Episode 99 - Global Cotton Mill Use at a Six-Year High

Hunter Biram and Ryan Loy dig into why global cotton mill use is projected to reach its highest level since the 2017/18 marketing year, the fourth consecutive year of growth. They explain how the gain is concentrated in China, India, and Pakistan, which together account for nearly 75 percent of this year's increase, and why demand happening thousands of miles away shows up in the price an Arkansas producer sees. Ryan unpacks how rising crude oil prices have made cotton more competitive with polyester, and how tighter supply is pushing world ending stocks to their lowest point since 2018/19. They close on what stronger demand and a projected 73-cent season-average price could mean for cotton growers heading into the new marketing year.