Monthly Economic Letter: December 2023
December 12, 2023
Cotton benchmarks were flat or slightly lower over the past month.
Read MoreMonthly Economic Letter: September 2023
September 13, 2023
Cotton benchmarks moved higher and then lower over the past month. Current values for most prices are near those posted one month ago.
Read MoreMonthly Economic Letter: August 2023
August 15, 2023
The NY/ICE December contract pushed through resistance near 82 cents/lb around the middle of July. With the USDAS’s reduction to its U.S. production forecast, December prices climbed to levels near 90 cents/lb.
Read MoreMonthly Economic Letter: July 2023
July 17, 2023
Over the past month, the NY/ICE December contract continued to trade sideways within the range between 77 and 85 cents/lb that has contained values since late November 2022. There was a test of the lower end of that range (closing prices dropped to 77.9 cents/lb on June 26th, which was the lowest level since December 2022)
Read MoreMonthly Economic Letter: June 2023
June 13, 2023
After three years of drought, significant rainfall finally arrived in West Texas. In certain areas, precipitation was heavy enough to cause flooding. While flooding may have a detrimental impact on some farm operations, the arrival of rain has already caused projections for abandonment to decrease.
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