This week’s Cotton Newsline is 4 cuts. All cuts are Dr. Gary Adams, Vice-President of Economics and Policy Analysis for the National Cotton Council.
Suggested introduction cut 1:
There are many factors that continue to affect the cotton market. The grain and oilseed market is one of those factors as many US producers have shifted out of cotton and into corn and soybeans. Dr. Gary Adams, Vice-President of Economic and Policy Analysis for the National Cotton Council says we’re starting to see some indications that other countries are also moving out of cotton and into other crops.
Suggested introduction cut 2:
Adams says one concern we have is the demand for cotton and the overall economy.
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Adams says one factor that needs to continue to be monitored is the futures markets.
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According to Adams when we look at the world supply and demand, there may be some upward pressure on cotton prices in the future.