USDA: April cotton supply and demand estimation 1.5D PSF

The 2018/19 U.S. cotton supply and demand forecasts show lower consumption and higher ending stocks relative to last month. At 3.1 million bales, U.S. cotton consumption is now forecast to reach its lowest level since the 1890s.　Ending stocks are now forecast at 4.4 million bales, a 100,000-bale inc