USDA’s March 2023 WASDE report again shows no changes for the U.S. cotton market, while the global forecasts call for lower consumption and trade, but higher production and ending stocks.
Despite some brisk inquiries about cotton for the week, the recently established near term price resistance at 85 cents capped any attempt for a price rally.
The Ag Market Network’s monthly Cotton Market Roundtable is set for Wednesday, Mar. 8 at 1:30 pm CST.