Related Keywords: Cotton futures, cotton growing in USA, cotton prices, cotton sowing in texas, US Department of Agriculture
As precipitation improved over the last five days across Texas, the country's biggest cotton producing state, the prospect of improved supplies heightened showed the US government data. The data released after market close on 27 May reinforced expectations that fibre availability will improve in the coming season beginning 1 August. However, the release of the report led to cotton futures falling to a four-month low on 28 May.
