U.S. Cotton-Crop Estimate Reduced 1.1% by USDA on Lower Yields
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The cotton crop in the U.S., the world’s largest exporter, will be 1.1 percent smaller than forecast last month because of lower yields, the government said.
Production may total 17.26 million bales, down from 17.45 million projected in November, the U.S. Department of Agriculture said today in a report. The average estimate of eight analysts in a Bloomberg News survey was 17.55 million. The previous crop totaled 15.57 million bales, each weighing 480 pounds, or 218 kilograms.