This week’s Cotton Newsline is 3 cuts. All cuts are Dr. Gary Adams, Vice President of Economics and Policy Analysis for the National Cotton Council.
Suggested introduction cut 1:
USDA released their supply and demand numbers last week. According to Dr. Gary Adams, Vice President of Economics and Policy Analysis for the National Cotton Council some revisions were made to the ‘05-‘06 cotton marketing year.
Suggested introduction cut 2:
Adams says for the current crop year USDA raised their previous production estimate 300,000 bales.
Suggested introduction cut 3:
According to Adams the world production number was raised roughly 1.2 million bales from the September estimate.