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By Bryce Myrick
Director, TFB Agricultural Marketing Education
Flexibility, education, and new ways to market commodities are keys to being successful. Using futures and options to hedge a crop, retaining ownership and selling cattle on a grid, or trying to develop new markets should be the goals of every producer.
Two weeks ago, the Texas Farm Bureau Marketing Committee went to Mexico to develop relationships with Mexican cotton mills and cottonseed feeding cooperatives. Our goal was to explore the possibility of selling Texas cotton and cottonseed directly to Mexico. What we found were Mexican buyers willing to come to Texas and meet with gins and producers. They believe a working relationship would be beneficial for them and cotton producers.
In the weeks ahead, you will hear more about what TFB is doing to initiate new markets for Texas cotton producers. If you have more questions, please give me a call.
To set up workshops or for help with your hedging needs, call 254-751-2242 or 915-698-0355 or e-mail: bbmyrick@swconnect.com.
Fundamentals:
Kansas weather will affect price
Technical
Analysis: Trend - Down; Resistance - 3.45; Support - 3.12
Fundamentals: Exports strong
Technical
Analysis: Trend - Up; Resistance - None; Support - 5.30
Fundamentals: Bullish short numbers for April cattle on feed
Technical
Analysis: Trend - Up; Resistance - None; Support - 83.80
