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August 17, 2012
 

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PAST ISSUES/ARCHIVES
 
Cotton's Week: March 22, 2024
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Cotton's Week: March 1, 2024
 
 


 
ACP, Cotton Foundation Leadership Meet

Farm policy and key environmental issues were the focus of the joint meeting in Nashville, TN, of the American Cotton Producers, chaired by Clyde Sharp, an Arizona producer, and the Cotton Foundation, chaired by Sledge Taylor, a Mississippi producer/ginner.

NCC Chairman Chuck Coley provided a report that included an update on the Peru Countervailing Duties investigation. He also asked for flexibility and unity throughout the current farm bill debate. NCC staff provided a thorough review of the farm bill debate status and the provisions of the Senate-passed and House Agriculture Committee-passed versions of the '12 farm bill. Producers discussed possible cotton program transition options that may be necessary if STAX is not available for the '13 crop.

A panel of EPA and crop protection company representatives, along with NCC staff, provided a detailed overview of the issues surrounding pollinator protection and its impact on product registrations. This issue has risen to be one of the most critical environmental issues for registrants and the EPA. NCC staff provided updates on spill prevention control and counter measures and the NCC-conducted Field Print Calculator pilot projects. They also reviewed recent discussions with Brazilian government and industry officials, US government, and Congress with regard to the World Trade Organization case.

ACP members relayed topics for consideration by the planning committee for the '13 Beltwide Cotton Production Conference. Producers also discussed National Cotton Ginners Assoc. recommendations on module averaging and longer producer gin runs.

 
NCC Mid-Year Meeting Set

The NCC will conduct its Mid-Year Board of Directors meeting on Aug. 22-24 at the Peabody Hotel in Memphis, TN.

NCC Board committees will meet on Wednesday afternoon, Aug. 22, and on Thursday morning, Aug. 23. Cotton Council International's (CCI) Board of Directors meets on Thursday morning, followed by the NCC Board's open session that afternoon. After Thursday afternoon's open session, the Board will convene for a short business session.On Friday morning, Aug. 24, the Board will re-convene in open session to hear a trade report from Darci Vetter, USDA Deputy Under Secretary for Farm and Foreign Agricultural Services, followed by the Board's executive session.

Thursday afternoon's open session will feature reports by NCC Chairman Chuck Coley, Committee for the Advancement of Cotton Chairman Bobby Greene, Cotton Council International President Jimmy Webb and a number of NCC staff.

Friday morning's executive session will include several NCC committee reports.

 
Foundation Projects Approved

The Cotton Foundation Board of Trustees approved funding for 25 general research projects totaling $361,242. Approved projects include studies related to pest management, herbicide resistance, fiber quality, agronomic practices and education. The Trustees' approval followed the Cotton Foundation's annual membership meeting in conjunction with the ACP meeting in Nashville (see lead story).

Sledge Taylor, a Como, MS, producer/ginner, was elected Cotton Foundation chairman for '12-13. Barry Evans, a Kress, TX, producer, was elected president. Elected Foundation officers were: Mark Lange, executive vice president; Bill Norman, executive director/secretary; Doug Rushing, allied industry trustee with Monsanto, treasurer; and Buzz Shellabarger, assistant treasurer.

In addition, Cotton Foundation trustees elected for '12-13 include producers: David Grant, Garysburg, NC; Kirk Gilkey, Corcoran, CA; and Ben Guthrie, Newellton, LA; and allied industry members: Mark Lindsey, DuPont Crop Protection; John Freed, Syngenta; Matthew Rekeweg, Dow AgroSciences; and Alan Ayers, Bayer CropScience.

 
NCC Urging Stepped Up Contamination Prevention

A "Contamination Prevention Alert" was distributed to Joint Cotton Industry Bale Packaging Committee (JCIBPC) members/advisors and to cotton interest organizations – with the aim of urging producers, ginners, warehousers and their employees to pay particular attention to contamination prevention this harvest season.

JCIBPC Chairman Stan Creelman noted in his alert memo that the first goal of JCIBPC policy is to eliminate contamination by investigating and identifying contamination sources; and developing and implementing technical and educational solutions.

The Tulare, CA, ginner said, "Let me encourage ginners, producers, warehousers and their respective cotton interest organizations to be more proactive when the subject of foreign material in U.S. cotton lint is discussed and to continually strive to keep foreign material in lint close to zero."

The alert was sent after it was learned that the most recent International Textile Manufacturers Federation (ITMF) survey of worldwide cotton contamination found that there was a slight increase in contamination for most of the world's cotton growths when the survey years of '11 and '09 were compared. Anecdotal evidence from US spinning mills and nonwoven cotton products producers tends to confirm the ITMF survey results. Further, some US spinners have stated they were experiencing more contamination issues with the '11 cotton crop than with the '10 crop.

Available on the NCC website's Quality Preservation page, www.cotton.org/tech/quality/index.cfm, the alert emphasizes that even though US cotton still is considered as one of the least contaminated cotton growths, the US cotton industry must be diligent if it wants to maintain that status. That page also contains links to other useful resources aimed at helping industry members aggressively identify and eliminate potential contaminants from seed cotton and lint.

Questions or comments regarding the alert can be directed to Dale Thompson, the NCC's Manager, Marketing & Processing Technology (901) 274-9030 or dthompson@cotton.org.

 
Mid-South Cotton Producers to See Texas Operations

Eight cotton producers from Missouri, Tennessee, Arkansas and Mississippi will see cotton operations in Texas on Aug. 20-23 in the last of the four '12 National Cotton Council's Producer Information Exchange (PIE) tours.

Upon completion of this final of the four '12 tours, the PIE will have exposed more than 1,000 U.S. cotton producers to innovative production practices in regions different than their own since the program was initiated in '88.

Sponsored by Bayer CropScience by way of a grant to The Cotton Foundation, the PIE program is aimed at helping its US cotton producer participants improve yields and fiber quality. Specifically, the program helps producers improve their overall farming operation efficiency by: 1) gaining new perspectives in such fundamental practices as land preparation, planting, fertilization, pest control, irrigation and harvesting and 2) observing firsthand the unique ways in which their peers are using current technology.

The Southwest tour will begin on Aug.t 20 in Lubbock at the Plains Cotton Growers office for updates on Texas cotton production, Texas A&M U.'s Texas Cotton Improvement Program and Bayer CropScience's research and development. The group also will visit PYCO Industries and Farmers Cooperative Compress before touring Vardeman Farms in nearby Slaton. The next day in Lubbock the group will hear a presentation on electronic marketing at Plains Cotton Cooperative Assoc., tour the Lubbock Feedlot and visit the Back to Earth Resources facility for a look at turning gin waste into a value-added product. They also will tour Mimms Farm in Acuff.

During the next two days, the group will be in the state's Coastal Bend area. On the 22nd while in Corpus Christi, they will visit Gulf Compress, the Port of Corpus Christi and Gatefront, LLC. They also will visit Edcot Gin Coop in Odem, the Gregory Gin in Gregory and then participate in individual farm tours in San Patricio, Nueces and Kleberg counties. The tour concludes on the 23rd in Kingsville with a tour of the King Ranch and Farms and a presentation on algae biodiesel and gossypol free shrimp feeding projects conducted by Texas AgriLife Extension.

The Mid-South tour participants include: Missouri – Andrew Blakemore, Campbell; Skyler Droke, Hornersville; and Payton Harris, Kennett; Tennessee – Holt Shoaf, Milan; Arkansas – Michael East, Jr., Marion; and Paul Pirani, Clarkedale; and Mississippi – Thomas Ater, Natchez; and Phil Lucius, Derma.

In this season's previous tours, Southeast producers saw operations in California, Southwest producers traveled to the Mid-South and Far West producers visited North Carolina.

 
'12 Sourcing USA Summit Set

Cotton textile industry leaders from across the world will convene at Terranea® in Rancho Palos Verdes, CA, on Nov. 13-16, for the '12 Sourcing USA Summit.

The biennial event, organized by Cotton Council International and Cotton Incorporated, is an effort to increase cotton fiber exports and further develop the cotton fiber export market. The Summit joins global cotton industry leaders for interactive business forums and networking opportunities. Organizers estimate some 400 of the world's leading cotton mill and cotton export executives will attend.

Twenty US export and 10 allied industry organizations are sponsoring this year's Summit.Exporter sponsors include: Jess Smith & Sons Cotton; Plains Cotton Cooperative Assoc.; San Joaquin Valley Quality Cotton Growers Assoc.; Toyoshima; Omnicotton; ECOM Cotton; J.G. Boswell Company; Staplcotn; Calcot; Allenberg Cotton Co.; ACG Cotton Marketing LLC; Cargill Cotton; White Gold Cotton LLC; Olam; Cotton Growers Coop; Toyo Cotton Company; Noble Cotton; Baco Trading; Glencore Trading; and Supima. Allied industry sponsors include: Wakefield Inspection Services; Steadfast Futures & Options/LOGIC Advisors; Monsanto; Cotton Market and Risk Management Consulting; Cargo Control Group; CoBank ACB; Uster Technologies; Rieter Textile Systems; Bayer CropScience/FiberMax & Stoneville; and ICE Futures U.S.

Additional Summit information is at www.sourcingusasummit.com.

 
Sales, Shipments Steady

Net export sales for the week ending Aug. 9 were 96,400 bales (480-lb). This brings total '12-13 sales to approximately 4.5 million bales. Total sales at the same point in the '11-12 marketing year were approximately 6.9 million bales. Total new crop ('13-14) sales are 154,700 bales.

Shipments for the week were 138,700 bales, bringing total exports to date to 202,500 bales, compared with the 171,900 bales at the comparable point in the '11-12 marketing year.

 

 
Effective Aug. 17-23, ’12

Adjusted World Price, SLM 11/16

 63.14 cents

*

Fine Count Adjustment ('11 Crop)

 0.94 cents


Fine Count Adjustment ('12 Crop)

 1.14 cents


Coarse Count Adjustment

  0.00 cents


Marketing Loan Gain Value

 0.00 cents


Import Quotas Open

13


Special Import Quota (480-lb bales)

836,281


ELS Payment Rate

0.00 cents


*No Adjustment Made Under Step I

 

Five-Day Average




Current 5 Lowest 3135 CFR Far East

83.39 cents


Forward 5 Lowest 3135 CFR Far East

NA


Coarse Count CFR Far East

NA


Current US CFR Far East

83.90 cents


Forward US CFR Far East

NA


 

'11-12 Weighted Marketing-Year Average Farm Price  
 

Year-to-Date (Aug.-June)

89.72 cents

**


**Aug.-July average price used in determination of counter-cyclical payment