Tuesday Cotton eNews

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September 30, 2014
 
Producers are reminded that  Cotton Transition Assistance Program (CTAP) sign-up is underway at county FSA offices. The application deadline is Oct. 7, '14.The CTAP payment rate equals 5.4 cents/lb times the direct payment yield times the '13 upland cotton base on a farm. The payment is subject to a 7.2% sequestration rate if applied for prior to Oct. 1 and 7.3% sequestration rate on or after Oct. 1. If there has been a change in the producer shares of the upland cotton base in '14, a succession of interest application must be filed. The CTAP payment is subject to a separate $40,000 payment limit per person or legal entity. More CTAP details and ARC/PLC general provisions are in a Federal Register notice at http://www.cotton.org/issues/2014/upload/14finalregpublic.pdf.
 
 
NCC UPDATE
 
U.S. COTTON
 
(Reuters) The United States and Brazil are close to settling a decade-old trade dispute over cotton subsidies, three Brazilian sources close to the talks told Reuters, in what would be the first concrete step to repair ties hurt by an espionage scandal.
 
 
WASHINGTON UPDATE
 
(AgriPulse) USDA officials yesterday announced more than $83 million in funding for several programs designed to encourage healthy, local food options in farmers markets and in the Supplemental Nutrition Assistance Program (SNAP).
 
 
INTERNATIONAL COTTON PRODUCTION
 
TRADE
 
(AgFax) Cotton futures traded with a slight loss Tuesday after opening on the session high overnight and testing the contract low in benchmark December.
 
 
(Fibre2Fashion) Economists at the World Trade Organization (WTO) have downwardly revised their world trade growth estimate for 2015 to 4 percent from the previous estimate of 5.3 percent.
 
 
TEXTILES
 
BIOTECHNOLOGY
 
(Farm Press) Monsanto reached a milestone last month in its bid to register dicamba-tolerant (Xtend) soybeans and cotton.
 
 
AGRIBUSINESS
 
(Farm Progress) Though the Federal Aviation Administration is in the process of changing rules governing use of unmanned aerial systems, farmers have not slowed in their quest to advance uses of the technology, now scouting fields for weeds and pests, documenting on-farm processes for agriculture advocacy and even reviewing irrigation needs.
 
 
COMMENTARY
 
(Farm Press) We all agree this is not a good time to be trying to sell cotton.
 
 
OF INTEREST
 
Tuesday eNews 9/30/14

Monday eNews 9/29/14

Friday eNews 9/26/14

Thursday eNews 9/25/14

Wednesday eNews 9/24/14