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Cotton price has dropped 10 cents in the last two weeks and 15 cents over the last month, primarily due to concerns over demand and U.S. exports.
Cotton seems to be back in the 84-to-89-cent price range. Growers should be patient for another run, but the outlook is cautious.
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.