Much of the U.S. crop remains 2-3 weeks behind normal but appears to be catching up. But the entire Cotton Belt needs a late fall if the crop is to develop its full potential.
Cotton’s path seems on more solid footing in recent weeks. But there are bearish undertones that could eventually take prices to nearer the support level.
Despite reduced cotton acreage projections, July’s WASDE report anticipates higher production, consumption and ending stocks for the U.S. and the world.
