Current Issues

New Texas Law Requires Changes to Purchase Contracts

2017 JUL 11 - A NEW TEXAS LAW WILL APPLY TO ALL TEXAS COTTON PURCHASE CONTRACTS WITH PRODUCERS SIGNED ON OR AFTER  SEPT 1, 2017 A copy of HB 338 is attached. We are told this version was adopted by the legislature and signed by the Governor. Despite requests via the Senator from Lubbock and a [...]

Upland Cotton Announcement

2017 Jul 7:  The Department of Agriculture's Commodity Credit Corporation announced the adjusted world price (AWP) for Strict Low Middling (SLM) 1-1/16 inch (leaf grade 4, micronaire 3.5-3.6 and 4.3-4.9, strength 26.0-28.9 grams per tex, length uniformity of 80.0-81.9 percent) upland cotton (base quality), adjusted to U.S. quality and location, the fine count adjustment (FCA), [...]

Cost to Market Adjustment Announcement

Please click on the link below to read the letter. 2017-0705 FSA Response to industry letter on transportation costs (July 5 2017) final

NCC News Release regarding Cottonseed Policy

The National Cotton Council has issued a press release regarding the exclusion of Cottonseed Policy from the fiscal year 2017 omnibus appropriations bill.  Please click on the link below to read the news release. 2017-0504 NCC News Release-Cottonseed Policy

2017 USDA Update Presented at ACSA MWB Meeting January 19, 2017

Topics Include: Quality of 2016/17 Crop, Futures Update, Foreign Growth (World Cotton Contract), Fees, and Innovations Update

CFTC Issues No-Action Relief for Aggregation Notice Filings for Position Limits

Today, the Commodity Futures Trading Commission (CFTC or Commission) issued time-limited no-action relief for aggregation notice filings for position limits. Specifically, any person or entity that is eligible to rely on an exemption from aggregation under Regulation 150.4(b) will not need to comply with the notice filing requirements until August 14, 2017. Without the relief, [...]