Cotton prices high as harvest begins

One week away from harvest, cotton prices are high and Charles Parker’s farm in the Missouri Bootheel looks good.

“The United States Department of Agriculture has us projected this year at a 1,092 pound average, which is the best average in the mid-south,” Parker said.

The USDA projection is beneficial for Parker, chairman of the National Cotton Council, and other cotton growers.  A 1,092-pound average refers to the weight of cotton ginned in bales of fiber. An average cotton bale weighs 480 pounds.

Parker said the cotton industry could see the highest prices in years. On Friday, the December cotton futures were $1.0124 per pound.

“We are blessed with good soil, good farmers and good rain fall,” Parker said.

Parker produces more than 8,000 acres of fiber each year on his land near Senath, Mo.

– Carah Hart, Edited by Claire Friedrichsen

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