Today's Cotton Newsline is 4 cuts. All cuts are Gary Adams, Vice President of Economics and Policy Analysis for the National Cotton Council.
Suggested Introduction 1:
In its October crop report, the USDA estimated a 2012-13 US cotton crop of 17.29 million bales. This is an increase of 180,000 bales from the September report. Gary Adams, Vice President of Economics and Policy Analysis for the National Cotton Council provides the details of the report along with regional production updates.
Suggested Introduction 2:
Adams explains that only about 24% of the U.S. crop has been harvested.
Suggested Introduction 3:
Numerous adjustments in China are affecting the USDA's estimate for global mill use.
Suggested Introduction 4:
China's management of their reserves will play a key factor in pricing.