Today's cotton newsline is 6 cuts. All cuts are Gary Adams, Vice President of Economics and Policy Analysis for the National Cotton Council.
Suggested Introduction 1:
Cotton output in the United States, the world's biggest exporter, will be 3.8 percent higher than forecast last month as the crop in Texas rebounds according to the recent USDA August crop report.The USDA estimated a U.S. crop of 17.65 million bales, up 651 thousand bales. Gary Adams, Vice President of Economics and Policy Analysis for the National Cotton Council provides the details of the recent report.
Suggested Introduction 2:
In the southeastern United States, the crop is estimated at 4.77 million bales, based on harvested acres of 2.65 million, and a regional average yield of 864 pounds, 75 pounds above the five year average for the region.
Suggested Introduction 3:
Adams briefly mentions the Mid-South production region.
Suggested Introduction 4:
In the Southwest, upland crop is estimated at 6.98 million bales. Expected harvest area is 5.44 million acres, and the regional average yield is 615 pounds, 87 pounds below their five year average of 702 pounds per harvested acre.
Suggested Introduction 5:
Upland production in the West is an estimated 1.28 million bales with an estimated harvest area of 394,000 acres and a regional average yield of 1,553 pounds, 86 pounds more than the region's five year average.
Suggested Introduction 6:
Adams puts the report into better perspective concerning the weather conditions for the Southwest, and he mentions his expectations for the September report.