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Cotton Touches Decade High After U.S. Cuts Domestic Crop Outlook

Mark White by Mark White
January 12, 2022
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Cotton futures jumped to the highest in more than 10 years after the U.S. government cut its outlook for domestic production more than analysts expected.

The Department of Agriculture  on Wednesday trimmed its estimate for U.S. output to 17.62 million bales, mostly because of yield revisions for Texas, the top-producing state. That compares with 18.28 million bales the USDA estimated in December, and 18.24 million projected by analysts in a Bloomberg survey. The agency noted shipping disruptions affecting world trade. 

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Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

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