Sunday, May 22, 2016 12:40:57 PM
I guess pharma announcement of climbing on board or buying us out could break between now and shareholders' meeting. Bout the only items of interest for next couple of weeks, and those would be big ones.
Speaking of the seasons, this is about the time serious money starts getting thrown around in the COTTON FUTURES and commodities market. We got a couple lines in for MOBY COTTON, not grandma this year. Here's a couple on NEXT GENERATION COTTON PICKERS Supima is suddenly promoting[/quote]
This is one of the photos on the SUPIMA GETS SOCIAL MEDIA SAVVY story put up on their site last Thursday. <Link to That>e.
Not finding any projections for San Joaquin Valley (Supima's main farmers and millers). I'm taking this as a very positive ad campaign for protecting their brand now. Good model for Texas and upland cotton, ultimately for us.
On upland cotton, lack of crop projections is another matter. This AGFAX site and their Data Transmission Network updates get confusing. But here's a ragged excerpt from another Thursday article. Get's into cotton being held in warehouses (long with some of our money:), and what they're betting on for harvest coming up:[/quote]DTN Cotton Close: Solid Buying Unable to Break Sideways Trend By Darin Newsom DTN Senior Analyst May 20, 2016
Solid buying was seen in both old-crop and new-crop cotton, just not enough to break out of ongoing sideways trends.
July cotton closed 0.60 higher at 61.67 while new-crop December rallied 0.47 to 61.33.
The cotton market remains in sideways trends on both its long-term monthly and intermediate-term weekly charts. However, renewed commercial buying has been seen of late, indicated by the weakening carry in the new-crop December-to-March futures spread. Much of this support, including Friday’s, is likely due to continued concerns over wet conditions in the U.S. Southeast and Delta growing regions with more rain forecast for the weekend. Technically, both old-crop July and new-crop December continue to hold above price support on weekly charts at 61.28 and 60.53 respectively.[/quote]<Link to That>
Last year, we dragged through the summer below $3, then got the cotton harvest news in late July early August that blew us up to $9. With August/Sept more than a quarter away, then earnings out till December for that, we do have a couple of long term bench marks.
DLA/Defense Industry Association combined shindig in August
The Army's been planning on attending for a while. Navy SEEMS like they're on board from last week.
NUTRITIONAL SUPPLEMENTS. GNC s'posed to have their floor sweepings genotyped as St John's Wort by Sept too. Just a hope.
Alrighty Bruce, good fishing! and GLTA.
Nuff of my ragged ass BS for the day.
VR
Mike Sharkey
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