Ahead of harvest, cotton producers worry about prices

Ahead of harvest, cotton producers worry about prices

LUBBOCK, Texas -

Scattered showers over the past few days have brought some much needed rain to our region allowing the cotton crop to fully mature. Now, producers are waiting for harvest, based on current conditions, they may be ready to get started sooner than expected.

"The great 100 degree days we had and the lack of rainfall we had, as it turned out heat units weren't our problem it was the rain unit that we didn't get that we could really use," said Steve Verett, executive vice-president of Plains Cotton Growers. "We think harvest will start probably within the next 10 days to 2 weeks especially if we don't get any rain over the next 3 to 4 days."

The biggest concerns for producers right now are national pricing and international trade deals. Verett said producers have been trading below 60 cents on the December contract for some time now.

"We are hearing about the tariff stuff and China," said Verett. "The market was up significantly today one of the best days we've had sometime, so we now have December back above 60 cents but that is still well below the cost of production."

Verett adds that producers remain optimistic that trade deals will be negotiated in their favor bringing stability to the market.

 

 

 

 

 

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