NEWS
Thu May 1, 2014 10:34 AM CDT

MIAMI (Dow Jones) -- The National Cotton Council reduced its estimate for the 2014-15 U.S. crop on Thursday, citing drier-than-expected weather in parts of Texas, the top-U.S. growing state.

The NCC forecast a U.S. cotton crop of 15.25 million bales during the season that begins on August 1, up 19% from the current season's harvest, but down 6.8% from the group's February estimate.

Texas "is still where our wild card is in terms of production potential this year," said Gary Adams, vice president of economics at the NCC. The weather in north and west Texas has deteriorated since the NCC's ...

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