After soaring in 2022, cotton prices could unravel this year
JONESBORO, Ark. (KAIT) - Arkansas cotton farmers reaped big bucks last year; but that might not be the case this year.
Scott Stiles, extension economist for the University of Arkansas System Division of Agriculture, told our content partner, Talk Business & Politics, that 2022 saw “historically strong prices, but also historically volatile price swings.”
In mid-May, December cotton futures traded at a high of $1.3379, which led to an increase in acres planted.
However, looking to 2023, Stiles warns that acreage could decline, along with prices.
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