The United States Department of Agriculture Farm Service Agency (FSA) released the 2019-crop Upland Cotton Loan Premium and Discount tables on April 18 and they contain a significant number of changes compared to the 2018 tables.
The 2019 table also can be found on the Plains Cotton Growers (PCG) website at http://www.plainscotton.org/19UpCotLC.pdf, and complete information can be found at http://www.plainscotton.org/2019LoanPage.html.
Release of the revised premium and discount tables follows the earlier announcement that the Base Loan rate for Upland Cotton would remain 52 cents per pound for the 2019 crop.
The overall trend for adjustments to the 2019 tables seems to have been ...