Cotton
Summer crop area expected to be similar to year-ago.
Following the recent record-high cotton prices, demand for cotton has steadily decreased while output has increased.
Says slowdown in global economy behind reduction to forecast.
Cotton is a “mixed bag” in the Panhandle and South Plains, according to Texas AgriLife Extension Service personnel.
Texas producers are abandoning irrigated fields of cotton, corn, sorghum and hay as wells run dry.
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?