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

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Marketing Stories
OA Cleveland
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The market has shown it is comfortable with higher prices, as planting and production dynamics hold the potential for larger than expected U.S. cotton plantings.

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Cotton prices bounced back in response to the time-honored adage, “low prices cure low prices.” But there are still a few bumps and curves along the way.

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The cotton market seems to be regaining its footing, and trade buying is starting to resurface. This leads us to believe that the worst of this selloff may be behind us.

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Plexus: Market Momentum Continues to Stall

March 10, 2015

Market momentum has clearly been stalling. Physical business needs to pick up, but the latest wave of buying may be over for now.

OA Cleveland
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Cotton Market Sliding Along with No Drastic Moves

March 6, 2015

Much like the icy conditions across the Cotton Belt, prices have slid back and forth and sideways, as the price charts remain void of any drastic activity.

Around The Gin
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New 2015 CROPLAN Cotton Varieties Feature Bollgard II XtendFlex Technology

March 19, 2015

WinField is adding Monsanto’s new Bollgard II XtendFlex cotton trait to two new CROPLAN cotton varieties for 2015.

Precision Technology

New Features for TeeJet Aeros 9040 Field Computer

March 18, 2015

TeeJet has added new features to its Aeros 9040 Field Computer for 2015.

Precision Technology

TeeJet Launches New DynaJet Flex Nozzle Control System

March 17, 2015

The new DynaJet Flex 7120 nozzle control system from TeeJet Technologies helps growers manage spray quality across a variety of operating speeds and application rates.

Product News

New Cheminova Chemistry to Help Control Herbicide Resistant Weeds

February 23, 2015

Cheminova plans to register pethoxamid, a new herbicide active ingredient, to help growers manage herbicide-resistant weeds.

Product News

Brake Herbicide Receives Section 18 Approvals in Six States

February 18, 2015

Brake Herbicide has received Section 18 emergency use exemptions for control of glyphosate-resistant Palmer amaranth in six cotton producing states.

Precision Technology

TeeJet Matrix 430 Provides Simple, Easy-to-Use Guidance

February 18, 2015

TeeJet Technologies’ new Matrix 430 GNSS guidance system is ideal for a wide range of field applications.

Precision Technology

TeeJet Launches RX520 High-Precision GNSS Receiver

February 17, 2015

TeeJet Technologies has introduced the RX520 dual frequency GNSS receiver for precision farming operations.

Disease Control / Nematodes

Velum Total Approved for Cotton, Peanuts in 2015

February 12, 2015

Bayer CropScience has received registration for Velum Total, a new insecticide/nematicide for use in cotton and peanuts in 2015.

Latest News
Market Analysis

Cotton Prices Itching to Move Higher, as Growers Ponder Acreage Shifts

March 27, 2015

The market has shown it is comfortable with higher prices, as planting and production dynamics hold the potential for larger than expected U.S. cotton plantings.

Market Analysis

Cleveland: Market on Path to Higher and Higher Lows

March 20, 2015

Cotton prices bounced back in response to the time-honored adage, “low prices cure low prices.” But there are still a few bumps and curves along the way.

Market Analysis

Plexus: Market Bumps on Weaker Dollar and U.S. Supply Questions

March 20, 2015

While most commodity prices turned lower again, cotton rallied a bit, thanks to a constructive U.S. export sales report. But the big question going forward is how many tenderable grades are left in the U.S.?

Marketing

Cotton Inc. Risk Management Seminar Coming to Lubbock

March 16, 2015

Cotton Incorporated is bringing its popular Cotton Price Risk Management Seminar to Lubbock, TX on April 8.

Market Analysis

Shurley on Cotton: March Madness as Prices Tumble

March 16, 2015

Thus far, March has not been kind to the cotton market.

Market Analysis

Dull Trading Likely in a Stumbling, Mumbling Market

March 16, 2015

After losing its prior month gains in one week, the cotton market was left stumbling and mumbling. We are now likely in for a month – maybe two – of dull trading.

Market Analysis

Plexus: Is the Worst of the Selloff Behind Us?

March 13, 2015

The cotton market seems to be regaining its footing, and trade buying is starting to resurface. This leads us to believe that the worst of this selloff may be behind us.

Market Analysis

Plexus: Market Momentum Continues to Stall

March 10, 2015

Market momentum has clearly been stalling. Physical business needs to pick up, but the latest wave of buying may be over for now.

Market Analysis

Cotton Market Sliding Along with No Drastic Moves

March 6, 2015

Much like the icy conditions across the Cotton Belt, prices have slid back and forth and sideways, as the price charts remain void of any drastic activity.

Market Analysis

Shurley on Cotton: Not Surprisingly, Market Improvement Slows Down

March 2, 2015

The market is still full of uncertainties, and this recent slowdown might just be a signal that the market needs to take a breather.

Market Analysis

Quality Continues to Drive Cotton’s “Joyful Ride”

February 21, 2015

Cotton’s joyful ride continues, as prices have pressed the 65 cent level, driven by demand for quality machine harvested cotton.

Market Analysis

Plexus: Time for the Market to Rest and Regroup?

February 20, 2015

Look for the market pull back a bit and regroup over the coming weeks. But don’t worry. It’s just taking a breather.

Market Analysis

Plexus: Buying Pressure Should Keep Cotton Moving Up

February 18, 2015

Buying pressure over the coming months should help maintain the current upward move for cotton.

Market Analysis

Market Faces Long and Crooked Row to Higher Prices

February 17, 2015

The market has a very long and crooked row to hoe on its path to higher prices. However, it is sending multiple signals that the 57 cent resistance level did hold, and prices can now begin to ease higher.

Market Analysis

Shurley on Cotton: Upward Progress Finally Being Made

February 11, 2015

Prices should be nearer the bottom end of their likely range. If you’re going to plant cotton in 2015, be patient and wait for possible rallies this summer.