Drought slashes U.S. cotton outlook

Amid drought in the U.S. West, growers will abandon three of every 10 acres of cotton they planted this spring, estimated the Agriculture Department. In its monthly WASDE report, the USDA projected a cotton crop of 15.5 million bales, down 1 million bales from its projection in early June and well below the 10-year average… » Read More

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