Pakistan, Precision Ag and Your Pocket Book
November 24, 2009 Henry told me early on this year that there would still be plenty of cotton in the field by the time Thanksgiving rolled around. I guess I didn’t know how right he’d be.
For those of you who are still out there picking, this week’s eNewsletter brings good news. The monthly USDA crop report shows world consumption up by almost a million bales in October. I know first hand that many of you don’t read too much into the international headlines that we sometimes provide, but if there were ever a correlation between what’s going on half a world away and your wallet, this is it.
The same USDA report outlines the spike in cotton prices that has coincided with the slowly recovering global demand for cotton. So even though many of you have struggled to bring in a soggy, sometimes damaged crop this year, there is reason to believe that things are finally looking up for cotton. You just have to know where to look.
In a couple of weeks you’ll start seeing our December issue in your mailboxes. In that issue, we cover the biggest forces in the cotton industry that are having a positive impact on your bottom line. We look at everything from cottonseed prices to input costs to precision practices in an effort to show you what we think the biggest advancements in cotton have been over the past year.
In a similar line of thinking, we’re asking for your help to identify what you think the biggest GameChangers in the cotton market have been. If you’ve got your crop put away and are looking for something to do in between football games over the holiday, take a moment to visit Cotton247.com and rank the biggest GameChangers in the cotton market. You’ll be helping Henry and I compile a special report for our February issue. You’ll also be giving us an idea of what matters most to you.
In the event that you are, in fact, done with this year’s crop and have long since retreated to the deer woods, we hope that you’re planning on emerging in time to attend the Beltwide Cotton Conferences in early January in New Orleans. As always, we’ll see you out there.
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