(Bloomberg) -- Cotton in New York rose to a three-
year high on speculation U.S. farmers will grow less fiber after
rains disrupted planting in Texas and a rally in grain prices
offered higher profits from corn and soybeans.
About 11.6 million acres (4.7 million hectares) were
planted with cotton in the U.S. this year, according to the
average estimate of 11 analysts surveyed by Bloomberg. That's
4.5 percent less than the government's March forecast and
24 percent below last year's planted acreage of 15.27 million.
Read more at Bloomberg Commodities News
year high on speculation U.S. farmers will grow less fiber after
rains disrupted planting in Texas and a rally in grain prices
offered higher profits from corn and soybeans.
About 11.6 million acres (4.7 million hectares) were
planted with cotton in the U.S. this year, according to the
average estimate of 11 analysts surveyed by Bloomberg. That's
4.5 percent less than the government's March forecast and
24 percent below last year's planted acreage of 15.27 million.
Read more at Bloomberg Commodities News
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