Cotton Futures Attempt Rally and Food Safety Certification for Specialty Crops
From the Ag Information Network, this is your Agribusiness Update.
**December24 futures prices for cotton are attempting a rally.
Since the string of closing prices below 72 cents, price has gained roughly 2 cents, now testing what could be a little resistance at the 74-cent area.
www.morningagclips.com reports if we can successfully negotiate the possible hurdle at 74, this could set the market’s eye on 77 to 78 next.
The “mini-resurgence” is thought to be due to speculative buying and increasing weather concerns.
www.morningagclips.com/cotton-marketing-news-11/
**The USDA is expanding the Food Safety Certification for Specialty Crops program to include assistance for medium-sized businesses for 2024 and 25 expenses.
Eligible specialty crop growers can apply for assistance for expenses related to obtaining or renewing a food safety certification.
Applications for calendar year 2024 expenses begin today and through January 31st.
The 2025 application period will be January 1st of 25 through January 31st of 26.
**Senate Ag Committee Chair Debbie Stabenow says the only path to passing a bipartisan farm bill is holding together the farm AND food coalition that’s been the foundation of past farm bills.
However, Stabenow says, recent attempts to fracture that coalition through misleading statistics and an inaccurate portrayal of how the farm bill works have stalled progress on negotiations and risks forcing another 2018 extension.
