Improving Your Risk Management and Pricing Strategies

Long-term cotton market forecasts are indicating stronger prices.

While that optimism is needed and welcomed by many cotton growers across the country, there are additional ways you can improve your bottom line, even when prices may not be so bullish. I’m referring to a series of information-rich seminars related to “Cotton Price Risk Management and Pricing Strategies.”

Dr. Jeanne Reeves, our Ag division’s staff economist, is coordinating the Cotton Incorporated-sponsored seminars that will be held in Memphis, February 13; Coalinga, CA, March 26, and Lubbock, April 2.

She has secured some of our industry’s most respected agricultural economists and cotton analysts as instructors and speakers including, Dr Carl Anderson, Dr. O. A. Cleveland, Dr. John Robinson, Jarral Neeper with CALCOT and Kelli Merritt from CropMark, Inc. Growers can benefit from the speakers’ years of experience and hear how to improve price-risk management and pricing strategies.

Although risk management and pricing strategies can be difficult subject matter, these seminars will offer both basic and intermediate workshops on using options on futures to manage price risk. Contact Kay Wriedt at 919-678-2271 to register and I wish you much success in 2008 with your marketing and cotton growing efforts.

MarketNews

Armijo Wins Technology Transfer Award
Starting out his ag-engineering career as an aspiring student in 1979 at the USDA-ARS Southwestern Cotton Ginning Research Lab in Mesilla Park, NM, Carlos Armijo continues to be a student to innovation.

Armijo traveled to Washington, DC, in January to be recognized as one of the winners of the 2007 Technology Transfer Awards.

In the “Superior” division, Armijo is being awarded for excellence in the transfer of high-speed roller-ginning technology to the cotton ginning industry. To be eligible for this award, the technology or product must be commercially available or must have been adopted and widely used by farmers.

“I have a passion for improving ginning technologies, really enjoy the work, I do, and I and am very appreciative of this award,” said Armijo. The award will be presented by Edward Knipling, Administrator of ARS, at the ARS Annual Recognition Program on February 12.

Sheely Named Cotton Incorporated Chairman
California cotton grower Ted Sheely is the new Chairman of Cotton Incorporated.

Owner of Ted Sheely Farms in Lemoore, CA, Sheely is no stranger to cotton or farming innovation. His farm has been the proving ground for countless technologies including spatial imaging and precision agriculture.

He is a past National Cotton Council Director, past president of the King County Farm Bureau and participated in the California Ag Leadership Program from 1980-1982.

Sheely will serve a two-year term as Chairman. “I am honored to be Chairman of Cotton Incorporated and look forward to working with our board to further advance cotton’s market position across the globe,” said Sheely.

On his farms, Sheely currently grows Upland and Pima cottons, tomatoes, wheat, pistachios, garlic, grapes, safflower, barley and triticale.

He is married to his wife of 33 years, Deborah Miller Sheely, and they have three children – Zachary, Benton and Jacob.

Captions:

Carlos Armijo

Ted Sheely

Leave a Reply

Marketing Stories
Market Analysis

Cleveland: Market Still Looking for Its Top

March 26, 2017

The market is now showing a tendency to sell off and lose daily gains as the trading day ends. It’s really doing nothing more than still trying to pick its top.

Market Analysis

It Bears Repeating – Price New Crop Now!

March 13, 2017

Two things to keep in mind: If you like the price enough to plant cotton, then like the price enough to sell some of it. And, December futures are expected to move 10-15 cents lower.

Market Analysis

Grab Hold. The Bulls Are Running!

March 6, 2017

The cotton bull, with freshly sharpened and longer horns, has broken out and is trying to push old crop May and July contracts above 80 cents.

Market Analysis

Cleveland: Of Export Sales, USDA Numbers and BCI

February 27, 2017

Dr. O.A. Cleveland praises U.S. cotton exports, muses about USDA predictions and calculations, and ponders the role of Better Cotton Initiative in the U.S.

Market Analysis

Time for Growers to Start Pricing Their 2017 Crop

February 17, 2017

Dr. O.A. Cleveland believes growers should price at least 50% of their anticipated 2017 crop now with the December ICE contract above 74 cents.

Market Analysis

Shurley on Cotton: A Lot Going on and a Lot to Digest

February 13, 2017

The 2017 cotton market appears to be on increasingly stable and improved economic footing compared to 2016.

Promotion

Esteve to Lead Cotton Council International in 2017

February 11, 2017

Eduardo (Eddy) Esteve, a cotton merchant from Dallas, TX, will serve as president of Cotton Council International for 2017.

Around The Gin
Product News

BASF Expands Dicamba Manufacturing Facility

March 22, 2017

BASF has completed a $270 million expansion of its Beaumont, TX, facility – the largest agricultural products facility investment in company history.

Product News

Topguard Terra Label Amendments for Cotton Root Rot in Texas

March 7, 2017

Texas growers now have additional preplant and post planting options for using Topguard Terra to control cotton root rot.

Product News

Advanced Traits from PhytoGen Protect Yield and Quality

March 6, 2017

PhytoGen varieties offer more and better in-plant, native trait protection to help cotton thrive, protect quality and optimize yields.

Product News

Six Greenleaf Nozzles Approved for Use with XtendiMax

February 24, 2017

Six TurboDrop D Series nozzles from Greenleaf Technologies have been approved for use with Monsanto’s XtendiMax herbicide with VaporGrip Technology.

Product News

EPA Approves DuPont’s FeXapan Dicamba Herbicide

February 17, 2017

DuPont has received EPA registration for FeXapan herbicide plus VaporGrip Technology, a low-volatility dicamba formulation for use on cotton and soybean varieties carrying traits that provide tolerance to dicamba and glyphosate herbicides.

Product News

Fourteen Southern States Register Enlist Duo for Use on Enlist Crops

February 14, 2017

Fourteen Southern states have granted state registration of Enlist Duo herbicide for use on Enlist cotton and other crops, following federal registration received in January.

Product News

BASF Application Academy Adds Online Training Module

February 2, 2017

BASF has added an online training module to its On Target Application Academy stewardship program to help increase education of new and advanced herbicide technologies.

Product News

Bayer Offers Shared Risk Program for FiberMax, Stoneville Growers

January 26, 2017

Bayer is helping support the economic sustainability of cotton growers through the company’s 2017 Shared Risk Program for those who plant FiberMax and Stoneville cotton seed.

Latest News
Market Analysis

Cleveland: Market Still Looking for Its Top

March 26, 2017

The market is now showing a tendency to sell off and lose daily gains as the trading day ends. It’s really doing nothing more than still trying to pick its top.

Market Analysis

Cotton Prices Reach Upper Third of Historical Range

March 17, 2017

The cotton bull made another impressive stand on the past week, as cotton prices continue to hold in the upper one-third of its historical price range.

Market Analysis

Shurley on Cotton: New Crop Strength and Outlook

March 13, 2017

Four factors are driving the new crop strength and outlook for cotton in 2017.

Market Analysis

It Bears Repeating – Price New Crop Now!

March 13, 2017

Two things to keep in mind: If you like the price enough to plant cotton, then like the price enough to sell some of it. And, December futures are expected to move 10-15 cents lower.

Market Analysis

Grab Hold. The Bulls Are Running!

March 6, 2017

The cotton bull, with freshly sharpened and longer horns, has broken out and is trying to push old crop May and July contracts above 80 cents.

Market Analysis

Cleveland: Of Export Sales, USDA Numbers and BCI

February 27, 2017

Dr. O.A. Cleveland praises U.S. cotton exports, muses about USDA predictions and calculations, and ponders the role of Better Cotton Initiative in the U.S.

Market Analysis

Time for Growers to Start Pricing Their 2017 Crop

February 17, 2017

Dr. O.A. Cleveland believes growers should price at least 50% of their anticipated 2017 crop now with the December ICE contract above 74 cents.

Market Analysis

Shurley on Cotton: A Lot Going on and a Lot to Digest

February 13, 2017

The 2017 cotton market appears to be on increasingly stable and improved economic footing compared to 2016.

Promotion

Esteve to Lead Cotton Council International in 2017

February 11, 2017

Eduardo (Eddy) Esteve, a cotton merchant from Dallas, TX, will serve as president of Cotton Council International for 2017.

Market Analysis

NCC: U.S. Cotton Industry Hinges on World Demand, China, Global Supply

February 11, 2017

According to NCC economists, several key questions will shape the 2017 economic outlook for the U.S. cotton industry.

Market Analysis

Market Fueled by Demand, Mills and Shrinking Carryover

February 10, 2017

Cotton futures continue to hold tight to the 75-76 cent level, thanks to ever-increasing demand, mill indecision and shrinking world carryover.

Market Analysis

78 Cent Cotton? The Opportunities are There.

February 6, 2017

Titanic bullishness has captured the cotton market, providing opportunities for nearby cotton futures prices to top 78 cents.

Market Analysis

Strengthening Prices, Strong Demand and Bon Jovi Jeans

January 30, 2017

The narrow three cent trading range – 72.50 to 75.50 cents – remains in play, but pressure is building for cotton prices to move higher. Maybe Jon Bon Jovi’s new line of denim jeans will help.

Market Analysis

Market Remains Strong as The Limited Bows Out

January 20, 2017

The market consolidated gains of the past few weeks, just as The Limited – a primary supplier of cotton to women – closes its doors.

Market Analysis

Shurley on Cotton: Opportunities in Improved Market

January 16, 2017

March futures have improved, and January is looking like a good month. The big question and the uncertainty is whether or not this will last.