According to the July 20 USDA Crop Progress report, squaring and boll set numbers are now above the five-year averages for the date, and overall crop condition remains unchanged in the past week.
Cotton prices remained under pressure this past week. But the downtrend was flat, indicating that the market is ready to start curing low prices.
Thirty-six students from 14 countries graduated from the ACSA International Cotton Institute in Memphis on July 15.
Everyone wants to know what has happened to the cotton market and why? Unfortunately, says Don Shurley, there are no easy answers.
A review of some of the top cotton industry stories impacting the global market.
According to the July 13 USDA Crop Progress report, the 2014 cotton crop is fruiting quickly and is now right in line with the five-year averages for this date.
With December futures, a drop to 65 cents is all but certain. But this week’s export sales report indicates a major sales increase in the face of declining prices. And, the sales report for next week should be just as strong.
In its recent world report, ICAC projects that increases in global cotton stocks and uncertainty surrounding Chinese cotton imports will help keep prices in check.
To promote cotton usage in India, Cotton Council International is urging consumers to “Check the Label” in a new Bollywood-style video campaign.
The July 6 Crop Progress report shows that 2014 cotton acres are running slightly behind last year in terms of squaring and boll set, but are in far better condition at this time than the 2013 crop.