Currencies
Cotton Fluctuates as Markets Weigh Impact of Hurricane Beryl
- Storm to pass through eastern Texas, missing most cotton areas
- Crops, storage in other Southern states could be at risk
A cotton harvest at a farm in Bronwood, Georgia.
Photographer: Dustin Chambers/BloombergThis article is for subscribers only.
Cotton fluctuated as traders monitored the path of Hurricane Beryl, which made landfall in Texas early Monday.
The storm is expected to pass over eastern Texas on Monday — missing the state’s key cotton-growing regions in the northwest — before heading through the Lower Mississippi Valley and Ohio Valley on Tuesday and Wednesday. The biggest risk is potential flooding damage in southeast Texas, but lighter showers in the western part of the state and Arkansas will be beneficial to crops, said Cade Groman of Commodity Weather Group.