Due to a large world supply and low consumption rates, cotton prices are projected to remain flat heading into 2015, according to a Texas A&M AgriLife Extension Service cotton economist.
Dr. John Robinson said cotton has been ranging in the mid to upper 60s because speculative funds have been swinging from net short to neutral and cotton futures have stayed around 60 cents.
And Chinese policy is one of the major influences of the market.
China is using more of their cotton rather than buying U.S. exports, which continues to affect market prices.
Robinson said the end of the year carryover is forecast to be more than 4 million bales and the 2015 outlook projects 15 million to 16 million bales produced in the U.S.