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.
USDA released their latest Weekly Export Sales report on Friday reveling a big week for U.S. wheat, corn and cotton exports.
USDA released their monthly Crop Report on Tuesday, providing a late-season glance at the projected size of the corn, cotton and soybean crops.
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.
The top destination this marketing year for U.S. cotton is China, according to a recent CoBank quarterly report.
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.
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.
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 lowered their production estimates for the U.S. cotton crop last week by one million bales from the August projection.
India’s cotton industry is banking on a big year after increasing acreage by 3 percent in 2020.
Slowly over the last two years, the U.S. cotton industry has increased it share of exports to China.
USDA’s Foreign Agriculture Service projects 2021 Brazilian cotton plantings at 3.7 million acres, down 10 percent from the current harvest.
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.
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.
Plains Cotton Growers is reporting more than 75 percent of the dryland crop on the High Plains has been abandoned, mainly due to drought.
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.
Most of the Texas High Plains continue to deal with drought, and rows of dryland cotton are telling the story.
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.
(WASHINGTON, DC) In 2018, U.S. farmers planted over 90 percent of corn and cotton acres with genetically engineered (GE) seeds. These GE seeds can be herbicide tolerant (HT), insect resistant … Read More
(WASHINGTON, DC) Markets rallied on the heels of USDA’s latest World Agricultural Supply and Demand Estimates (WASDE) released on Friday. Farm prices are projected higher for corn and cotton, while … Read More
(WASHINGTON, DC) China’s addition of 800,000 metric tons (MT) of cotton import quotas this year is expected to push imports up to 1.5 million metric tons (MMT) in marketing year … Read More