Cotton Newsline: August 15, 2012

Cotton output in the United States, the world’s biggest exporter, will be 3.8 percent higher than forecast last month as the crop in Texas rebounds according to the recent USDA August crop report.

Cotton output in the United States, the world's biggest exporter, will be 3.8 percent higher than forecast last month as the crop in Texas rebounds according to the recent USDA August crop report.  The USDA estimated a U.S. crop of 17.65 million bales, up 651 thousand bales. Gary Adams, Vice President of Economics and Policy Analysis for the National Cotton Council, provides the details of the recent report.
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