After experiencing multiple pressures in the early stages of sowing, the main cotton-producing areas in the United States have recently entered a relatively stable period. The early droughts, floods and high temperatures have gradually passed, and the rainfall in the past week has been much milder.
According to predictions by U.S. industry insiders, the area in the central and southern regions of the United States will decrease this year. Part of this is due to early floods that led to the loss of production, and early tropical storms did not bring devastating blows. The southeastern region of the United States received timely rainfall, and seedling conditions in Georgia were the best for this period in many years. The western United States is experiencing extreme heat, with no relief in the short term, and water problems are getting worse.
Based on the above situation, the upcoming US cotton sowing area has attracted much attention. It is reported that many grain observers believe that the area of corn and soybeans will increase significantly, and therefore the area of cotton will decrease accordingly. The most important thing at the moment is this year’s harvest area. After the continuous rainfall in Texas, this year’s harvest area will increase significantly. Even if the actual sown area is significantly reduced, the large increase in harvest area and increase in yield will push US cotton production to more than 17 million bales. However, due to the current empty inventory in the cotton supply chain and good export demand, US cotton production should not put pressure on the market if it reaches 17-18 million bales. Even higher production can be digested and absorbed by the market. </p
