Price support in the expiring March contract and the new crop December contract at appear very firm, as the pace of export shipments continue to lag.
The National Cotton Council’s Annual Early Season Planting Intentions Survey shows that U.S. cotton producers intend to plant 12.0 million cotton acres in 2022 – up 7.3% from 2021.
Ted Schneider, a cotton producer from Lake Providence, LA, was elected National Cotton Council chairman for 2022.