Wednesday, July 02, 2008

Cotton Acreage Hits Lowest Level in 25 Years

Farmers continue to shift acreage to corn and soybeans.

One industry executive estimates cotton would need to top $1/pound for it to be cost competitive with corn and soybeans.

So we can do the math - either cotton is going higher, or corn and soybeans are heading lower, but something has to give.

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