China Purchases Help Lift U.S. Cotton Sales to Highest in a Year
This article is for subscribers only.
American cotton growers just had their best export sales week in a year, thanks partly to China making good on its commitments under the phase-one trade accord with the U.S.
In data that may help allay fears of demand destruction caused by the coronavirus outbreak, the U.S. Department of Agriculture reported export sales of upland cotton jumped to about 396,000 bales in the week ended Feb. 27. That’s up 84% from a week earlier.