The cotton market continues to trade in a price equilibrium cavity of 82-90 cents. But without demand, a bullish market cannot exist. There is no buying to push prices higher.
Georgia Extension Cotton Specialist Camp Hand joins the podcast to talk about the status of cotton production in the state and how it’s fared this season through excessive heat, a hurricane, and ongoing issues with a four-legged pest.
September’s USDA production and supply and demand numbers provide reasons for cotton prices to increase – but also provide reasons to be cautious about it doing so.