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The key word in USDA’s December 2023 WASDE report for cotton is lower – lower production, mill use, ending stocks, consumption and trade for the U.S. and globally.
USDA’s November 2023 WASDE report for cotton shows higher production and stocks for the U.S. and global markets, offset by lower consumption numbers.
The USDA Crop Progress report for the week ending Oct. 22 shows that 41% of the U.S. crop has now been harvested.