Cotton prices surged higher – a welcome relief not seen in recent weeks. But, says Dr. O.A. Cleveland, economics says this market will only tease the cotton bull. The bears will remain in control.
Depending on your geography, field work for multiple crops is either underway or ready to start in earnest. […]
USDA’s Prospective Plantings report for 2023 shows a total cotton planted area of 11.3 million acres – down 18% from 2022 acres.