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The National Cotton Council expects a recovery in world cotton demand as the US and global economies rebound from the pandemic. It projects 2021 US cotton acreage at 11.5 million acres, up 5.2%.
Stronger cotton demand and modestly higher acreage support cotton prices, but cottonseed meal supply for feed rises only marginally with the crop.
textileworld.comJim BornemanFeb 16, 2021Not 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.
