Economics

U.S. Cotton Production Expected to Reach Highest in 14 Years

Analysts on average forecast 21.8 million bales in 2019-2020
Cotton may attract acres due to prices, wet weather: Texas A&M

1473864931_231328303 — Photographer: Ty Wright/Bloomberg

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By Shruti Singh and Dominic Carey

May 7, 2019 at 8:48 PM UTC

Updated on

May 8, 2019 at 4:00 AM UTC

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U.S. cotton output may swing back to the highest since 2005.

The 2019-2020 U.S. crop will expand to 21.8 million bales from 18.4 million the previous season, according to the average estimate among analysts surveyed by Bloomberg ahead of the U.S. World Agricultural Supply and Demand Estimates report. The USDA is scheduled to release the report Friday at noon in Washington. A bale weighs 480 pounds (218 kilograms).