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| We locked out basis in for 350 off the other day. been watching it close. It got to where we can get 71 net thursday but I am looking for 75 and I am going to book about a bale to the acre and look for more. I think we have about another 2-3 weeks before this market turns over and need to have the cotton priced and look for a hefty LDP next year as when it turns over I am thinking 40 cent cotton by next fall. Best cure for high prices is high prices. Going to be a lot of cotton planted if it gets anywhere close to 75 cents net in your pocket.
Brad | |
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Cotton Marketing
