The Farmer's Weblog

Monday, October 14, 2002

World Agricultural Supply and Demand Estimates
COTTON: U.S. 2002/03 cotton production and exports are reduced this month, reflecting adverse weather and slightly weaker world demand, respectively. Production is lower in the Southeast due to a combination of weather problems. Domestic mill use is unchanged from last month. Exports are reduced nearly 2 percent, reflecting sluggish demand by foreign mills. These changes result in an increase in ending stocks to a level of 6.8 million bales.

The 2002/03 world outlook includes slightly lower consumption and trade. World production is virtually unchanged from last month, as reductions for Australia, the United States, and Uzbekistan are about offset by increases for India, Syria, and Turkey. Consumption is reduced mainly in South Korea and Brazil. Exports are reduced for Australia, the African Franc Zone, the United States, and Uzbekistan. World ending stocks are raised nearly 2 percent from last month.
2:38:50 PM    comment []

Cotton Marketing Weekly -- O. A. Cleveland PhD
Another week in time--another lifeless week in the cotton market. However, the market actually moved higher most of the week, although the [base "]higher[per thou] was still just above 43 cents. The week was spent in anticipation of the USDA October crop reports. Generally, they proved to be [base "]no shows.[per thou] While most had anticipated a bearish to slightly bearish set of reports, the only surprise was that the reports were so neutral. This market has a few more punches headed its nose, but the low 40[base ']s are too low for prices as we move toward the spring.
10:26:12 AM    comment []

This Page was last updated: 12/29/03; 3:37:48 PM
Copyright 2003 Russell Gum
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