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:
The USDA June Supply and Demand report for the 2006 crop year shows a decrease in U.S. cotton exports. According to Dr. Gary Adams, Vice-President of Economics and Policy Analysis for the National Cotton Council, the lower demand caused an increase in ending stocks for the marketing year.
Suggested introduction cut 2:
Adams says for the 2007 crop year USDA is still estimating a U.S. crop of 18.8 million bales.
Suggested introduction cut 3:
For the 2007 world crop, Adams says the USDA was more aggressive on their estimates for global demand.