Today'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:
USDA's March Prospective Plantings Report indicates US producers intend to plant 10 million acres of cotton in 2013, down roughly 19% from 2012. In contrast, the Nation Cotton Council's planting intentions survey, released in early February, indicated US farmers intend to plant 8.81 million acres of upland cotton and 203,000 acres of ELS. Gary Adams, Vice President of Economics and Policy Analysis for the National Cotton Council, explains the differences in the two reports.
Suggested Introduction 2:
Adams shares a regional breakdown of the report.
Suggested Introduction 3:
The largest acreage decrease is expected to be seen in the Southwest in Texas.
Suggested Introduction 4:
Adams closes with an update on the western production states.