⛏Cotton Futures
COTTON
▲ PositiveSupplyrelevance
USDA cut production and ending stocks, supporting cotton futures.
Impact on assets 1
Others
USDA Raises Cotton Acreage, Trims Yield and Production
2▲1 ▼0Impact / 5
The USDA raised its cotton acreage estimate by 0.62 million acres to 10.47 million, while trimming yield by 74 pounds per acre to 798 pounds and cutting production by 90,000 bales to 13.61 million bales. New crop ending stocks were lowered by 100,000 bales to 4 million, while old crop stocks were unchanged at 4.2 million bales. Cotton futures were mostly higher on Wednesday, with contracts up 8 to 48 points, though December slipped a tick. The Cotlook A Index fell 50 points to 94.45 cents, and ICE certified cotton stocks dropped 1,772 bales to 80,714 bales.
USDA cut production and ending stocks, supporting cotton futures.