Cotton Markets Searching for Balance

May 21, 2019 04:00 PM
 
 

John Payne, the author of 'This Week in Grains and Oilseeds' recently spoke to AgDay's Clinton Griffiths about cotton planting and the hope for better prices.

"West Texas is putting [cotton] in the ground and it may be the best crop they've had in the last 10 years as far as the moisture profile looks," says Payne. "The temps are a little cold but really, it's about an acreage number right now."

A bigger crop and decent planting have started to weigh on prices in recent weeks.

"If we have a good crop, we could have 50% bigger supply leftover than we did this last year," says Payne.  "We export 80% of [our cotton] and so if we don't have a trade deal along with the US dollar being really strong, those are factors I think could limit price over the long run."

Watch the entire conversation in the video below.

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close