Staplcotn CEO Generally Bullish On 2021 Cotton
By John Hart, Southeast Farm Press
The president and CEO of Staplcotn expects cotton acreage to be down in the United States in 2021 due to the challenges of harvesting the 2020 crop and a move to alternative crops.
Still, Hank Reichle is generally bullish on the cotton outlook with low supply chain inventories and a tightening U.S. balance sheet helping prices. On the bearish side, the pandemic is hampering demand, and cotton still faces tough competition from cheaper manmade fibers.