USDA’s latest estimate for the 2020 U.S. cotton crop is down 11 percent from last year.
Dr. Jody Campiche with the National Cotton Council says that conditions across the belt have improved over the past week. 44 percent of the U.S. crop was rated as good to excellent and, overall, 18 percent of the crop are sitting bulbs, just under the five-year average. In the south, cotton yield potential is in line with recent averages; however, the poor planting conditions and delayed crop development in the west has reduced crop expectations. The USDA is projecting 15 million bales of exports for 2020.
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