[ad_1]
Information
USDA raises new crop rice shares, lowers cotton
The USDA elevated the brand new crop home ending shares projection for rice, whereas slicing the outlook for cotton.
New crop rice shares are anticipated to be 35.5 million hundredweight, up 1.three million from June with lowered estimates for manufacturing and exports canceling out greater import and home use projections.
Outdated crop rice ending shares had been above a month in the past with greater imports and decrease exports.
New crop cotton shares are pegged at 2.four million bales, 500,000 lower than final month following declines for manufacturing and exports.
There have been no adjustments to the outdated crop stability sheet for U.S. cotton.
The brand new advertising and marketing yr for cotton and rice begins August 1st, whereas the subsequent set of provide, demand, and manufacturing numbers is out August 12th.
[ad_2]
Supply hyperlink