This time last year cotton was trading at $1.27 a pound.
Now it’s down to .86 cents a pound.
As a result of last year’s high yields there are 66-million bales in global inventory.
Moultrie commodities broker Keith Brown told us Wednesday the lower price per pound could result in farmers planting more peanuts.
There’s also concerns about drought conditions in Georgia and west Texas.
The number of acres of cotton planted won’t be known until the end of June.