Commodity outlooks: Cotton’s cloudy future; soybean exports face decline
Commodity outlooks: Cotton's cloudy future; soybean exports face decline
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American cotton growers are in search of some good news heading into spring planting.
Brazil has surpassed U.S. farmers in exports, while China is boosting production of man-made fibers, making them even more cost-competitive with American cotton, industry experts say.
“Our production is outpacing what demand is,” Abigail Hoelscher, senior market analyst at Texas-based Plains Cotton Cooperative Association, said at USDA’s annual Agricultural Outlook Forum.
She said the cost of producing U.S. c
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