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Staplcotn CEO Hank Reichle expects U.S. cotton acreage to fall in 2021 as some growers switch to corn and soybeans. He remains bullish on prices, citing a U.S. stocks-to-use ratio of 26.1% versus 41% in 2019.
Lower acreage and tight stocks support cotton prices, but weak demand from the pandemic and competition from manmade fibers limit the upside.
farmprogress.comJohn HartJan 25, 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.
