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GETTING READY — A spray buggy runs ahead of the planter to get a pre-emerge herbicide down as corn planting season begins in Chicot County, Arkansas. (U of Arkansas System Division of Agriculture photo by Gus Wilson.) Arkansas’ cotton acres were expected to plummet, and rice acres to shrink slightly in 2013, but Continue reading Prospective Plantings report: Ark cotton, rice acres down The USDA-Risk Management Agency (RMA) announced last Friday (2/15) the 2013 crop year projected prices for corn, grain sorghum, cotton, rice and soybeans. The projected prices approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans were $5.82 per bushel for corn, $5.70/bu. grain sorghum, $13.05/bu. soybeans, $15.70/cwt rice, Continue reading Crop Insurance Projected Prices Announced The “projected price” discovery period for spring planted crops runs from January 15 to February 14, 2013. An average of daily settlement prices from the Chicago Mercantile Exchange (CME) and Intercontinental Exchange (ICE) are used to derive the “projected price” for the various crop insurance products. The final average price for the discovery period Continue reading Crop Insurance “Projected Prices” The December contract made fresh highs for the year and closed at its highest level since last September. The September 7, 2012 high of 81.30 has been a technical price point to watch. Today’s close at 81.18 was just 2 points off the daily high. A Bloomberg survey has U.S. cotton acreage falling 16% Continue reading December Cotton Closes Over 80 cents Cotton Incorporated is holding a Cotton Price Risk Management Seminar at The Peabody Hotel, Memphis, TN, on Wednesday, February 13. The main topics covered in the seminar include: Why are options on cotton futures critical to your business? What can options do for you and how? Actionable hedging strategies based on various price scenarios Continue reading Cotton Price Risk Management Seminar As a reminder, the 2013 monthly release time of the World Agricultural Supply and Demand Estimates report will be changing to 11:00 a.m. Central Time beginning January 11, 2013. Other key reports that will be released tomorrow include: Quarterly Grain Stocks Crop Production (final 2012 U.S. production) Winter Wheat Plantings
The 2013 crop budgets are available in two (2) formats, pdf and Excel, at the links below. pdf link: http://www.uaex.edu/depts/ag_economics/budgets/2013/Budgets2013.pdf
Microsoft Excel: http://www.uaex.edu/depts/ag_economics/budgets/interactive_2013.htm
Market Commentary: Over the past month, new crop (2013) rice futures have gained about 35 cents per hundredweight. The September 2013 CME rough rice contract has traded Continue reading 2013 Crop Budgets The UA 2012 Crop Budgets can be accessed at the link below. http://www.uaex.edu/depts/ag_economics/farm_management.htm A pdf file which includes budgets for all major row crops is available as well as an Excel (interactive) version of each crop budget. An update of the Excel wheat budget was recently posted at this link: AG1272 – Revised 2012 Continue reading Crop Budgeting: Wheat The USDA-Risk Management Agency (RMA) announced earlier this week the 2013 crop year projected price for soft red winter wheat. The projected price approved for the Yield Protection, Revenue Protection, and Revenue Protection with Harvest Price Exclusion plans was $8.57 per bushel. Link to full RMA memorandum: http://www.rma.usda.gov/bulletins/pm/2012/12-044.pdf
The wheat crop insurance sales Continue reading Wheat Crop Insurance Projected Price The link below provides wheat futures price information that will be used for determining the “projected price” for wheat crop insurance products such as Yield Protection (YP), Revenue Protection (RP), Revenue Protection with Harvest Price Exclusion (RPHPE), and Group Risk Income Protection (GRIP). Daily settlement prices for the July 2013 CME wheat Continue reading Wheat Crop Insurance Web Page |
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