USDA May Cut Cotton Export Forecast on Weak Demand Near Market Year's End

(Bloomberg) -- The U.S. may export less cotton than
the government forecast a month ago as merchants may not be able
to ship bales sold fast enough before the marketing year ends
July 31, analysts said.

The U.S. Department of Agriculture on June 11 may project
exports of 13.21 million bales for this marketing year, down from
13.25 million forecast in May, according to the average estimate
of nine analysts in a Bloomberg survey. Unsold supplies at the
end of the year may reach 9.65 million bales, up from 9.5 million
projected last month, the analysts said.


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