(Bloomberg) -- Cotton futures rose for a fifth-
straight session as wet soil in Texas, the biggest U.S. grower,
and drought in Georgia and Alabama delayed plantings.
U.S. planting is behind last year's rate, the U.S.
Agriculture Department reported May 14. Western Texas needs
warmer soil and drier conditions for large-scale planting to
pick up, said Meteorlogix LLC, a weather forecaster in Woburn,
Massachusetts.
Read more at Bloomberg Commodities News
straight session as wet soil in Texas, the biggest U.S. grower,
and drought in Georgia and Alabama delayed plantings.
U.S. planting is behind last year's rate, the U.S.
Agriculture Department reported May 14. Western Texas needs
warmer soil and drier conditions for large-scale planting to
pick up, said Meteorlogix LLC, a weather forecaster in Woburn,
Massachusetts.
Read more at Bloomberg Commodities News
No comments:
Post a Comment