According to Dr. O.A. Cleveland, the principal fundamental supporting cotton prices at the current level is the uncertainty of the U.S. crop.
Dr. O.A. Cleveland says cotton prices are likely to remain range bound, but solid production and higher yields look promising for this season. He adds a shout out, too, to the National Cotton Council for getting enhanced cotton benefits into the One Big Beautiful Bill.
“Higher” is the operative word for USDA’s WASDE cotton report for July, following increased acreage projections for the U.S. and globally.