By Mary Hightower
U of A System Division of Agriculture
U.S. cotton growers pressed by drought are expected to abandon almost a third of planted acres against a backdrop of collapsing prices that are causing a bit of head scratching, Scott Stiles, extension economist for the University of Arkansas System Division of Agriculture, said on Wednesday.
On Tuesday, the U.S. Department of Agriculture released its monthly supply/demand projections, with significant adjustments to the cotton balance sheet.