By O.A. Cleveland
Consulting Economist, Cotton Expert
Ag Fax
Many thought USDA’s August estimate of the U.S. crop might be a scene from a “wild wild west shoot-‘em-up,” but everyone was bowled over, nonetheless. So much for the market not pushing above 93 cents until the September supply demand report! USDA’s August estimate was what I had expected the September report to look like. Kudos to USDA for biting the bullet.