# Cotton Prices Go Limit Up Following August USDA Reports

Author: Jim Steadman
Published: 2015-08-13
Canonical URL: https://www.cottongrower.com/cotton-news/cotton-prices-go-limit-up-following-august-usda-reports/

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The roller coaster ride continues.

Hours after USDA released its recent production and world/supply demand reports on August 12, cotton prices jumped from their lowest point in years (61.20 cents/lb) to go limit up to 64.82 cents per pound.

The reports downgraded total U.S. acres for 2015 to 8.9 million and lowered the production forecast to 13.08 million bales – a drop of nearly 20 percent. Anticipated harvested acres also decreased, as did expected average yield.

Production estimates were also down for both China and India.

**[Click here for more details from AgriMoney.com.](http://www.agrimoney.com/news/cotton-futures-soar-limit-up-as-us-slashes-harvest-hopes--8685.html)**