Warehouses Not Complying with Mandatory Reporting
The linked page is updated each week and shows the number of warehouses by state and region that fail to submit weekly cotton flow (BMAS) reports.
Fourth Shipping Order Update (Batch 23) Status Report
(4/17/15) The industry bulletin was sent to leadership of select NCC certified interest organizations (cotton shippers, marketing cooperatives, warehousemen and ginners). It urged them distribute the bulletin to their membership and assist with ongoing Batch 23 educational efforts.
Clarification of Bales Made Available for Shipment by CCC-Approved Warehouses (Final Rule)
(12/1/14) FSA published a technical change in the Federal Register that addressed the counting of "not picked up bales" on warehouse BMAS reports.
Third Update on Industry Initiative to Improve Cotton Flow
(10/30/14) Discussed implementation procedures for modified Batch 23 (shipping order update) files.
Second Update on Industry Initiative to Improve Cotton Flow
(6/27/14) EWR Inc.’s programing modifications to their Shipping Order Update (Batch 23) files are in place and ready for testing by key USDA staff to insure that the audit report features work as desired.
First Update on Industry Initiative to Improve Cotton Flow
(5/7/14) In response to a joint recommendation from Cotton Growers Warehouse Association and Cotton Warehouse Association of America, the NCC Board of Directors took action on recommendations from the NCC’s Cotton Flow Committee. As a result of this action, USDA soon will have the ability to see all shipping order update information sent by shippers and warehouses.
Shipping Cotton Quickly & in Good Faith
(July 2014) The relationship between cotton shippers and warehouses dates back to the beginnings of the cotton industry. ... (but) time and communication ... has often become a sticking point in today’s movement of cotton.
APHIS PHYTO Programs More Baled Cotton Friendly
USDA-APHIS has worked closely with the NCC and the cotton industry to make sure the phytosanitary certificate issuance process is cotton friendly. The APHIS PHYTO page contains useful information regarding the agency's electronic phytosanitary certificate (PHYTO) program and the APHIS compliance program for cotton warehouses.
User Guide for Transferring Cotton Pledged as Collateral For a Commodity Credit Corporation (CCC) Loan (26K pdf)
CCC mailed a guide to selected cotton interests on April 9, 2008 containing updates and clarifications for transferring CCC loan cotton. No major changes to the transfer process were made. The purpose of the guide was to encourage merchants and others to use the web process when redeeming cotton in the CCC loan.
CCC to Implement Denied Storage Credits Software
According to “Notice CN-1030” CCC will begin denying storage credits for yard-stored upland cotton on March 25, 2008. The notice contains general provisions describing: 1) how to determine when payments begin (called the “CCC storage-start date”), 2) the loan notification date, 3) how to determine the 15-calendar-day grace period for loan bales that are yard-stored but moved inside and 4) clarifies warehouse reporting requirements for yard storage of CCC cotton loan collateral. The notice states that “…under CCC’s zero-tolerance policy about yard storage reporting, if loan bales are found to be yard-stored but not reported as yard-stored, the warehouse is subject to losing its approved status.”
CCC Issues Policy Regarding Use of Cotton Transfer Process for Certification
The Commodity Credit Corp. permits use of the loan-cotton transfer process for the purpose of replacing electronic warehouse receipts (EWR's) with certificated EWR's. This will allow loan bales to be deliverable (after they are redeemed from loan) under futures contracts of the Intercontinental Exchange, Inc.
Loan Cotton Charges and Transfers Described (52K pdf)
This NCC-developed paper describes loan charges that producers may face upon forfeiture of cotton. The paper also points out how recent regulatory changes may affect loan charges. The updated paper includes adjustments to CCC storage credit rates which reflect the changes required by the 2008 Farm Bill. In April of 2011, USDA's Farm Service Agency updated the "Fees and Charges Assessed by the Commodity Credit Corporation for Cotton Loans, Loan Forfeitures, and Relocation of Collateral" fact sheet. Page three of the fact sheet is a revised table that shows how each charge is handled.
Explanation of Mandatory Warehouse Reporting Requirements
The explanation contains a summary of the mandatory reporting requirements that are included in the (USDA CCC-823) Cotton Storage Agreement and contact information for anyone needing additional information.
Rack Sample Study Board Report
The NCC’s Rack Sample Study Committee surveyed the industry to define current buyers’ sample-handling practices, costs and sample usage. Study Committee Chairman Bill Bowen reported a summary of the committee's findings at the 2004 Mid-Year NCC Board meeting.
Rack Sample Study Committee Report
(Members Only) NCC staff reported to the Rack Sample Study Committee results of survey designed to define current buyers’ sample-handling practices, costs and sample usage.
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