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Dr. Don Shurley's review of the May USDA WASDE report shows the 2021 US cotton crop cut by 100,000 bales and the first 2022 crop projected at 16.5 million bales, down about 1 million. World 2021 supply was reduced by just over 1 million bales, and drought in Texas and Oklahoma is worsening.
Lower US and world cotton supplies and continued Texas and Oklahoma drought tighten the cotton complex, which supports cottonseed and cottonseed meal values for feed buyers.
cottongrower.comDr. Don ShurleyMay 16, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
