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This USDA report provides the first survey-based estimates of cotton acreage that U.S. farmers intend to plant for the year. As the U.S. is a leading global exporter of cotton, these intentions are critical for forecasting global supply-demand balances. The data influences trading strategies for textile manufacturers, hedge funds, and agricultural producers worldwide.
Data is collected through a probability survey of farmers, focusing on their planting intentions as of early March.