USDA’s first WASDE report for 2023 continues to show reduced global cotton consumption and trade, lower world production, and higher U.S. production and ending stocks.
The bounce in December cotton prices came despite early grower planting intentions soaring to 11.6 million acres and continued slow demand.
As 2022 ends, Dr. O.A. Cleveland reviews the bullish and bearish factors weighing on the cotton market for 2023.