Indonesian Cotton Consumption Falls, U.S. Remains Top Exporter
Indonesia’s cotton consumption for 2019/20 has declined to a 10-year low of 2.4 million bales due to weaker domestic and overseas demand related to COVID-19.
Cotton
Big Week for Corn, Cotton and Wheat Exports
USDA released their latest Weekly Export Sales report on Friday reveling a big week for U.S. wheat, corn and cotton exports.
Larger Cotton, But Smaller Corn and Soybean Crops
USDA released their monthly Crop Report on Tuesday, providing a late-season glance at the projected size of the corn, cotton and soybean crops.
Smaller U.S. Cotton Crop Faces Challenges Amid Opportunities
Weather issues are weighing heavily on the U.S. cotton crop this year due to recent hurricanes in the Mid-South and expanding drought in West Texas.
China is Top Early Destination for U.S. Cotton
The top destination this marketing year for U.S. cotton is China, according to a recent CoBank quarterly report.
Unlikely University Set to Increase Cotton Fiber Lengths
Thanks to a recent $2.3 million National Science Foundation grant, Purdue University cell biologist Dan Szymanski will lead an effort to increase fiber length for upland-grown cotton.
WTO Raising Awareness and Celebrating World Cotton Day
World Cotton Day provides an opportunity to shine a spotlight on the sector’s importance to the livelihoods of millions of farmers, processors and traders around the world, says WTO Deputy Director-General Alan Wolff.
COVID-19 Continues to Pressure U.S Cotton Exports Abroad
A major global competitor for U.S. cotton producers are preparing to harvest a slightly larger crop this year, according to the Foreign Agriculture Service.
USDA Still Projecting Tough Season for Cotton Industry
USDA lowered their production estimates for the U.S. cotton crop last week by one million bales from the August projection.
India’s Falling Rupee Presents Cotton Industry Unique Challenges
India’s cotton industry is banking on a big year after increasing acreage by 3 percent in 2020.
U.S. Supplies Almost One-Third of Chinese Cotton Imports
Slowly over the last two years, the U.S. cotton industry has increased it share of exports to China.
Low Prices Causing Drop in Brazilian Cotton Plantings
USDA’s Foreign Agriculture Service projects 2021 Brazilian cotton plantings at 3.7 million acres, down 10 percent from the current harvest.
Smaller Crop and Increased Competition Ahead for Cotton
USDA’s Economic Research Service is projecting FY 2021 cotton exports to fall to $5 billion, down $400 million from 2020 due to a shorter domestic crop and increased foreign competition.
Cotton Industry Cautious About Future As Retailers Struggle
The COVID-19 global shutdown has weighed heavily on the cotton and textile industries. As economies begin to reopen there has been some improvement in economic activity, yet consumer spending on apparel has led to a drop in year-over-year demand.
Midwest Crop Conditions Remain Good, Southern Crops Struggling
Plains Cotton Growers is reporting more than 75 percent of the dryland crop on the High Plains has been abandoned, mainly due to drought.
Which Narrative Will Win in Cotton Market Discussion?
While USDA is projecting a 17.5 million bale cotton crop this season, domestically, there’s a tug-of-war between bullish and bearish news that may drive the markets for the remainder of 2020.
Drought Claims Majority of High Plains Dryland Cotton
Most of the Texas High Plains continue to deal with drought, and rows of dryland cotton are telling the story.
Chinese Cotton Purchases Lifting Market Out of Doldrums
China took the headlines in cotton as the standout overseas buyer for the quarter, helping lift cotton prices from the multi-year lows dredged in March and early April.
Corn and Cotton Producers Lead Biotech Seed Charge
(WASHINGTON, DC) In 2018, U.S. farmers planted over 90 percent of corn and cotton acres […]
Markets React Favorably to USDA’s December Estimates
(WASHINGTON, DC) Markets rallied on the heels of USDA’s latest World Agricultural Supply and Demand […]
Cotton Imports Expected to Increase in China and Pakistan
(WASHINGTON, DC) China’s addition of 800,000 metric tons (MT) of cotton import quotas this year […]