USDA’s August estimate of 14.0 million bales was 2.5 million bales lower than the July estimate. The market immediately responded with a move to 87-88 cents – the very top of the nine-month trading range.
The post Cotton Prices Climb on New USDA Production Numbers appeared first on Cotton Grower.
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<p>By Jennifer Hatcher, Chief Public Policy Officer and SVP, Government
<p>By: LeAnn Chuboff, Vice President, Technical Affairs, SQFI</p><img src="https://www.fmi.org/images/default-source/blog-images/edition-10-logo.tmb-large-350-.png?Culture=en&sfvrsn=b4fa9418_1" style="float:right;margin-bottom:10px;margin-left:15px;"
<p>By Jennifer Hatcher, Chief Public Policy Officer and SVP, Government
