Increase Expected In Southeast Acres
Amanda Huber
Southeast
Furthermore, Ruppenicker points to better prices.
"The futures price for 2010 and beyond bodes well for increased cotton acres, but it is still extremely expensive to grow as compared to corn and soybeans," he adds. "With soybean futures trading consistently above $10 per bushel, farmers will likely still devote sizable acres in the region to soybeans. That's why I don't think cotton will come back with a vengeance."
A cautious increase is better because a sizable increase would push prices down more quickly. The Southeast's growing climate tends to favor cotton.
source : cottonfarming
Amanda Huber
Southeast
Furthermore, Ruppenicker points to better prices.
"The futures price for 2010 and beyond bodes well for increased cotton acres, but it is still extremely expensive to grow as compared to corn and soybeans," he adds. "With soybean futures trading consistently above $10 per bushel, farmers will likely still devote sizable acres in the region to soybeans. That's why I don't think cotton will come back with a vengeance."
A cautious increase is better because a sizable increase would push prices down more quickly. The Southeast's growing climate tends to favor cotton.
source : cottonfarming
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