USDA’s June 2024 WASDE report for cotton shows higher beginning and ending stocks compared to last month for both the U.S. and globally.
New crop December cotton will trade with July for another week before it can fully look to weather scenarios. However, the old issue of demand will continue to sit as a lead cap on December futures.
Tune in to the Ag Market Network’s June 2024 Cotton Market Roundtable on Wednesday, June 12 at 1:30 pm CDST.