Today’s Cotton Newsline is 4 cuts. All cuts are Dr. Jody Campiche, Vice President of Economics and Policy Analysis for the National Cotton Council.
Suggested Introduction 1:
USDA’s January supply and demand forecast for 2015-2016 U.S. cotton crop includes lower production and higher ending stocks as compared to last month. Dr. Jody Campiche, Vice President of Economics and Policy Analysis for the National Cotton Council, joins us to break down the report.
Suggested Introduction 2:
Domestic mill use was reduced by 100,000 bales.
Suggested Introduction 3:
Global production was reduced by more than 2 million bales based on updated harvest reports for Pakistan, China, and India.
Suggested Introduction 4:
World consumption was also reduced due to reductions for India, Pakistan, and the United States.