The new crop December 2023 contract made the major statement on the week as it broke above 80 cents. Longer-term weather factors will determine if prices can climb above 85 cents. As Dr. O.A. Cleveland notes, time will tell.
A year that started with great promise for cotton has now turned bearish. Here’s why and what it means for 2023.
The National Cotton Council applauds House and Senate appropriations and agriculture leaders for seeing that the FY23 omnibus spending package included essential assistance for the U.S. cotton industry.