Cotton's Week: December 12, 2003

Cotton's Week: December 12, 2003

enlist duo

®PhytoGen and the PhytoGen Logo are trademarks of PhytoGen Seed Company, LLC. ®™DOW Diamond, Enlist, Enlist Duo and the Enlist logo are trademarks of The Dow Chemical Company (“Dow”) or E.I. du Pont de Nemours and Company (“DuPont”) or affiliated companies of Dow or DuPont. The Enlist weed control system is owned and developed by Dow AgroSciences LLC. Enlist Duo® and Enlist One herbicides are not yet registered for use in all states or counties. Contact your state pesticide regulatory agency to determine if a product is registered for sale or use in your area. Enlist Duo and Enlist One herbicides are the only 2,4-D product authorized for use on Enlist crops. Always read and follow label directions. PhytoGen Seed Company is a joint venture between Mycogen Corporation, an affiliate of Dow AgroSciences LLC, and the J.G. Boswell Company.
Crop Projection Unchanged in USDA December Report
 

In its December report, USDA projected the US ’03-04 crop to reach 18.22 million bales, unchanged from the November report. US mill use and exports are projected to reach 6.20 and 13.20 million bales, respectively, for total ’03-04 offtake of 19.40 million bales. Ending stocks are a projected 4.25 million bales, for an ending stocks-to-use ratio of 21.9%.

USDA gauged ’02-03 cotton production at 17.21 million bales. Both projected mill use and exports were unchanged at 7.27 million bales and 11.90 million bales, respectively. The projected total offtake of 19.17 million bales generates an ending stocks value of 5.39 million bales, for an estimated ending stocks-to-use ratio of 28.1%.

For the ’03-04 marketing year, USDA projected world production at 92.17 million bales, up 30,000 bales from the November report. World mill use was lowered 520,000 bales to 97.17 million. Consequently, world ending stocks are projected to be 32.19 million bales, for a stocks-to-use ratio of 33.1%.

Expected ’02-03 world production estimates were increased 40,000 bales to 88.03 million. USDA’s beginning stocks were lowered 10,000 bales to 46.94 million bales. World supply is pegged at 134.97 million bales. Estimated world mill use was lowered 290,000 bales to 97.93 million bales. Ending stocks are now pegged at 36.87 million bales. This has a corresponding stocks-to-use ratio of 37.6%.

US Cotton Crop, ’03-04

 

 

Planted Acres (Thou.)

Harvested Acres (Thou.)

Yield per Harv. Acre (Lb.)

5-Yr Avg. Yield (Lb.)

Production (Thou. 480-Lb.  Bales)

UPLAND

SOUTHEAST

3,141  

2,969 

753  

603 

4,658  

   AL

560  

510 

772  

569 

820  

   FL*

100  

97 

636  

502 

128  

   GA

1,300  

1,290 

800  

608 

2,150  

   NC

840  

770 

686  

636 

1,100  

   SC

250  

217 

730  

541 

330  

   VA

91  

85 

734  

708 

130  

MID-SOUTH

3,580  

3,485 

888  

700 

6,450  

   AR

950  

940 

909  

757 

1,780  

   LA

550  

520 

942   

638 

1,020  

   MS

1,120  

1,100 

916  

719 

2,100  

   MO

400  

390 

849  

677 

690  

   TN

560  

535 

772  

644 

860  

SOUTHWEST

5,915  

4,680 

466  

488 

4,540  

   KS*

125  

110 

653  

428 

150  

   OK

190  

170 

536  

518 

190  

   TX

5,600  

4,400 

458  

488 

4,200  

WEST

815  

805 

1,273  

1,230 

2,135  

   AZ

210  

208 

1,292  

1,264 

560  

   CA

550  

555 

1,297  

1,266 

1,500  

   NM

55  

42 

857  

746 

75  

TOTAL UPLAND

13,451  

11,939 

715  

638 

17,783  

TOTAL ELS

180  

168 

1,231  

1,153 

432  

   AZ

4  

4 

1,108  

871 

9  

   CA

150  

139 

1,278  

1,208 

370  

   NM

6  

6 

1,040  

805 

13  

   TX

20  

20 

985  

867 

40  

ALL COTTON

13,631  

12,107 

722  

648 

18,215  

*NCC estimates for harvested acres and yield per harvested acre based on the August Crop Production Report.



Stenholm, Cochran Express Views on CAFTA to Zoellick
 

In its December report, USDA projected the US ’03-04 crop to reach 18.22 million bales, unchanged from the November report. US mill use and exports are projected to reach 6.20 and 13.20 million bales, respectively, for total ’03-04 offtake of 19.40 million bales. Ending stocks are a projected 4.25 million bales, for an ending stocks-to-use ratio of 21.9%.

USDA gauged ’02-03 cotton production at 17.21 million bales. Both projected mill use and exports were unchanged at 7.27 million bales and 11.90 million bales, respectively. The projected total offtake of 19.17 million bales generates an ending stocks value of 5.39 million bales, for an estimated ending stocks-to-use ratio of 28.1%.

For the ’03-04 marketing year, USDA projected world production at 92.17 million bales, up 30,000 bales from the November report. World mill use was lowered 520,000 bales to 97.17 million. Consequently, world ending stocks are projected to be 32.19 million bales, for a stocks-to-use ratio of 33.1%.

Expected ’02-03 world production estimates were increased 40,000 bales to 88.03 million. USDA’s beginning stocks were lowered 10,000 bales to 46.94 million bales. World supply is pegged at 134.97 million bales. Estimated world mill use was lowered 290,000 bales to 97.93 million bales. Ending stocks are now pegged at 36.87 million bales. This has a corresponding stocks-to-use ratio of 37.6%.

US Cotton Crop, ’03-04

 

 

Planted Acres (Thou.)

Harvested Acres (Thou.)

Yield per Harv. Acre (Lb.)

5-Yr Avg. Yield (Lb.)

Production (Thou. 480-Lb.  Bales)

UPLAND

SOUTHEAST

3,141  

2,969 

753  

603 

4,658  

   AL

560  

510 

772  

569 

820  

   FL*

100  

97 

636  

502 

128  

   GA

1,300  

1,290 

800  

608 

2,150  

   NC

840  

770 

686  

636 

1,100  

   SC

250  

217 

730  

541 

330  

   VA

91  

85 

734  

708 

130  

MID-SOUTH

3,580  

3,485 

888  

700 

6,450  

   AR

950  

940 

909  

757 

1,780  

   LA

550  

520 

942   

638 

1,020  

   MS

1,120  

1,100 

916  

719 

2,100  

   MO

400  

390 

849  

677 

690  

   TN

560  

535 

772  

644 

860  

SOUTHWEST

5,915  

4,680 

466  

488 

4,540  

   KS*

125  

110 

653  

428 

150  

   OK

190  

170 

536  

518 

190  

   TX

5,600  

4,400 

458  

488 

4,200  

WEST

815  

805 

1,273  

1,230 

2,135  

   AZ

210  

208 

1,292  

1,264 

560  

   CA

550  

555 

1,297  

1,266 

1,500  

   NM

55  

42 

857  

746 

75  

TOTAL UPLAND

13,451  

11,939 

715  

638 

17,783  

TOTAL ELS

180  

168 

1,231  

1,153 

432  

   AZ

4  

4 

1,108  

871 

9  

   CA

150  

139 

1,278  

1,208 

370  

   NM

6  

6 

1,040  

805 

13  

   TX

20  

20 

985  

867 

40  

ALL COTTON

13,631  

12,107 

722  

648 

18,215  

*NCC estimates for harvested acres and yield per harvested acre based on the August Crop Production Report.



’04 Advance Direct Payment Authorized
 

In its December report, USDA projected the US ’03-04 crop to reach 18.22 million bales, unchanged from the November report. US mill use and exports are projected to reach 6.20 and 13.20 million bales, respectively, for total ’03-04 offtake of 19.40 million bales. Ending stocks are a projected 4.25 million bales, for an ending stocks-to-use ratio of 21.9%.

USDA gauged ’02-03 cotton production at 17.21 million bales. Both projected mill use and exports were unchanged at 7.27 million bales and 11.90 million bales, respectively. The projected total offtake of 19.17 million bales generates an ending stocks value of 5.39 million bales, for an estimated ending stocks-to-use ratio of 28.1%.

For the ’03-04 marketing year, USDA projected world production at 92.17 million bales, up 30,000 bales from the November report. World mill use was lowered 520,000 bales to 97.17 million. Consequently, world ending stocks are projected to be 32.19 million bales, for a stocks-to-use ratio of 33.1%.

Expected ’02-03 world production estimates were increased 40,000 bales to 88.03 million. USDA’s beginning stocks were lowered 10,000 bales to 46.94 million bales. World supply is pegged at 134.97 million bales. Estimated world mill use was lowered 290,000 bales to 97.93 million bales. Ending stocks are now pegged at 36.87 million bales. This has a corresponding stocks-to-use ratio of 37.6%.

US Cotton Crop, ’03-04

 

 

Planted Acres (Thou.)

Harvested Acres (Thou.)

Yield per Harv. Acre (Lb.)

5-Yr Avg. Yield (Lb.)

Production (Thou. 480-Lb.  Bales)

UPLAND

SOUTHEAST

3,141  

2,969 

753  

603 

4,658  

   AL

560  

510 

772  

569 

820  

   FL*

100  

97 

636  

502 

128  

   GA

1,300  

1,290 

800  

608 

2,150  

   NC

840  

770 

686  

636 

1,100  

   SC

250  

217 

730  

541 

330  

   VA

91  

85 

734  

708 

130  

MID-SOUTH

3,580  

3,485 

888  

700 

6,450  

   AR

950  

940 

909  

757 

1,780  

   LA

550  

520 

942   

638 

1,020  

   MS

1,120  

1,100 

916  

719 

2,100  

   MO

400  

390 

849  

677 

690  

   TN

560  

535 

772  

644 

860  

SOUTHWEST

5,915  

4,680 

466  

488 

4,540  

   KS*

125  

110 

653  

428 

150  

   OK

190  

170 

536  

518 

190  

   TX

5,600  

4,400 

458  

488 

4,200  

WEST

815  

805 

1,273  

1,230 

2,135  

   AZ

210  

208 

1,292  

1,264 

560  

   CA

550  

555 

1,297  

1,266 

1,500  

   NM

55  

42 

857  

746 

75  

TOTAL UPLAND

13,451  

11,939 

715  

638 

17,783  

TOTAL ELS

180  

168 

1,231  

1,153 

432  

   AZ

4  

4 

1,108  

871 

9  

   CA

150  

139 

1,278  

1,208 

370  

   NM

6  

6 

1,040  

805 

13  

   TX

20  

20 

985  

867 

40  

ALL COTTON

13,631  

12,107 

722  

648 

18,215  

*NCC estimates for harvested acres and yield per harvested acre based on the August Crop Production Report.



Congress Adjourns for the Year
 

In its December report, USDA projected the US ’03-04 crop to reach 18.22 million bales, unchanged from the November report. US mill use and exports are projected to reach 6.20 and 13.20 million bales, respectively, for total ’03-04 offtake of 19.40 million bales. Ending stocks are a projected 4.25 million bales, for an ending stocks-to-use ratio of 21.9%.

USDA gauged ’02-03 cotton production at 17.21 million bales. Both projected mill use and exports were unchanged at 7.27 million bales and 11.90 million bales, respectively. The projected total offtake of 19.17 million bales generates an ending stocks value of 5.39 million bales, for an estimated ending stocks-to-use ratio of 28.1%.

For the ’03-04 marketing year, USDA projected world production at 92.17 million bales, up 30,000 bales from the November report. World mill use was lowered 520,000 bales to 97.17 million. Consequently, world ending stocks are projected to be 32.19 million bales, for a stocks-to-use ratio of 33.1%.

Expected ’02-03 world production estimates were increased 40,000 bales to 88.03 million. USDA’s beginning stocks were lowered 10,000 bales to 46.94 million bales. World supply is pegged at 134.97 million bales. Estimated world mill use was lowered 290,000 bales to 97.93 million bales. Ending stocks are now pegged at 36.87 million bales. This has a corresponding stocks-to-use ratio of 37.6%.

US Cotton Crop, ’03-04

 

 

Planted Acres (Thou.)

Harvested Acres (Thou.)

Yield per Harv. Acre (Lb.)

5-Yr Avg. Yield (Lb.)

Production (Thou. 480-Lb.  Bales)

UPLAND

SOUTHEAST

3,141  

2,969 

753  

603 

4,658  

   AL

560  

510 

772  

569 

820  

   FL*

100  

97 

636  

502 

128  

   GA

1,300  

1,290 

800  

608 

2,150  

   NC

840  

770 

686  

636 

1,100  

   SC

250  

217 

730  

541 

330  

   VA

91  

85 

734  

708 

130  

MID-SOUTH

3,580  

3,485 

888  

700 

6,450  

   AR

950  

940 

909  

757 

1,780  

   LA

550  

520 

942   

638 

1,020  

   MS

1,120  

1,100 

916  

719 

2,100  

   MO

400  

390 

849  

677 

690  

   TN

560  

535 

772  

644 

860  

SOUTHWEST

5,915  

4,680 

466  

488 

4,540  

   KS*

125  

110 

653  

428 

150  

   OK

190  

170 

536  

518 

190  

   TX

5,600  

4,400 

458  

488 

4,200  

WEST

815  

805 

1,273  

1,230 

2,135  

   AZ

210  

208 

1,292  

1,264 

560  

   CA

550  

555 

1,297  

1,266 

1,500  

   NM

55  

42 

857  

746 

75  

TOTAL UPLAND

13,451  

11,939 

715  

638 

17,783  

TOTAL ELS

180  

168 

1,231  

1,153 

432  

   AZ

4  

4 

1,108  

871 

9  

   CA

150  

139 

1,278  

1,208 

370  

   NM

6  

6 

1,040  

805 

13  

   TX

20  

20 

985  

867 

40  

ALL COTTON

13,631  

12,107 

722  

648 

18,215  

*NCC estimates for harvested acres and yield per harvested acre based on the August Crop Production Report.



New APHIS Unit Will Review Environmental Effects of Biotechnology
 

In its December report, USDA projected the US ’03-04 crop to reach 18.22 million bales, unchanged from the November report. US mill use and exports are projected to reach 6.20 and 13.20 million bales, respectively, for total ’03-04 offtake of 19.40 million bales. Ending stocks are a projected 4.25 million bales, for an ending stocks-to-use ratio of 21.9%.

USDA gauged ’02-03 cotton production at 17.21 million bales. Both projected mill use and exports were unchanged at 7.27 million bales and 11.90 million bales, respectively. The projected total offtake of 19.17 million bales generates an ending stocks value of 5.39 million bales, for an estimated ending stocks-to-use ratio of 28.1%.

For the ’03-04 marketing year, USDA projected world production at 92.17 million bales, up 30,000 bales from the November report. World mill use was lowered 520,000 bales to 97.17 million. Consequently, world ending stocks are projected to be 32.19 million bales, for a stocks-to-use ratio of 33.1%.

Expected ’02-03 world production estimates were increased 40,000 bales to 88.03 million. USDA’s beginning stocks were lowered 10,000 bales to 46.94 million bales. World supply is pegged at 134.97 million bales. Estimated world mill use was lowered 290,000 bales to 97.93 million bales. Ending stocks are now pegged at 36.87 million bales. This has a corresponding stocks-to-use ratio of 37.6%.

US Cotton Crop, ’03-04

 

 

Planted Acres (Thou.)

Harvested Acres (Thou.)

Yield per Harv. Acre (Lb.)

5-Yr Avg. Yield (Lb.)

Production (Thou. 480-Lb.  Bales)

UPLAND

SOUTHEAST

3,141  

2,969 

753  

603 

4,658  

   AL

560  

510 

772  

569 

820  

   FL*

100  

97 

636  

502 

128  

   GA

1,300  

1,290 

800  

608 

2,150  

   NC

840  

770 

686  

636 

1,100  

   SC

250  

217 

730  

541 

330  

   VA

91  

85 

734  

708 

130  

MID-SOUTH

3,580  

3,485 

888  

700 

6,450  

   AR

950  

940 

909  

757 

1,780  

   LA

550  

520 

942   

638 

1,020  

   MS

1,120  

1,100 

916  

719 

2,100  

   MO

400  

390 

849  

677 

690  

   TN

560  

535 

772  

644 

860  

SOUTHWEST

5,915  

4,680 

466  

488 

4,540  

   KS*

125  

110 

653  

428 

150  

   OK

190  

170 

536  

518 

190  

   TX

5,600  

4,400 

458  

488 

4,200  

WEST

815  

805 

1,273  

1,230 

2,135  

   AZ

210  

208 

1,292  

1,264 

560  

   CA

550  

555 

1,297  

1,266 

1,500  

   NM

55  

42 

857  

746 

75  

TOTAL UPLAND

13,451  

11,939 

715  

638 

17,783  

TOTAL ELS

180  

168 

1,231  

1,153 

432  

   AZ

4  

4 

1,108  

871 

9  

   CA

150  

139 

1,278  

1,208 

370  

   NM

6  

6 

1,040  

805 

13  

   TX

20  

20 

985  

867 

40  

ALL COTTON

13,631  

12,107 

722  

648 

18,215  

*NCC estimates for harvested acres and yield per harvested acre based on the August Crop Production Report.



Endangered Species Labeling Addressed at Stakeholder Meeting
 

In its December report, USDA projected the US ’03-04 crop to reach 18.22 million bales, unchanged from the November report. US mill use and exports are projected to reach 6.20 and 13.20 million bales, respectively, for total ’03-04 offtake of 19.40 million bales. Ending stocks are a projected 4.25 million bales, for an ending stocks-to-use ratio of 21.9%.

USDA gauged ’02-03 cotton production at 17.21 million bales. Both projected mill use and exports were unchanged at 7.27 million bales and 11.90 million bales, respectively. The projected total offtake of 19.17 million bales generates an ending stocks value of 5.39 million bales, for an estimated ending stocks-to-use ratio of 28.1%.

For the ’03-04 marketing year, USDA projected world production at 92.17 million bales, up 30,000 bales from the November report. World mill use was lowered 520,000 bales to 97.17 million. Consequently, world ending stocks are projected to be 32.19 million bales, for a stocks-to-use ratio of 33.1%.

Expected ’02-03 world production estimates were increased 40,000 bales to 88.03 million. USDA’s beginning stocks were lowered 10,000 bales to 46.94 million bales. World supply is pegged at 134.97 million bales. Estimated world mill use was lowered 290,000 bales to 97.93 million bales. Ending stocks are now pegged at 36.87 million bales. This has a corresponding stocks-to-use ratio of 37.6%.

US Cotton Crop, ’03-04

 

 

Planted Acres (Thou.)

Harvested Acres (Thou.)

Yield per Harv. Acre (Lb.)

5-Yr Avg. Yield (Lb.)

Production (Thou. 480-Lb.  Bales)

UPLAND

SOUTHEAST

3,141  

2,969 

753  

603 

4,658  

   AL

560  

510 

772  

569 

820  

   FL*

100  

97 

636  

502 

128  

   GA

1,300  

1,290 

800  

608 

2,150  

   NC

840  

770 

686  

636 

1,100  

   SC

250  

217 

730  

541 

330  

   VA

91  

85 

734  

708 

130  

MID-SOUTH

3,580  

3,485 

888  

700 

6,450  

   AR

950  

940 

909  

757 

1,780  

   LA

550  

520 

942   

638 

1,020  

   MS

1,120  

1,100 

916  

719 

2,100  

   MO

400  

390 

849  

677 

690  

   TN

560  

535 

772  

644 

860  

SOUTHWEST

5,915  

4,680 

466  

488 

4,540  

   KS*

125  

110 

653  

428 

150  

   OK

190  

170 

536  

518 

190  

   TX

5,600  

4,400 

458  

488 

4,200  

WEST

815  

805 

1,273  

1,230 

2,135  

   AZ

210  

208 

1,292  

1,264 

560  

   CA

550  

555 

1,297  

1,266 

1,500  

   NM

55  

42 

857  

746 

75  

TOTAL UPLAND

13,451  

11,939 

715  

638 

17,783  

TOTAL ELS

180  

168 

1,231  

1,153 

432  

   AZ

4  

4 

1,108  

871 

9  

   CA

150  

139 

1,278  

1,208 

370  

   NM

6  

6 

1,040  

805 

13  

   TX

20  

20 

985  

867 

40  

ALL COTTON

13,631  

12,107 

722  

648 

18,215  

*NCC estimates for harvested acres and yield per harvested acre based on the August Crop Production Report.



NCC Past President Lon Mann Dies
 

In its December report, USDA projected the US ’03-04 crop to reach 18.22 million bales, unchanged from the November report. US mill use and exports are projected to reach 6.20 and 13.20 million bales, respectively, for total ’03-04 offtake of 19.40 million bales. Ending stocks are a projected 4.25 million bales, for an ending stocks-to-use ratio of 21.9%.

USDA gauged ’02-03 cotton production at 17.21 million bales. Both projected mill use and exports were unchanged at 7.27 million bales and 11.90 million bales, respectively. The projected total offtake of 19.17 million bales generates an ending stocks value of 5.39 million bales, for an estimated ending stocks-to-use ratio of 28.1%.

For the ’03-04 marketing year, USDA projected world production at 92.17 million bales, up 30,000 bales from the November report. World mill use was lowered 520,000 bales to 97.17 million. Consequently, world ending stocks are projected to be 32.19 million bales, for a stocks-to-use ratio of 33.1%.

Expected ’02-03 world production estimates were increased 40,000 bales to 88.03 million. USDA’s beginning stocks were lowered 10,000 bales to 46.94 million bales. World supply is pegged at 134.97 million bales. Estimated world mill use was lowered 290,000 bales to 97.93 million bales. Ending stocks are now pegged at 36.87 million bales. This has a corresponding stocks-to-use ratio of 37.6%.

US Cotton Crop, ’03-04

 

 

Planted Acres (Thou.)

Harvested Acres (Thou.)

Yield per Harv. Acre (Lb.)

5-Yr Avg. Yield (Lb.)

Production (Thou. 480-Lb.  Bales)

UPLAND

SOUTHEAST

3,141  

2,969 

753  

603 

4,658  

   AL

560  

510 

772  

569 

820  

   FL*

100  

97 

636  

502 

128  

   GA

1,300  

1,290 

800  

608 

2,150  

   NC

840  

770 

686  

636 

1,100  

   SC

250  

217 

730  

541 

330  

   VA

91  

85 

734  

708 

130  

MID-SOUTH

3,580  

3,485 

888  

700 

6,450  

   AR

950  

940 

909  

757 

1,780  

   LA

550  

520 

942   

638 

1,020  

   MS

1,120  

1,100 

916  

719 

2,100  

   MO

400  

390 

849  

677 

690  

   TN

560  

535 

772  

644 

860  

SOUTHWEST

5,915  

4,680 

466  

488 

4,540  

   KS*

125  

110 

653  

428 

150  

   OK

190  

170 

536  

518 

190  

   TX

5,600  

4,400 

458  

488 

4,200  

WEST

815  

805 

1,273  

1,230 

2,135  

   AZ

210  

208 

1,292  

1,264 

560  

   CA

550  

555 

1,297  

1,266 

1,500  

   NM

55  

42 

857  

746 

75  

TOTAL UPLAND

13,451  

11,939 

715  

638 

17,783  

TOTAL ELS

180  

168 

1,231  

1,153 

432  

   AZ

4  

4 

1,108  

871 

9  

   CA

150  

139 

1,278  

1,208 

370  

   NM

6  

6 

1,040  

805 

13  

   TX

20  

20 

985  

867 

40  

ALL COTTON

13,631  

12,107 

722  

648 

18,215  

*NCC estimates for harvested acres and yield per harvested acre based on the August Crop Production Report.



Export Sales for Week Ending Dec. 4
 

In its December report, USDA projected the US ’03-04 crop to reach 18.22 million bales, unchanged from the November report. US mill use and exports are projected to reach 6.20 and 13.20 million bales, respectively, for total ’03-04 offtake of 19.40 million bales. Ending stocks are a projected 4.25 million bales, for an ending stocks-to-use ratio of 21.9%.

USDA gauged ’02-03 cotton production at 17.21 million bales. Both projected mill use and exports were unchanged at 7.27 million bales and 11.90 million bales, respectively. The projected total offtake of 19.17 million bales generates an ending stocks value of 5.39 million bales, for an estimated ending stocks-to-use ratio of 28.1%.

For the ’03-04 marketing year, USDA projected world production at 92.17 million bales, up 30,000 bales from the November report. World mill use was lowered 520,000 bales to 97.17 million. Consequently, world ending stocks are projected to be 32.19 million bales, for a stocks-to-use ratio of 33.1%.

Expected ’02-03 world production estimates were increased 40,000 bales to 88.03 million. USDA’s beginning stocks were lowered 10,000 bales to 46.94 million bales. World supply is pegged at 134.97 million bales. Estimated world mill use was lowered 290,000 bales to 97.93 million bales. Ending stocks are now pegged at 36.87 million bales. This has a corresponding stocks-to-use ratio of 37.6%.

US Cotton Crop, ’03-04

 

 

Planted Acres (Thou.)

Harvested Acres (Thou.)

Yield per Harv. Acre (Lb.)

5-Yr Avg. Yield (Lb.)

Production (Thou. 480-Lb.  Bales)

UPLAND

SOUTHEAST

3,141  

2,969 

753  

603 

4,658  

   AL

560  

510 

772  

569 

820  

   FL*

100  

97 

636  

502 

128  

   GA

1,300  

1,290 

800  

608 

2,150  

   NC

840  

770 

686  

636 

1,100  

   SC

250  

217 

730  

541 

330  

   VA

91  

85 

734  

708 

130  

MID-SOUTH

3,580  

3,485 

888  

700 

6,450  

   AR

950  

940 

909  

757 

1,780  

   LA

550  

520 

942   

638 

1,020  

   MS

1,120  

1,100 

916  

719 

2,100  

   MO

400  

390 

849  

677 

690  

   TN

560  

535 

772  

644 

860  

SOUTHWEST

5,915  

4,680 

466  

488 

4,540  

   KS*

125  

110 

653  

428 

150  

   OK

190  

170 

536  

518 

190  

   TX

5,600  

4,400 

458  

488 

4,200  

WEST

815  

805 

1,273  

1,230 

2,135  

   AZ

210  

208 

1,292  

1,264 

560  

   CA

550  

555 

1,297  

1,266 

1,500  

   NM

55  

42 

857  

746 

75  

TOTAL UPLAND

13,451  

11,939 

715  

638 

17,783  

TOTAL ELS

180  

168 

1,231  

1,153 

432  

   AZ

4  

4 

1,108  

871 

9  

   CA

150  

139 

1,278  

1,208 

370  

   NM

6  

6 

1,040  

805 

13  

   TX

20  

20 

985  

867 

40  

ALL COTTON

13,631  

12,107 

722  

648 

18,215  

*NCC estimates for harvested acres and yield per harvested acre based on the August Crop Production Report.



Prices Effective December 12-18, 2003
 

In its December report, USDA projected the US ’03-04 crop to reach 18.22 million bales, unchanged from the November report. US mill use and exports are projected to reach 6.20 and 13.20 million bales, respectively, for total ’03-04 offtake of 19.40 million bales. Ending stocks are a projected 4.25 million bales, for an ending stocks-to-use ratio of 21.9%.

USDA gauged ’02-03 cotton production at 17.21 million bales. Both projected mill use and exports were unchanged at 7.27 million bales and 11.90 million bales, respectively. The projected total offtake of 19.17 million bales generates an ending stocks value of 5.39 million bales, for an estimated ending stocks-to-use ratio of 28.1%.

For the ’03-04 marketing year, USDA projected world production at 92.17 million bales, up 30,000 bales from the November report. World mill use was lowered 520,000 bales to 97.17 million. Consequently, world ending stocks are projected to be 32.19 million bales, for a stocks-to-use ratio of 33.1%.

Expected ’02-03 world production estimates were increased 40,000 bales to 88.03 million. USDA’s beginning stocks were lowered 10,000 bales to 46.94 million bales. World supply is pegged at 134.97 million bales. Estimated world mill use was lowered 290,000 bales to 97.93 million bales. Ending stocks are now pegged at 36.87 million bales. This has a corresponding stocks-to-use ratio of 37.6%.

US Cotton Crop, ’03-04

 

 

Planted Acres (Thou.)

Harvested Acres (Thou.)

Yield per Harv. Acre (Lb.)

5-Yr Avg. Yield (Lb.)

Production (Thou. 480-Lb.  Bales)

UPLAND

SOUTHEAST

3,141  

2,969 

753  

603 

4,658  

   AL

560  

510 

772  

569 

820  

   FL*

100  

97 

636  

502 

128  

   GA

1,300  

1,290 

800  

608 

2,150  

   NC

840  

770 

686  

636 

1,100  

   SC

250  

217 

730  

541 

330  

   VA

91  

85 

734  

708 

130  

MID-SOUTH

3,580  

3,485 

888  

700 

6,450  

   AR

950  

940 

909  

757 

1,780  

   LA

550  

520 

942   

638 

1,020  

   MS

1,120  

1,100 

916  

719 

2,100  

   MO

400  

390 

849  

677 

690  

   TN

560  

535 

772  

644 

860  

SOUTHWEST

5,915  

4,680 

466  

488 

4,540  

   KS*

125  

110 

653  

428 

150  

   OK

190  

170 

536  

518 

190  

   TX

5,600  

4,400 

458  

488 

4,200  

WEST

815  

805 

1,273  

1,230 

2,135  

   AZ

210  

208 

1,292  

1,264 

560  

   CA

550  

555 

1,297  

1,266 

1,500  

   NM

55  

42 

857  

746 

75  

TOTAL UPLAND

13,451  

11,939 

715  

638 

17,783  

TOTAL ELS

180  

168 

1,231  

1,153 

432  

   AZ

4  

4 

1,108  

871 

9  

   CA

150  

139 

1,278  

1,208 

370  

   NM

6  

6 

1,040  

805 

13  

   TX

20  

20 

985  

867 

40  

ALL COTTON

13,631  

12,107 

722  

648 

18,215  

*NCC estimates for harvested acres and yield per harvested acre based on the August Crop Production Report.


Sponsored by
Dow AgroSciences