USDA Prospective Plantings: 10.7 Million Cotton Acres in 2024
By Jim Steadman|March 28, 2024USDA’s Prospective Plantings report for 2024 shows an intended total cotton planted area of 10.7 million acres – up 4% from 2023 acres.
USDA has released its March 2024 World Agricultural Supply and Demand Estimates (WASDE) report. Here’s this month’s summary for cotton: This month’s 2023/24 U.S. cotton forecasts show lower production and ending stocks relative to last month. Production is… Read More
The global nonwovens industry lost a veteran recently as C.K. Wong – fondly known as CK to many across the globe in the technical textiles industry – died last week at the age of 86. Using his engineering… Read More
Both old crop May-2024 and new crop December-2024 futures seem to now be going through a possible correction phase over the past two weeks. Movement seems more sideways in a range between mostly 82 and 85 cents for… Read More
It’s not over. The old crop May and July futures contracts will continue to have bullish activity at least through early June. The market will come under pressure if speculators instigate short covering selloffs, but the low 90s… Read More
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