(Bloomberg) -- Cotton rose in New York as dry
weather in the southern U.S. threatens newly planted fields and
farmers reduce plantings in favor of more profitable crops.
The U.S. Department of Agriculture, which last month
forecast a cotton crop of 18.8 million bales, may cut its
estimate to 18.5 million next week, said Ron Lawson, chief
executive officer of Sonoma, California-based Steadfast Futures
& Options Inc. The crop may be as small as 17 million bales by
the time the harvest starts in September, he said.
Read more at Bloomberg Commodities News
weather in the southern U.S. threatens newly planted fields and
farmers reduce plantings in favor of more profitable crops.
The U.S. Department of Agriculture, which last month
forecast a cotton crop of 18.8 million bales, may cut its
estimate to 18.5 million next week, said Ron Lawson, chief
executive officer of Sonoma, California-based Steadfast Futures
& Options Inc. The crop may be as small as 17 million bales by
the time the harvest starts in September, he said.
Read more at Bloomberg Commodities News
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