U.S. Department of Agriculture
Cotton harvest 2017 is underway in the nation’s top cotton growing state, Texas.
According to the USDA, nearly all of the cotton crop has been picked, and now the gins are hard at work.
The United States Department of Agriculture (USDA) is forecasting a big cotton crop in the United States this year at 12.2 million acres overall, a 21 percent increase from 2016.
The government’s forecast for cotton farm prices during the current marketing year is below many farmers’ cost of production.
U.S. cotton supply and demand estimates include slight revisions, resulting in an increase of 300,000 bales in forecast ending stocks.
USDA’ s cotton crop progress ratings for the week ended Aug. 29.
Strong demand for cotton will push the new-crop annual average price to a new record high despite anticipated record-high global cotton production.