This week’s Cotton Newsline is 5 cuts. All cuts are Gary Adams, vice president of economics and policy analysis for the National Cotton Council.
Suggested Introduction 1:
In its November report, USDA lowered the upland cotton estimate to 17.9 million bales. Gary Adams, vice president of economics and policy analysis for the National Cotton Council says that’s down approximately 450,000 from the October report.
Suggested Introduction 2:
Adams says starting with the U.S. there are a couple of things to note in the overall supply and demand balance sheet.
Suggested Introduction 3:
Adams points out that the more optimistic export forecast for the United States partly relates to changes USDA made in China estimates.
Suggested Introduction 4:
According to Adams the global balance sheet shows a fairly tight marketing situation in 2010.
Suggested Introduction 5:
Adams says another country that plays a major role in the cotton industry is India.