USDA’s October 2024 WASDE report for cotton shows lower U.S. numbers based on losses from Hurricane Helene, while the global balance sheet shows slight production increases and lower ending stocks.
Despite the Southeast hurricane, the cotton market acts as if it desperately wants prices to stay in the low 70s for now.
The Ag Market Network’s monthly Cotton Market Roundtable is set for Friday, Oct. 11, at 1:30 pm Central.