USDA’s January 2024 WASDE report shows lower production, exports, and ending stocks for U.S. cotton, with higher ending stocks, higher production and lower consumption for other cotton-producing countries.
Cotton trading is changing this marketing year. Just don’t ask how, why, or when. We’ll figure it out together.
The final week of 2023 saw higher cotton prices each day – a very unusual trading pattern, and “unusual” can typically be associated with bullish news.