Jan 27
Welcome to the January 27, 2023 issue of “Cotton News,” a service provided by Plains Cotton Growers Inc. for the cotton industry in the Texas High Plains and beyond. What’s the Deal with ERP Phase 2? Phase 2 of the Emergency Relief Program (ERP) has been talked about for months with the anticipation that the …
Jan 13
Dr. Michael Gore, noted scientist and professor in Cornell University’s School of Integrative Plant Science (SIPS), is the 2022 Cotton Genetics Research Award recipient. The announcement was made today during the 2023 Beltwide Cotton Improvement Conference, which convened as part of the National Cotton Council-coordinated 2023 Beltwide Cotton Conferences in New Orleans. Gore, who was …
Dec 16
March cotton futures had a week of two-sided trading ranges, but overall remained relatively unchanged for the week ending Thursday, December 15. After last week’s bearish WASDE report, downward pressure on prices started the week. On Tuesday, macroeconomic data took over and cotton prices reversed and touched the limit before settling with triple digit gains. …
Dec 09
December 2022 The U.S. labor market continues to add jobs and support wage growth. This may give the Federal Reserve more room to continue to aggressively increase interest rates to tame inflation. For this reason, financial markets turned lower after the positive job report. Effects of rising interest rates on economic growth are lagged, so …
Nov 23
Traders Change Focus to March • Mixed Economic News Kept Markets Busy• Winter Weather Could Impact Crop December futures are all but gone after today, with traders having changed their positions from the December contract to March. March futures will now be the central focus after First Notice Day and the shortened trading week due …
Nov 08
Macroeconomic Overview: For a fourth consecutive time this year, the Federal Reserve increased interest rates 0.75 percentage points. In the official statements accompanying the increase, it was acknowledged the lagged effect of rising rates on the economy and that further increases may eventually need to taper. However, comments made by the Federal Reserve chairman after the …
