Cotton supply fears loom over 1972 farm policy decisions
A plains agriculture analysis warns that production may exceed demand by about 1.5 million bales, stressing a critically low carryover of 3.3 million bales and a weak quality balance. It argues that stable, long‑range plans and government support are needed to avoid price spikes and repeated supply squeezes while preparing for 1974 cotton programs. The piece notes oversupply risk in low‑grade stocks and recent export declines, plus a corrected Texas field day date.
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High Plains
New York
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New York Silown Saat
Cotton Exchange
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Patton Esata
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Morar Sea
Texas
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Deep South
Rane Rae
North Carolina
Tennessee
Assesirn
York
Point Tataree
Investing Companies. Market Report on Commodity Prices
Commodity prices faced selling pressure with no sustained buying. Wheat advanced, corn and oats declined amid weather influence. September figures show wheat up 1.85 percent, corn down, oats lower. Soybeans also slipped.
Wheat climbs on demand as soybeans sag
Chicago futures show wheat rising about 3 cents as strong demand and short covering push prices higher on the board. Soybeans drop roughly 14 cents, meal down, corn and oats lower, while oil gains about 19 points as market activity shifts late.
MENTIONED IN THIS ARTICLE
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AP Business
Wester Chicago
Chicago Board of Trade
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