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.
BREAKING NEWS USADecember 3, 2018
USA: 2018 crop smaller than anticipated. bullish ↑BREAKING NEWS USA
USA: FSA planted acres report, 24,3 per cent down from last year. mixed ↔BREAKING NEWS USA
August 13, 2018