October 7 is the deadline for cotton growers to enroll for the Cotton Transition Assistance Program, an interim payment program created by the 2014 Farm Bill.
In a move that could add more pressure to global cotton prices, China has announced that it will cut 2015 cotton import quotas to the minimum 894,000 tons required under its commitments to the World Trade Organization.
According to the USDA 2014 Cotton Varieties Planted report, Deltapine was the most popular cottonseed brand planted in the U.S. this season, with PhytoGen’s PHY 499 WRF ranked as the top planted variety.
Based on information contained in USDA’s September World Agricultural Supply and Demand Estimates Report, U.S. cotton production and exports for 2014 will both be down over earlier projections.
Bayer CropScience has opened its newest cotton research facility – a $17 million, 76,000-square foot state-of-the-art greenhouse and headhouse addition to its existing site at Agricenter International in Memphis, TN.
Anthony Tancredi of Louis Dreyfus Commodities says the most important thing for anyone in the market to know is what China’s cotton policy is. The problem: no one knows – or is sharing – the policy details.
According to the USDA’s August Cotton and Wool Outlook report, global cotton stocks will reach a record 105.1 million bales for 2014/15.
USDA’s World Agricultural Supply and Demand Estimates for August show forecasted increases in production, exports and ending stocks for U.S. cotton.
Cotton growers have from August 11 until October 7 to enroll for the Cotton Transition Assistance Program, an interim payment program created by the 2014 Farm Bill.
With the prices for cotton and polyester converging on the world market, the International Cotton Advisory Committee expects world consumption of cotton to increase five percent to 24.5 million tons in 2014/15.