What many considered a very bearish August Supply/Demand Report has been digested by market forces and determined to be market neutral. Most likely, the 62 cent price floor has developed enough depth to protect the price from sliding any lower.
The National Cotton Council applauded the announcement that the Stacked Income Protection Plan – or STAX – will be available to upland cotton producers in 2015 through the federal crop insurance program.
The August USDA crop production and supply/demand numbers are best described as a mixed bag. Increases in U.S. exports and World Use are good news, as is the fact that ending stocks didn’t increase.
