USDA’s May WASDE report shows lower domestic and world production, higher ending stocks and moderate growth in mill use as the industry begins a slow recovery from historic losses in cotton consumption.
Dr. O.A. Cleveland points out that the current cotton market appears to be afraid to go down…but is not willing to go up.
Join the Ag Market Network’s monthly Cotton Market Roundtable on Wednesday, May 13 at 7:30 am CDT.