Hurricane Michael's Path Puts Cotton, Commodities at Risk

The video discusses the impact of weather events on agricultural commodities, focusing on cotton, citrus, and sugar cane. Cotton is at risk due to Hurricane Michael, with potential damage in the Carolinas and Georgia. The market is expected to react with short covering and possible price increases. The track of Hurricane Michael is crucial for citrus crops in Florida, with potential impacts on orange juice prices. Sugar cane in the Mississippi Delta is also affected, with recent price rallies due to a stronger Brazilian real. Overall, the video highlights the significant influence of weather patterns on agricultural markets.

What percentage of US cotton is produced by the Carolinas and Georgia?

• 30%

• 20%

• 40%

• 10%

What is the expected impact of the weather on India's cotton production?

• Increase by 4-5%

• Decrease by 4-5%

• Increase by 10%

• Remain stable

What is the significance of the USDA report mentioned in the context of cotton?

• It forecasts a surplus in cotton production.

• It is expected to be bullish for the cotton market.

• It suggests a decline in cotton demand.

• It predicts a decrease in cotton prices.

How might the track of Hurricane Michael affect citrus crops?

• By causing a significant citrus problem

• By increasing citrus production

• By having no impact on citrus

• By improving citrus quality

What has caused sugar prices to rally recently?

• A decrease in global sugar demand

• A higher Brazilian real making exports more competitive

• An increase in sugar production

• A decrease in sugar production