Cotton Prices Are Climbing Over Production Concerns
- USDA seen reducing domestic crop amid continued uncertainty
- Higher energy costs are lending support to commodities
A worker harvests cotton at a farm in Lee County, South Carolina.
Photographer: Micah Green/BloombergThis article is for subscribers only.
Cotton futures surged in New York on signs of smaller supplier in top shipper US.
On Wednesday, the US Department of Agriculture may cut its estimate for domestic production by about one half million bales, which would lead to a reduction of stockpiles, a Bloomberg survey showed.