Higher Cotton Production Expected; Prices Slowly Moving Up: The Cotton Advisory Board (CAB)’s estimate of India’s 2017/18 cotton production is 37.7 million bales (170 kg each), up 9.27 percent from 34.5 million bales in 2016/17.It is projected to be down in states that include Maharashtra, Gujarat, Telangana, Karnataka and Madhya Pradesh while higher in Rajasthan and Punjab. Pest attacks, especially pink ballworm, are expected to cause the production drop in Maharashtra and Gujarat. The overall area under cotton in 2017 was 12.2 mill hac, up 12.96 percent from last year’s 10.8 mill hac. Meanwhile, domestic consumption in India is expected at 28.8 million bales.
Prices were moving lower at the start of the harvest, but...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Argentina Wheat Signs of El Niño are beginning to emerge across Argentina, with rainfall recorded across several key agricultural regions this week. The Core region's wheat crop has benefited particularly from these rains, alleviating previous moisture deficits and providing a firmer flo...
