RECENT PRICE MOVEMENT Movement in cotton benchmarks was mixed over the past month. SUPPLY, DEMAND, & TRADE The latest USDA report featured decreases to forecasts for global production (-332,000 bales to 115.4 million) and mill-use (-846,000 bales to 110.9 million) in the 2022/23 crop year. Revisions to historical figures lowered beginning stocks (-148,000 bales to …
