joel
4-H er
Posts: 30
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Post by joel on Dec 1, 2011 16:45:31 GMT -5
Cotton ,like other commodities is being bought/sold by the Wall Street children that ruin every market they get other people's money into.
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Post by mrgrinch on Jan 4, 2012 21:27:40 GMT -5
Any thoughts on the cotton market for 2012?
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Post by Hobbyfarmer on Jan 5, 2012 0:56:17 GMT -5
Yep.... there will be one.
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Post by unclecracker on Jan 5, 2012 9:25:47 GMT -5
Hoping the market stays around the dollar mark. Plan on planting the same as last year and hope to have rain so I can make a crop this year.
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Post by mrgrinch on Jan 5, 2012 18:10:14 GMT -5
yeah UC, that dollar mark is what I would like to see our RP base price set for next year. It's gonna have to climb a little. One way to buy acres or get cotton planted would be to have a good insurance price. That would spur more acres just because we would have some security growing cotton. I think peanut contractors will dangle a little bigger carrot in front of us to get peanut acreage. They will do no more than what it takes to beat a cotton crop. Hay and silage may still be an alternative this year also. The weather (rain) will play an important factor in any crop decision this year. Hope you get some and don't need that RP insurance.................Hobby, I agree 100%.......well 99%.....a few more MF bankruptcies and who knows.
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Post by ses on Jan 5, 2012 21:30:19 GMT -5
When do they set the price of cotton for crop insurance?
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Post by mrgrinch on Jan 5, 2012 23:23:38 GMT -5
Ses, for south Texas counties it is calculated from 12/15/11 thru 1/14/12 using the Oct. futures contract. The northern and western counties of Texas calculate in the month of February using the Dec. contract daily closing prices. As far as any other states, I would be fibbing if I said I knew. I use this site to watch them as they calculate and see historic prices: www3.rma.usda.gov/apps/pricediscoveryweb/DailyPrices.aspx
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