facebook_pixel

World Looks to Australian Harvest for Cotton Supply

Bloomberg

Wendy Pugh

Cotton exports from Australia, the fifth-largest shipper, accelerated after harvest delays and as a price rally failed to curb overseas demand amid a global supply shortfall, an industry group said.

“Normally it wouldn’t be that easy to sell at these prices but demand has been very strong,” Australian Cotton Shippers Association Chairman Arthur Spellson said by phone from Sydney. “China, Indonesia, Thailand, Korea, everywhere. They’re all screaming out for cotton.”

Futures prices in New York have surged 39 percent in the past year amid concern that rising cotton consumption would outpace supply. Australia’s harvest, which enters the market before northern hemisphere supplies later in the year, is more than 90 percent finished after wet and cloudy weather slowed picking and delayed shipments, the association said.

“There is basically a global shortage,” Spellson said. “We are also getting inquires from Pakistan, India, countries we don’t normally sell a lot to,” he said. Around 70 to 75 percent of the Australian crop has been sold for shipment and exporters are “flat out” after the delays, he said.

July-delivery cotton was unchanged at 80.05 cents a pound on ICE Futures U.S. at 2:39 p.m. Melbourne time. Futures touched 87.1 cents on April 26, the highest price for a most-active contract since March 2008.

Prices may rise to more than 85 cents a pound, with the global balance sheet “expected to be tight” over the next 12 months, Australia and New Zealand Banking Group agricultural commodities strategist Scott Briggs wrote in a report last week.

(Story found in original format here.)

 

Leave a Reply

Harvest Stories
Harvest

Cool Weather Problems for Texas Panhandle Cotton

October 17, 2017

Poor weather conditions in the Rolling and High Plains of Texas could mean subpar cotton yields for many producers.

Harvest

Cotton Looks Promising in Texas’ Rolling and High Plains

October 19, 2016

Good late-summer rains improved conditions for cotton in the Rolling and High Plains regions of Texas and likely mean an above-average crop for 2016.

Harvest

Possible Storm Impact on North Carolina Cotton

October 11, 2016

NC State specialists offer guidelines for making harvest decisions on cotton acres impacted by tropical storm Matthew.

Harvest

NCC Urges Cotton Quality Maintenance Following Rain Events

October 7, 2016

Growers and ginners are urged to follow proper guidelines to preserve cotton crop quality following Hurricane Matthew and other rain events at harvest.

Harvest

2016 Mid-South Defoliation Guide Now Online

September 9, 2016

The 2016 edition of the Mid-South Cotton Defoliation Guide is complete and now available online.

Harvest

Managing Proper Defoliation Timing

September 1, 2016

Proper defoliation planning helps protect yields. But it’s just as important when it comes to maximizing fiber quality.

Harvest

Is Cotton Turning Too Soon?

August 31, 2016

Mid-South cotton normally “turns,” or reaches senescence, during the early weeks of the football season. This year, there are reasons why that change is already appearing before the first kickoff.

Around The Gin
Product News

Direct-to-Grower Independent Seed Company Launched

October 20, 2017

A new direct-to-growers seed company is entering the market to provide growers with custom-crafted seed offerings delivered to their farm.

Product News

INTL FCStone Offers Online Tool for OTC Hedging Strategies

October 17, 2017

INTL FCStone Markets, LLC has introduced a new online pricing tool that provides users open access to the firm’s structured products pricing portfolio.

Product News

Americot Team Continues to Grow

October 6, 2017

Americot continues to expand the company’s sales and technical support team, with the addition of six new specialists located throughout the Cotton Belt.

Product News

NemaStrike Technology Ready for Nematode Control in 2018

October 6, 2017

Monsanto adds NemaStrike Technology as a new seed treatment solution to control nematode species across the Cotton Belt.

Product News

Americot Adds Three to Regional Sales Force

September 20, 2017

Americot, Inc. has added three new regional representatives to the company’s sales force.

Product News

Enlist One Herbicide Added to Enlist System

September 13, 2017

Dow AgroSciences adds a straight-goods 2,4-D choline herbicide for additional tank-mix flexibility in Enlist crops.

Product News

Elevore Herbicide Registered for Burndown Use

August 30, 2017

Dow AgroSciences’ Elevore herbicide has received federal registration for use in fall and spring burndown programs for cotton, soybeans and corn.

Product News

Stoneville Legacy Club Honors Charter Members

August 24, 2017

The new Stoneville Legacy Club honored 129 growers who recorded average yields of 1,794 lbs/A or higher on at least 20 acres with Stoneville cotton varieties.

Latest News
Harvest

Cool Weather Problems for Texas Panhandle Cotton

October 17, 2017

Poor weather conditions in the Rolling and High Plains of Texas could mean subpar cotton yields for many producers.

Harvest

Updated Mid-South Defoliation Guide Now Online

September 11, 2017

The 2017 Mid-South Cotton Defoliation Guide from the MidSouth Cotton Specialists’ Working Group is now available online.

Harvest

Never Too Early to Review Picking Capacities

March 9, 2017

Before planters head to the field this season, Dr. Tyson Raper contends it’s not too early to review picker capacity in the likelihood of increased acres.

Harvest

Cotton Looks Promising in Texas’ Rolling and High Plains

October 19, 2016

Good late-summer rains improved conditions for cotton in the Rolling and High Plains regions of Texas and likely mean an above-average crop for 2016.

Harvest

Possible Storm Impact on North Carolina Cotton

October 11, 2016

NC State specialists offer guidelines for making harvest decisions on cotton acres impacted by tropical storm Matthew.

Harvest

NCC Urges Cotton Quality Maintenance Following Rain Events

October 7, 2016

Growers and ginners are urged to follow proper guidelines to preserve cotton crop quality following Hurricane Matthew and other rain events at harvest.

Harvest

2016 Mid-South Defoliation Guide Now Online

September 9, 2016

The 2016 edition of the Mid-South Cotton Defoliation Guide is complete and now available online.

Harvest

Managing Proper Defoliation Timing

September 1, 2016

Proper defoliation planning helps protect yields. But it’s just as important when it comes to maximizing fiber quality.

Harvest

Is Cotton Turning Too Soon?

August 31, 2016

Mid-South cotton normally “turns,” or reaches senescence, during the early weeks of the football season. This year, there are reasons why that change is already appearing before the first kickoff.

Harvest

Harvesting Bottom Line Advantages

August 11, 2016

Options such as co-ownership and sharing of farm equipment are helping provide financial advantages to growers across the country.

Harvest

Proper Timing of Harvest Aids Focus of New Webcast

July 25, 2016

A new webcast explaining proper timing and use of harvest aids has been added to the Focus on Cotton online series from the Plant Management Network and Cotton Incorporated.

Harvest

Prolonged Rainfall in Carolinas Causes Seed Sprouting

October 5, 2015

The rainy spell that has soaked North Carolina for more than a week is creating problems for the state’s cotton growers.

Harvest

Keep Soil Compaction in Mind at Harvest

September 28, 2015

Since new module-building cotton pickers are adding more weight to fields during harvest, growers should keep in mind the factors that can contribute to soil compaction.

Harvest

2015 Mid-South Defoliation Guide Available Online

September 15, 2015

The 2015 Mid-South Cotton Defoliation Guide is now available online.

Harvest

Key Considerations for Cotton Defoliation

August 27, 2015

With the 2015 cotton crop quickly winding down, it’s time for growers to be making their defoliation plans.