Source: MORNING AG CLIPS, 4/12/22

 A lot has happened in recent weeks.  Let’s recap some of the major supply/demand and other market factors:
• USDA’s Prospective Plantings report estimates that farmers intend to plant 12.234 million acres of cotton this year—up 9% from last year.
• The drought conditions in west Texas and Oklahoma continue to worsen and are increasingly a market factor.

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