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Most benchmark prices decreased over the past month. The nearby May NY futures contract fell from levels near 70 cents/lb. in early February to those near 61 cents/lb. most recently.

Spread of the coronavirus has dominated headlines and mindsets of financial traders. Fear of outbreaks outside China pulled U.S. stock indexes off record levels with the steepest declines since the financial crisis.

The trade dispute has been a major source of uncertainty for supply chains for the past couple of years. Since September 2019, the U.S. has maintained tariff increases on Chinese apparel. On February 27, 2020, CottonWorks™ hosted a webinar on...

Most benchmark prices decreased over the past month. The nearby March NY futures contract fell from 71 to 68 cents/lb. Open interest is migrating out of March and into the May contract.

The Bureau of Economic Analysis estimates that the U.S. economy grew 2.3% in 2019. Forecasts suggest that growth could slow a little in 2020, with many projections falling between 1.9% and 2.1%.