Today I’m continuing my series on the state of commodity markets for several Texas High Plains commodities (as long as the power stays on). Today we wrap up the portion on crops with the state of the cotton market. The long and short is that cotton is doing as well as the rest of the crop complex, price-wise. You can see a similar post for the wheat, corn, and sorghum markets in my last two posts. Next week I’ll wrap up this series with a post on the state of the cattle market.
The last leg of the growing season for summer crops is a critical time. In a low price environment many turn to cost-cutting as a way to seek profitability. Today we’ll discuss whether cutting out that last round of inputs is the most profitable decision. We’ll also highlight and demonstrate some tools that will help you in the decision-making process.