There are lingering questions about the world cotton crop and outlook as we head toward the mid-point of the U.S. growing season. For example, what is the extent of early-season damage to the Mid-South crop? Will China be net importers or net exporters? Are our domestic textile mills finally turning things around? Is the 14.4 million acre figure for U.S. cotton plantings bullish?
A panel of market experts will discuss these factors and other news behind the market — and provide some pricing strategies — at the Cotton Market Roundtable, on Friday, July 19, at 8 a.m. Central time.
All you need for the Web event is Internet access and Real Player software. The experts will discuss today's cotton market including: crop conditions, domestic demand, exports and farm policy.
Panelists include Carl Anderson, Extension economist, Texas A&M University, who will bring everyone up to date on Texas crop conditions; Jarral Neeper, assistant vice president, callpool operations and economics, Calcot, who will provide an update on western crop conditions; and O.A. Cleveland, economist and professor emeritus, Mississippi State University, who will sum up the Southeast and Mid-South cotton crops. Special guest Joe T. Nicosia, CEO, Allenberg Cotton Co., will provide a cotton market outlook.
The Roundtable will be broadcast from the New York Board of Trade's new facility on Hudson St. in New York City. The old location at the World Trade Center was destroyed in the Sept. 11 terrorist attacks.
For the first time, cotton producers from the United States will participate in an educational session prior to the event.
“We are expanding this year's meeting to invite cotton farmers and county agents to New York,” said Patrick McClatchy, executive director, Ag Market Network, a co-sponsor of the event.
“Our usual Cotton Market Roundtable will be preceded on July 18 by a NYBOT mock trading session. This will allow our guests to get a real feed for what happens each day to establish cotton prices. This is very rare for NYBOT to open up their floor this simulated session. It should prove very enlightening as well as entertaining.”
The mock session will be followed by dinner that evening hosted by NYBOT and Bayer Crop Science. For more information on the pre-event, contact Pat McClatchy at 888-795-8071.
You can log onto this live Web presentation at the NYBOT website at www.nybot.com.
At the NYBOT site, www.nybot.com, click on the Cotton Market Roundtable banner. You can listen to an audio of the event and ask questions via a chat room.
For more information, please contact NYBOT by mail at The New York Board of Trade, 174 Hudson St., 6th Floor, New York, NY, 10013, telephone, 800-HEDGE IT (800-433-4348) or e-mail firstname.lastname@example.org. You will not need a special passcode or user name to access the site.
The event is brought to you by the Ag Market Network, The New York Board of Trade and Farm Press Publications.
You will need to have downloaded Real Player to access the Cotton Market Roundtable. The address for doing this is http://proforma.real.com/real/player/blackjack.html