/23   7:37 PM CST
  • SOYBEANS (Mar 23) 1516'2 -3'4 2/8/23   9:02 PM CST
  • SOYBEANS (May 23) 1510'4 -3'2 2/8/23   9:02 PM CST
  • SOYBEANS (Jul 23) 1503'6 -2'2 2/8/23   9:02 PM CST
  • SOYBEANS (Aug 23) 1471'2 3'0 2/8/23   8:03 PM CST
  • SOYBEANS (Sep 23) 1402'6 2'4 2/8/23   7:50 PM CST
  • SOYBEANS (Nov 23) 1368'4 -2'2 2/8/23   9:02 PM CST
  • SOYBEANS (Jan 24) 1374'2 -0'6 2/8/23   8:58 PM CST
  • SOYBEANS (Mar 24) 1364'0 -1'0 2/8/23   8:59 PM CST
  • WHEAT (Mar 23) 763'4 -1'2 2/8/23   9:02 PM CST
  • WHEAT (May 23) 774'4 -0'4 2/8/23   9:00 PM CST
  • WHEAT (Jul 23) 779'6 0'0 2/8/23   8:48 PM CST
  • WHEAT (Sep 23) 788'2 -0'2 2/8/23   8:48 PM CST
  • WHEAT (Dec 23) 801'4 0'0 2/8/23   8:48 PM CST
  • WHEAT (Mar 24) 810'0 10'6 2/8/23   1:19 PM CST

 
 
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