Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Austin Schroeder

SHOCKING: Cotton rallies as usda production cut | Mind Blowing Facts

Cotton futures were in rally mode on Tuesday, as USDA played a supportive role. Contracts were up 161 to 178 points at the close. The US dollar index was back down $0.466 to $97.895, as crude oil futures were down 86 cents.

USDA showed a total of 840,000 planted acres and 1.3 million harvested acres cut from cotton this morning with yield up 53 lbs to 862 lbs/ac. Production was still trimmed by 1.39 million bales to 13.21 million bales. That mixed with a 100,000 bale cut to old crop stocks to 4 million bales, helped to tighten the new crop stocks. That was down 1 million bales to 3.6 million with a 500,000 bale cut to exports.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.