Multiple Factors Affect Clear Vision
On the subject of continued economic recovery, Dr. John Robinson, Extension economist-cotton marketing with the Texas AgriLife Extension Service, says although he cannot give a definite percentage or weight to the topic, he does say that reported economic recovery is an important factor here (in the United States) and will continue to be an important factor in 2010.
Robinson also notes that he is hearing there are signs of recovering demand for quality cotton in China, following adverse weather conditions that occurred during its harvest season. Even if the bad weather didn't reduce China's actual yield, it probably affected the grade enough that they would be more interested in importing cotton to fill that shortfall.
A weak dollar also should create demand for U.S. cotton overseas, so that's another positive factor to consider, he adds.
source : cottonfarming
On the subject of continued economic recovery, Dr. John Robinson, Extension economist-cotton marketing with the Texas AgriLife Extension Service, says although he cannot give a definite percentage or weight to the topic, he does say that reported economic recovery is an important factor here (in the United States) and will continue to be an important factor in 2010.
Robinson also notes that he is hearing there are signs of recovering demand for quality cotton in China, following adverse weather conditions that occurred during its harvest season. Even if the bad weather didn't reduce China's actual yield, it probably affected the grade enough that they would be more interested in importing cotton to fill that shortfall.
A weak dollar also should create demand for U.S. cotton overseas, so that's another positive factor to consider, he adds.
source : cottonfarming
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