USA: 2018 crop smaller than anticipated. bullish ↑BREAKING NEWS USA 

Farmers are expecting that total crop will be slightly smaller compared to latest USDA estimate. Total crop should end up at maximum 2.6 million or lower. The quality outcome of the remaining to harvest might be challenging due to the wet and cold weather. For now this will be sufficient. But in case planting intentions for the new crop are moderated by higher cotton prices, we will see a higher market as from second half next year, or earlier depending of the quality outcome of this current crop.