Cotton Falls From Three-Year High as U.S. Exports May Be Short of Forecast

(Bloomberg) -- Cotton fell from a three-year high
in New York after U.S. weekly exports declined 15 percent,
indicating that shipments may fall short of the Department of
Agriculture's forecast.

Exports of upland cotton in the week ended June 21 fell to
373,539 bales, according to the USDA. The department has
forecast exports of 13 million bales for the marketing year,
leaving 9.8 million unsold by July 31, the most in 40 years.


Read more at Bloomberg Commodities News