USDA’s June world supply demand report provided few changes to the world’s current cotton situation and outlook. And although much of the Southwest received good moisture, another “million dollar” rain is needed to save the crop.
USDA’s WASDE report for June 2022 shows little change to the U.S. crop as well as lower global consumption.
The Ag Market Network’s June Cotton Market Roundtable is set for Friday, June 10 at 1:30 pm CST.