USDA estimates of U.S. cotton exports have risen slightly from August, a result of decreased foreign competition from India.
In USDA’s Sept. 11 World Supply and Demand Estimate, U.S. ending stocks are estimated at 5.6 million bales, unchanged from last month.
The forecast range for the marketing-year average price received by producers is 49 to 59 cents per pound.
World cotton production was reduced slightly due primarily to problems with the crop in India. World consumption is forecast at 112.7 million bales, while forecast world ending stocks were reduced 2 percent.