by Doug Mayo | Sep 16, 2016
I’m not 100% sure what the cotton market expected to see in this week’s USDA monthly estimates. As if anyone ever knows. Whatever the market was expecting, it didn’t get it; prices reacted accordingly—down. In the short term, markets and price direction are driven...
by Doug Mayo | Sep 9, 2016
The last few years most of the farm market news has been pretty discouraging, with declining market prices for peanuts, cotton, corn, soybeans, and cattle. In August, however, USDA released the 2016 Land Values Summary report that showed that the value of farmland has...
by Doug Mayo | Aug 19, 2016
In a recent newsletter, I referred to the sudden increase in cotton prices as “Christmas in July.” Well, as we all know, the new wears off eventually—even for Christmas gifts. July was a good month, but so far August has not been. Prices have come under...
by Doug Mayo | Jul 15, 2016
The calendar says July; but for the cotton grower it’s Christmas. This week’s USDA monthly supply and demand numbers were an unexpected gift. The market reacted positively and let’s hope prices can sustain the new-found optimism. Even if prices...
by Doug Mayo | Jul 1, 2016
For the entire month of June, cotton prices (Dec16 futures) have been “range-bound” mostly between 64 and 66 cents. In light of today’s planted acreage report, it would have to be considered good news if prices can remain at or above 64 cents. Prices (Dec16 futures)...
by Doug Mayo | Jun 17, 2016
Maybe it’s just me, but this year’s USDA Acreage report seems to be on the back burner. Usually there is pre-report speculation on the June number and how it might compare to the March Prospective Plantings number. I’m not seeing or hearing much this year. For what...
