Heavy Lifting - thoughts and web finds by an economist
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Monday, August 13, 2007
From Southeast FARM Press:
USDA's Aug. 10 crop production report is projecting a U.S. corn crop of 13.1 billion bushels, a 3-million bushel increase over last month’s projection and the largest corn crop since 1933. USDA also lowered its estimate from last month for the 2007 cotton crop by 200,000 bales.
I would expect that kind of supply shock to have a significant effect on the price of cotton. I wonder if that has been measured.
http://www.marketwatch.com/news/story/farmers-opt-corn-cotton-climb/story.aspx?guid=%7BD90982BC-9640-4953-8C19-C0BAB9047F0D%7DPost a Comment
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