Weather will be key influence on cotton prices near-term

Cotton will be a weather market near-term, affecting prices up or down, says Mississippi cotton analyst O.A. Cleveland, Jr.

Mother Nature will be the dominant influence on where cotton prices go in the immediate future, says Dr. O.A. Cleveland, Jr., but U.S. cotton is in strong demand and exports are high, all of which could lead to “some very good basis for the December contract.”

But, he says, changes in fashion marketing, resulting in items going from concept to retail in just a few weeks, has resulted in greater use of polyester, a trend that “has bitten cotton in the behind.”

Cleveland, a veteran cotton analyst and Extension economics professor emeritus at Mississippi State University, spoke at the joint annual meeting of the Mississippi Boll Weevil Management Corporation and the Mississippi Farm Bureau Federation Cotton Policy Committee.

TAGS: Marketing
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