2014 Cotton Grower Media Planner
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With the conclusion of the WTO Brazil case, the U.S. cotton industry can bring a renewed focus to the challenges ahead, coming from a familiar source.
An end of week uptick closed the market up 81 points from the previous week. But the longer-term direction is still sideways, with a range of mostly 62 to 67 cents.
The same record that has been spinning for weeks is still playing. The 61 to 62 cent price resistance holds firm, attempts to close above 65 cents continue to be thwarted, and the potential for a short covering rally lingers strong in the background.
Volatility dropped this week, as the market is discounting a scenario in which prices are not expected to change significantly over the coming months. Once all harvest is complete and sorted out, we may see renewed pressure on cash prices.
USDA is offering $190.5 million in grants and loans to make broadband and other advanced communications infrastructure improvements in rural areas.
Cotton Incorporated will again host Cotton’s 24 Hour Runway Show – a fashion marathon featuring a different cotton look every minute – in early November.
The EPA has announced a new voluntary Drift Reduction Technology program to encourage the use of verified, safer pesticide spray products to reduce exposure and pesticide movement and help farmers save money.
The cotton industry commended USDA’s Risk Management Agency for implementing a farm law provision important to cotton production areas that have been hit with drought and other adverse weather in recent years.