USDA’s World Agricultural Supply and Demand Estimates for August show forecasted increases in production, exports and ending stocks for U.S. cotton.
Cotton prices attempted to consolidate a bit this week in the face of weather problems around the globe, as well as Chinese mills seeking imports of high grade cotton.
What will it take for prices to find a level of support low enough that the market sentiment will finally say “enough” and turn the outlook more bullish than bearish?