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‘Horrible’ Texas Cotton Conditions Worsen Global Supply Outlook

  • Supply threats in US, Brazil, Australia leading to deficit
  • Texas accounts for more than half of US cotton output
Operations During A Cotton Harvest As Futures Fall
Photographer: Sergio Flores/Bloomberg

The outlook for cotton production in Texas, the nation’s largest producer, took a turn for the worse in a fresh blow to global supplies of the fiber.

Only 11% of Texas crops were rated good-to-excellent in the week to Aug. 21, down from 14% a week earlier, matching the lowest since 2011, Department of Agriculture data showed. The portion of plants in poor-to-very poor conditions increased to 59% from 50% a week earlier.