Profitability Outlook Update

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The profitability outlook has been updated after the release of the April 9, 2015 USDA WASDE reports. Today’s market reaction while negative, did not change much in the profitability outlook. I would like to point out the cotton price of 70 cents that is being used in the profitability outlook. I would guess that there has been very little cotton priced for 2015. The price of 70 cents is made up of a cash price of 62 – 63 cents and gin rebates (seed & hauling) of 7-8 cents. Continue reading at Profitability Outlook April 9 2015.