This week’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:
The USDA just released their October estimates for the U.S. cotton crop. Gary Adams, vice-president of economics and policy analysis for the National Cotton Council, says the 2009 – 2010 crop is estimated to be approximately 13 million bales.
Suggested Introduction 2:
Adams says the USDA expects that we will harvest about 7.7 million bales.
Suggested Introduction 3:
According to Adams, reductions were seen in the Mid-South and Southwest.
Suggested Introduction 4:
One of the issues Adams says that continues to be a concern is the development of the crop.
Adams says we are still in the early stages of harvest and that this report is based on conditions as of October 1, so it is likely these estimates will change as we see harvest progress.