Texas cotton farmers whose fields survived inhospitable weather conditions early in the season are hoping for a market rally, but a Texas A&M AgriLife Extension Service expert said price speculation at this point is risky.
Dr. John Robinson, AgriLife Extension economist, College Station, said cotton acreage is down due to weather delays or unfavorable conditions for the crop’s emergence in many parts of the state. But it still is unclear, from a market perspective, how a reduction of cotton acres will affect prices long-term.
Other cotton producing states experienced similar weather conditions that reduced crop acreage, he said.
Late-planted cotton struggled to survive ...