# Cleveland: Does the Cotton Market Need the 2020 Crop? - Cotton Grower

> O.A. Cleveland's weekly analysis says cotton prices eased toward 62 cents with December futures settling at 61.94 cents. He argues the world already holds a full year's usage in stocks, and that a likely U.S. crop 3-4 million bales below average is not enough to offset carryover.

- Date: 2020-07-20 · published 2020-07-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52222-cleveland-does-the-cotton-market-need-the-2020-crop-cotton-grower
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

Large world carryover stocks outweigh a smaller U.S. crop, keeping cotton bearish, which weighs on cottonseed meal supply economics.

## Read by commodity

- CSM: bearish ▼

## Sources

- cottongrower.com: https://www.cottongrower.com/market-analysis/cleveland-does-the-cotton-market-need-the-2020-crop/

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