AFB Cotton Close: First Week of Sharp Losses Since Feb.
Cotton prices closed the week with sharp losses for the first time since February. Last Fridays USDA report showed lower exports and a sharp increase in 2014/15 stocks. With so much uncertainty surrounding demand for the 2014/15 crop look for cotton prices to have difficulty maintaining another run at the 85-cent level.
By Emily Unglesbee DTN Staff Reporter USDA boosted corn acres above pre-report expectations to 94.15 million acres, up 7% from last year. Soybean acres also rose to 83.69 million acres,