July 2013 Cotton Leader
PUTTING MONEY BACK INTO PRODUCER'S POCKETS
Cotton root rot has been robbing yields, lowering fiber quality, and decimating Texas cotton for more than a century. "This disease affects an estimated 1.5 million acres of Texas cotton and causes an estimated $29 million in economic losses each year," explains Dr. Bob Nichols, Senior Director, Agricultural and Environmental Research for Cotton Incorporated. When producers turned to the Cotton Incorporated Texas State Support Committee in 2009, a project was funded to screen newlyavailable fungicides. In 2010, research identified a candidate fungicide, flutriafol, trade named TopGuard.® The Cotton Research & Promotion Program, Cotton Incorporated and the Texas State Support Program Committee began funding field research evaluations in cooperation with Texas AgriLife Extension, Southern Rolling Plains cotton producers, and USDA-ARS. "Following positive results, and with the help of the Texas Department of Agriculture and the approval of the Environmental Protection Agency, a Section 18 label was granted for up to 288,000 acres," adds Nichols. During the 2012 growing season, flutriafol was used on an estimated 77,000 acres of irrigated cotton and 153,000 acres of dry land cotton. Not even considering improvements in harvesting efficiency and in fiber quality, the total economic benefit to growers is estimated at $8.5 million or $61.47 per irrigated acre and $24.74 per dry land acre. "It was a true combined and unified effort to get this product in the hands of our producers who needed it," concludes Nichols.
GET YOUR ANNUAL MEETING DATE INTO THE COTTON BOARD CALENDAR
The Cotton Board has started preliminary production on their 2014 Cotton Board Industry Calendar. This calendar is sent to every cotton producer who grew at least 100 bales of cotton in the previous crop year. To make the calendar valuable to producers, The Cotton Board includes the annual meeting dates of cotton industry organizations. If you would like The Cotton Board to list your meeting date in the 2014 calendar, please send an email to sgorman [at] cottonboard [dot] org and include your organizations name, the meeting date, meeting venue and meeting location.
NEWS Webcast S on Plant Growth Regulators /IRRIGATION
A cotton plant's unpredictable growth habit is complex compared to most major row crops, which makes plant growth regulators, or PGRs, a very useful management tool for cotton producers. In this month's free Focus on Cotton webcast, published courtesy of Cotton Incorporated and the Plant Management Network, Dr. Guy Collins, Extension Cotton Agronomist at the University of Georgia, discusses the basics of plant growth regulator use in cotton crop management. Collins helps consultants, county agents, growers, and other practitioners in the Cotton Belt identify: How plant growth regulators modify plant growth; Why growth regulators are used and How to identify plant growth characteristics or situations in which growth regulator applications may be needed or not needed. By the end of this presentation, listeners should know more about the general use of plant growth regulators and how to utilize them to achieve optimal cotton yields. To view the free webcast please visit, Http://www.plantmanagementnetwork.org/infocenter/topic/focusoncotton/. The second Focus on Cotton webcast, from Dr. Tom Barber, State Extension Specialist at the University of Arkansas, discusses the management of irrigated cotton for maximum profit. This presentation will help consultants, county agents, growers, and other practitioners in the Southern U.S. cotton-producing states to understand more about proper irrigation techniques, timings and management potential to increase cotton productivity and profitability. In recent years, irrigation has become an increasingly important factor in the profitability of producing a cotton crop. Specifically in this presentation, producers will hear about critical stages to initiate irrigation and reduce stress, scheduling subsequent timings, irrigation termination, plant growth regulator management with irrigated cotton and timely irrigation to activate residual herbicides and improve uptake of soil nutrients. By the end of this presentation, producers should know how to maximize cotton yields through timely irrigation management.
COTTON FROM BLUE TO GREEN GOING STRONG!
The Cotton. From Blue to Green.™ denim recycling program was created by Cotton Incorporated in 2006 as part of Cotton Incorporated's groundbreaking collegiate mobile marketing initiative Cotton's Dirty Laundry Tour.® The Cotton. From Blue to Green.™ denim recycling program collects unwanted denim from people around the country and, through a partnership with Bonded Logic Inc., transforms it into UltraTouch™ Denim Insulation. As a result, fewer textiles are sent to landfills – reducing the amount of waste. In addition, a portion of the insulation is given to communities in need to assist with building efforts. Individuals, schools, organizations and businesses nationwide contribute denim to the program each year. As of December, 2012, the program has received over 954,000 pieces of denim for recycling. "We'll be celebrating the millionth collected piece of denim sometime this fall," says J. Berrye Worsham, President & CEO, Cotton Incorporated.
The last month has generally been described as a period of slow trading activity, but there has been some movement in world cotton prices. The most-actively traded December futures contract rose to nearly 90 cents/lb after the release of last month's USDA report and then fell as low as 83 cents/lb in early July. In the most recent activity, the December contract traded around 85 cents/lb, nearly in the middle of its range since May. The A Index moved between 90 and 96 cents/lb over the past month and was 94 cents/lb in the most recent data. The latest USDA report featured revisions that increased world production and decreased world consumption figures for both the 2012/13 and 2013/14 crop years. The combination of higher world consumption estimates and lower global consumption figures implied an increase in ending stocks, and the projection for 2013/14 world ending stocks rose 1.8 million bales (to 94.3 million bales). According to the current forecast, 2013/14 ending stocks will be 10% higher (94.3 million bales) than the record volume estimated for 2012/13 (85.6 million). Given the existence of so much cotton, there has been potential for significant downward pressure on world prices. However, that pressure has been mitigated by Chinese cotton policies that have absorbed stocks and withheld them from the market. The most important question for cotton price direction is how much cotton China might import in the upcoming crop year, and there is considerable uncertainty surrounding China's import forecast.