The finish line for the 2020 Texas High Plains cotton harvest is coming quickly for many growers and for others, they have already finished for the season. This year, as all are aware, has been rough but harvest has gone smoothly, and we likely are just over a month away from hanging up the hat and moving forward to 2021.
PCG estimates that across the region producers are about 85 percent finished at this time and most have an opportunity to finish before the Thanksgiving holiday.
“This crop and year were not what any of us expected or desired. While yields for most folks have been disappointing, the one bright spot to this crop is the very good quality and a better market. Hopefully those two things can help offset some of the sting from disappointing yields,” PCG Chief Executive Officer Steve Verett said.
Currently December cotton futures are trading in the 69.3 to 70.49 range and looking at the March 2021 futures they are trading at 71.7 to 72.6 range at press time.