Source:  FARM PROGRESS, 7/26/21


The July WASDE report tightened up the U.S. cotton supply and demand picture just a little more. Their adjustments to the 2021 U.S. crop included some offsetting adjustments to production. First, they updated the planted acreage number, using the 11.72 million planted acres result from the June 30 Acreage report.  Then USDA made a rather large adjustment, dropping their previously assumed 20% abandonment forecast to an historically low 10% U.S. abandonment.

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