The US Department of Agriculture has forecast global cotton production for next season at just a tick under 122 million bales.
The USDA just reported that US cotton exports in the 2017-18 season (August-July) are estimated at the highest level since 2005-06 and the second highest level on record.
Brett Corish, Mundine, Goondiwindi, was awarded the prestigious Monsanto Cotton Grower of the Year award for 2018 at the Australian Cotton Industry Awards on Thursday night.
Exceptional, although volatile, market conditions are contributing to a “trifecta” for the cotton sector this season – in terms of quality, quantity and price.
Sorghum at $400/t or cotton at four year highs? It could be a tough, but pleasant choice facing Aussie summer croppers come planting time.