Dr. O.A. Cleveland says the cotton market remains stuck in the mud and going nowhere fast.
USDA’s July 2023 WASDE report for cotton shows lower export projections for the U.S., higher beginning and ending stocks around the world, and an anticipated 550,000-bale decrease in global consumption.
This week’s USDA Crop Progress report shows squaring in more than half of the U.S. cotton crop, positive progress in boll set, and some slippage in the overall crop condition.