# Shurley: USDA’s May Report Shifts Market Focus Toward Supply - Cotton Grower

> 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.

- Date: 2022-05-16 · published 2022-05-16T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/41538-shurley-usda-s-may-report-shifts-market-focus-toward-supply-cotton-grower
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

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.

## Read by commodity

- CSM: bullish ▲

## Sources

- cottongrower.com: https://www.cottongrower.com/market-analysis/shurley-usdas-may-report-shifts-market-focus-toward-supply/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.