In a few days before there could be a rally in cotton prices, farmers from Texas can expect prices of the commodity to range between 65 cents and 78 cents over the next few months, according to a Texas A&M AgriLife Extension Service cotton economist at College Station.
Overall, there is a weak demand. Over the last 30 days, Texas cotton crop has been hit hard with excessive hot, dry weather. Harvest projections for Texas are 7 million bales on the higher side. The low side would be the five-year average for Texas excluding the 2011 result of about 5.5 million bales. Blacklands region has a few areas that could surprise a lot of folks once harvest activities begin in another month. Harvest activity in South Central Texas will begin in another 30 days or so. Timely rains will help boost yields leading to harvest.
