From Bloomberg: Cotton futures fell the most in more than two weeks after a report showed overseas buyers scrapped orders for supplies from the U.S., the world’s biggest exporter. Orange juice rose.
In the week ended Aug. 18, canceled orders for upland cotton exceeded sales by 230,308 bales for the current crop year, the U.S. Department of Agriculture said today. A bale weighs 480 pounds (218 kilograms). That’s the ninth time in 10 weeks that there were more canceled orders than sales.
