Morning Coffee and Ag Markets

← Morning Coffee and Ag Markets10 aug · 19 min

Episode 99 - Global Cotton Mill Use at a Six-Year High

Episode 99 - Global Cotton Mill Use at a Six-Year High10 aug19 min

Hunter Biram and Ryan Loy dig into why global cotton mill use is projected to reach its highest level since the 2017/18 marketing year, the fourth consecutive year of growth. They explain how the gain is concentrated in China, India, and Pakistan, which together account for nearly 75 percent of this year's increase, and why demand happening thousands of miles away shows up in the price an Arkansas producer sees. Ryan unpacks how rising crude oil prices have made cotton more competitive with p...