Well a lot has transpired since my post just last week! We saw limit up on Tuesday (likely from the combo of Irma and the news out of China which I mentioned in last week’s post here) we then began to breakdown a bit after that sling shot. Then on Friday by golly we hit contract highs for Dec at 75.75!! That did not hold though and we did … [Read more...]
Cotton is Getting Rowdy Y’all
Whew this has been a wild ride huh? Cotton is getting rowdy! Let’s talk about what is making this party rage on. Well first there was Harvey. It hit SE Texas where harvest was about 70% complete. Right before Harvey hit that Saturday we saw cotton break down on Friday. We were all kind of like “say huh?” How are we breaking down ahead of a … [Read more...]
Sometimes Weather Sucks
Our feelings toward the weather changes with the wind. Get it? Sometimes we pray for rain, other times we curse rain, we pray for sunshine/heat units, and then curse when it gets too hot. That’s never going to change. We know what our crop needs and that’s what we want to happen. I mean, why would you want anything other than what the crop needs? … [Read more...]
Slightly Bullish
Well the highly anticipated June 30th acreage report was released and what was the reaction for cotton??? Slightly bullish is the term many are using. So, what does that even mean and what made us arrive at this description? Well let’s talk about it. To fully understand what I’m talking about here let’s start at the beginning. The first report … [Read more...]
The 411 on Cotton
Well it’s been an interesting ride so far huh? We have seen the 6, 7, and 8 handles across multiple contract months. July went on a limit up speckled ride and flirted with 90 cents. Although, it never hit 90 cent the idea of it was exciting. However, we have been on a steady slide downward ever since. It was taking slaps to the face daily … [Read more...]
Wassup With Debt?
Debt has been a hot topic across the Ag community recently and not really because it has been good news. Credit conditions are tightening. Some producers have had back to back loss years and some are fighting to hit breakeven. Needless to say the definition I always refer to for a farmer is now ringing more true than ever – “Land Rich and Cash … [Read more...]
Can I Interest You in a Conversation About Debt?
It is about time to start thinking about debt again folks. Well, you never really quit thinking about debt, but it is the time of the year you have to address it and give it a little extra attention. We all know how things are looking out there. Prices are down and some areas have also been hit hard with disease or weather events. It is hard … [Read more...]
So much advice for 2016, what is actually working so far?
The topic that was trending more than any other from the end of 2015 to the first quarter of 2016 was definitely "How to make it through 2016." With depressed commodity prices and higher debt loads many were left scratching their heads on how to pull together a plan to make ends meet. Well, out of all of the advice that was given I am going to … [Read more...]
Why All The Fuss About Peanuts?
While reading your daily Ag news outlet of choice, you probably won’t see near as many stories about peanuts as you do about corn, soybeans, wheat, and cattle. Well don’t fret because you are about to get the down low on peanuts. Peanuts can be found throughout the U.S., but they are one of the most predominant crops found in the South. Now let’s … [Read more...]
5 Steps Beyond Your Basic Financial Plan at Tomorrow’s Top Producer
I am very excited to be a part of Tomorrow's Top Producer Conference this year. This is their first 2 day conference for Next Generation Farmers. As someone who devotes a lot of time working with the young farm generation, I couldn't be happier to be a part of the event. The conference could not be at a better location either, … [Read more...]
