Sunbelt Ag News

DOANE: Cotton Comment

Justice Dept. Tells Farmers It Will Press Agriculture Industry on Antitrust 3-13

Grapevine Moth Forces Quarantine for Part of Napa Valley 3-13

Louisiana: More North Louisiana Farmers Switch to Rice 3-12

Closing Rice: Very weak mixed close, remains in a strong downtrend 3-12

Closing Cotton: Cotton Surges To Strong Closing Gains  3-12

2009 Grain Stocks Reports Key 3-12

Closing Grain: Corn and soybeans closed lower while wheat found support 3-12

Farmers Vent Over Competition 3-12

Closing Livestock: Cattle closed significantly higher; pork complex settled on a mixed basis 3-12 

Texas: Ag Cooperatives Have Billion Dollar impact on State Economy 3-12

AgFax Blog: North Carolina Extension Agent Makes A Case For Twitter 3-12

Midday Grain: Mixed at Midday 3-12

Midday Livestock:  Strong Buying Pushes Livestock Complex Higher 3-12

Georgia: Blueberry Farmers Turn to Olives 3-12

Linn Soybean Commentary: Prices declined sharply on Thursday 3-12

Linn Corn Commentary: Story was the soybean market 3-12

Linn Wheat Commentary: Still trading into fresh six month lows  3-12

Opening Cotton: Prices Move Higher After Retail Sales Gains 3-12

Opening Grains: Solid sell-off by U.S. dollar index provided support for higher overnight 3-12

Rapid Rise In Seed Prices Draws U.S. Scrutiny 3-12

Opening Livestock: Pork Futures Projected to Begin With Softer Prices 3-12

K. Good's Farm Policy: Trade; Climate; Ag Competition; Animal Ag 3-12

U.S. Stock Market News 3-12

Morgan Keegan to Offer Farmer Mac Programs to Commercial Banking Clients 3-11

Arkansas: New Rice Variety Roy J Stands Tall,Yields High 3-11

AgFax Blog: Monsanto Breaks Ground For Mississippi Corn Research Center. More Bad News For The Delta. 3-11

US Corn Prices May Find Support 3-10

Projected Economic Turnaround Fuels Recovery in Commodity Prices, According to 2010 FAPRI Outlook 3-10

Diesel, gasoline prices up yet another week 3-10

Hurricanes: AccuWeather Calls For More Active 2010 Season 3-10

Seed Trait Battles Raise Eyebrows 3-10

Fertilizer Outlook 3-10

Kentucky: Control Volunteer Corn Early to Prevent Problems in Fields 3-10

Kentucky: UK Entomologists to Look for New Stink Bugs 3-10

For Argument's Sake: Changing Pricing Dynamics Between Gasoline and Ethanol 3-9

Get More Coverage for the Money: 2010 Crop Insurance Decisions 3-9

Retail Fertilizer Trends 3-9

Georgia: Need Commercial Pesticide Credits? Here's The Place 3-9

Mississippi: New Corn Breeding Facility Coming 3-9

Monsanto says Bollgard Bt toxin resistance confirmed in pink bollworms in India 3-9

AgFax Blog: Corn Planting Starts In Louisiana - Ready Or Not 3-9

AgFax Blog: With More Cotton, Will Used Picker Prices Increase? 3-9

Ohio: Take Steps to Reduce Compaction Before Spring Planting 3-9

Indiana: Purdue Web Site Helps Farmers Manage Corn Mold Issues 3-9

Crude oil and gasoline prices inching up again 3-9

Vietnam: Sluggish rice trade dampens local price 3-9

Cotton: Brazil Intends $591 Million Retaliation for U.S. Cotton Export Subsidies 3-8

Georgia, Mississippi,Texas Included in 18 State Rural Broadband Project 3-8

USDA National Weekly Rice Summary 3-8

Upcoming Events:

(FD: field day; SS: scout schools)

Alabama: Row Crop Insect Management for Maximum Profit, March 18, 9 am, David’s Catfish House, Atmore.

Georgia: Cotton Production Meeting, March 22, 7 pm, Coffee County Extension office, Douglas.

Florida: Beef Production Workshop, March 24, 11:30 am, Miami Community Center, Miami.

Georgia: Commercial Pesticide Credit Meeting, March 26, 8:30 am, Coffee County Extension office, Douglas.

Arkansas: Ozark Food Processors Association Convention and Exposition, April 6-7, Springdale.

Mississippi: Magnolia Beef and Poultry Expo, April 8, Smith County Agricultural Complex, Raleigh.

Pennsylvania Agronomy Scout School, April 10, Penn State Campus.

Texas: Predator Workshop, April 13, 8 am, Edward County 4-H Barns, Rocketsprings.

Texas Urban Ranchers and Small Acreage Short Course, April 15, 6:30 pm, AgriLife Extension office, Canyon.

Texas Brush Control Workshop, April 20, 8 am, Edwards County Annex Building, Edwards County.

Texas Urban Ranchers and Small Acreage Short Course, May 20, 6:30 pm, AgriLife Extension office, Canyon.

Texas Urban Ranchers and Small Acreage Short Course, June 17, 6:30 pm, AgriLife Extension office, Canyon.

Tennessee: 26th Milan No-Till Crop Production Field Day, July 22, tennu@bellsouth.net

North Carolina 2010 Cotton Field Day, Sept. 16, Gary Respess Farm, Beaufort County.

To list an event, contact Owen Taylor
 

 

Closing Grains: from the Arkansas Farm Bureau Commodity Staff

 

Grain & Soybean Date: July 2

Soybeans

Local Elevators:
(Jul) EAST AR:  1214 to - - -
(NC) Summ. 964 to 974
River Elevators:
(Jul) MISS: 1051 to 1054 ; AR & White 1016 to 1026
(NC) Summ. 964 to 997
Ark. Processor Bids: (Jul) n/a to - - -  (NC) 971 to 974
Memphis:  (Jul) 1239 to - - - (NC)  1001 to 1006
Riceland Foods:  (Jul) Stuttgart n/a ; Pendleton n/a ; West Memphis n/a

 

Chicago Futures: Jul down 15 1/2 at  1243
  Sep  down  7 1/2  at  1061
  Nov down 9 1/2  at  1006
  Jan '10 down 9 3/4  at  1007 3/4
  Mar '10 down 10  at  1001
  Today's Arkansas LDP rate for soybeans is: 0¢
 

Soybean Comment
Soybeans weren’t able to followthrough on recent gains as outside markets were unfavorable. The market drifted sharply lower overnight, and was able to partially recover during the day session. A good export market helped boost the market. November fell back below trendline support but did hold above $10. Current support is Tuesday’s low of $9.44. Corn was lower again as the market continues to trade big stocks and a larger than expected acreage. Technically, the market remains heavily oversold and due a technical rebound. December closed less than a dime above the next support just below $3.50. A close below that brings $3.00 back into the picture.

Wheat
Cash bid for July at Memphis  417 to 439;

Bids to farmers at Local Elevators 387-424;
River Elevators 368-439;

 
Chicago Futures: Jul down  6  at  500 1/4 
  Sep down 6 1/2  at  529 
  Dec down  6 1/2  at  555 
  Mar '10 down  6 3/4  at  572 3/4 
  May '10 down  6 3/4  at  584 1/2 
  Today's Arkansas LDP rate for wheat is: 0¢
 

Grain Sorghum
Cash bid for July at Memphis  549 to - - -;

Bids to farmers at River Elevators 423-503;
Today's Arkansas LDP rate for sorghum is: 0¢
 

Corn
 

Cash bid for July at Memphis   335 3/4 to 348 3/4;
  new crop at Memphis   325 3/4 to 327 3/4;
Bids to farmers at River Elevators  305 to 330

 
Chicago Futures: Jul down  6  at  345 3/4 
  Sep down  10 3/4  at  345 3/4 
  Dec down  11 3/4  at  357 1/2 
  Mar '10 down  11 1/2  at  371 
  Today's Arkansas LDP rate for corn is: 0¢
 

Grain Comment
Wheat futures ended lower again today in reaction to a stronger dollar and weaker crude oil. Despite the steep selloff of the past two months, futures prices still hold a significant premium to cash prices. That means that negative cash market fundamentals are still not fully factored into futures. July has found support at $4.98. Resistance begins at the chart gap between $5.16 ½ and $5.27 ½.