August WASDE Bearish on Cotton
On August 10, the U.S. Department of Agriculture (USDA) released an updated World Agricultural Supply and Demand Estimate (WASDE) report. The report, which estimates supply and demand for each major commodity offered particularly bearish information related to cotton, while maintaining little changes for most other major commodities. For cotton, increased estimates and stocks along with increased production estimates lead to downward price pressures for cotton.
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