Agfax
Cotton News
USDA’ s cotton crop progress ratings for the week ended Aug. 29.
Last week’s Hurricane Irene dumped heavy rain on nearly all of the cotton in Virginia and North Carolina. But it could have been worse.
Mississippi’s young cotton crop has already faced a list of challenges including flooding, late planting, insects and now drought.
Strong demand for cotton will push the new-crop annual average price to a new record high despite anticipated record-high global cotton production.
Will the expected increase of cotton acres actually get in the ground?
Cotton market fundamentals look strong but opinions are mixed after prices slipped from last week’s historic highs.
Key figures from USDA’s S&D, Production Reports
USDA’ s cotton progress and condition ratings for the week ended Aug. 8.