facebook_pixel

Cotton Highlights from May WASDE Report

The May 2017 World Agricultural Supply and Demand Estimates (WASDE) report has been released by USDA.

Here’s the May summary for cotton:

“A projected 2017/18 U.S. cotton crop of 19.2 million bales is expected to sharply increase next season’s ending stocks. Production is anticipated to rise 12% from 2016/17, based on 12.2 million planted acres as indicated in Prospective Plantings, combined with below-average abandonment − due to relatively favorable moisture − and average yields. Domestic mill use is projected higher at 3.4 million bales, while exports are expected to fall to 14 million, as competitors’ supplies grow. Ending stocks are projected at 5 million bales, or 29% of total use. The preliminary range for the marketing year average price received by producers is 54.0 to 74.0 cents per pound.

“For 2016/17, U.S. cotton production is reduced marginally from last month. The export forecast is increased to 14.5 million bales, reflecting higher-than-anticipated export sales to date, with ending stocks lowered accordingly.

“The world 2017/18 cotton projections show a decline in stocks of 2.4 million bales, as consumption exceeds production for the third consecutive season. Global production is expected to rise nearly 7%, despite marginally lower average yields, as area rebounds to its highest level in three years. Production is forecast to rise in all major producing countries, led by the United States (2.0 million bales higher) and India (1.5 million bales higher). Global consumption is projected to rise 2.3%, as a growing world economy drives mill use higher around the world. Projected world trade is raised slightly from 2016/17, as import-oriented consumers such as Vietnam and Bangladesh are accounting for a larger share of world consumption.

“Ending stocks are projected at 87.1 million bales, 75% of world consumption. Falling China stocks exceed the projected global decline, while stocks outside of China rise for the second consecutive year. Despite the projected decrease, China stocks are still equivalent to more than 100% of China’s total disappearance.

“For 2016/17, world production is reduced marginally from last month, while consumption is raised slightly. Ending stocks lowered 1.4 million bales. Consumption and imports are slightly higher in China, and ending stocks are lower in India, the United States, and China.”

Topics: , ,

Leave a Reply

News Stories
News

Beltwide Takes to the Sky

November 3, 2017

The 2018 Beltwide Cotton Conferences will focus on elevating efficiencies and managing risks – both from the ground and in the air.

Product News

Bayer Looking for FiberMax One Ton Club Growers for 2017

November 16, 2017

Cotton growers who produce an average of 2,000 lb/A on 20 or more acres planted to FiberMax varieties in 2017 are eligible to be part of the 13th annual FiberMax One Ton Club.

News

Midwest, Western Farmers to Tour High Plains Cotton Operations

November 8, 2017

Thirteen Midwestern and Western farmers will visit cotton and other agricultural operations in West Texas November 12-16, as part of the National Cotton Council’s Multi-Commodity Education Program.

Product News

Intrepid Trio: Naturally Balanced Nutrition in Every Granule

November 1, 2017

Intrepid Trio contains three essential nutrients for cotton plants.

Product News

Save Time, Increase Efficiencies with Mixmate

November 1, 2017

Mixmate from Praxidyn is a precision chemical mixing system for small farms to large enterprises.

Product News

Crumpler Ironworks & Fabrication

November 1, 2017

Crumpler Ironworks & Fabrication is committed to providing the highest level of service, honesty and integrity, regardless of project size.

Product News

Delivering Proven Performance Across the Cotton Belt

November 1, 2017

Seed varieties, traits and crop protection products from Bayer deliver proven performance to growers across the Cotton Belt.

Around The Gin
Product News

Bayer Looking for FiberMax One Ton Club Growers for 2017

November 16, 2017

Cotton growers who produce an average of 2,000 lb/A on 20 or more acres planted to FiberMax varieties in 2017 are eligible to be part of the 13th annual FiberMax One Ton Club.

Product News

Monsanto Delays NemaStrike for Additional Review

November 2, 2017

After finding cases of skin irritation, Monsanto is pulling its nematode seed treatment NemaStrike for further product review.

Product News

Intrepid Trio: Naturally Balanced Nutrition in Every Granule

November 1, 2017

Intrepid Trio contains three essential nutrients for cotton plants.

Product News

Save Time, Increase Efficiencies with Mixmate

November 1, 2017

Mixmate from Praxidyn is a precision chemical mixing system for small farms to large enterprises.

Product News

Crumpler Ironworks & Fabrication

November 1, 2017

Crumpler Ironworks & Fabrication is committed to providing the highest level of service, honesty and integrity, regardless of project size.

Product News

Delivering Proven Performance Across the Cotton Belt

November 1, 2017

Seed varieties, traits and crop protection products from Bayer deliver proven performance to growers across the Cotton Belt.

Product News

Growers Continue to Count on Americot and NexGen

November 1, 2017

Americot is dedicated to working with cotton growers throughout the Cotton Belt to provide elite performing NexGen varieties within the marketplace.

Product News

Deere Adds New Narrow Track Versions to 9RX Tractor Lineup

November 1, 2017

John Deere has added three new 9RX Narrow Track Tractors, expanding its lineup of high-horsepower machines.

Latest News
News

Midwest, Western Farmers to Tour High Plains Cotton Operations

November 8, 2017

Thirteen Midwestern and Western farmers will visit cotton and other agricultural operations in West Texas November 12-16, as part of the National Cotton Council’s Multi-Commodity Education Program.

News

Beltwide Takes to the Sky

November 3, 2017

The 2018 Beltwide Cotton Conferences will focus on elevating efficiencies and managing risks – both from the ground and in the air.

News

Wrangler, TAWC Partner for Efficient Water Use in Cotton

October 27, 2017

Wrangler and The Texas Alliance for Water Conservation are partnering to promote best-in-class techniques and technologies for efficient water use among cotton growers.

News

Hurricane Ag Losses in Texas Total $200 Million

October 27, 2017

Hurricane Harvey caused more than $200 million in agricultural losses, according to Texas A&M AgriLife Extension economists, with half of the total losses coming from cotton.

News

BASF Agrees to Buy Bayer’s Liberty and Seed Businesses

October 13, 2017

BASF has agreed to acquire significant parts of Bayer’s seed and non-selective herbicide businesses, including Liberty herbicide and the Stoneville and FiberMax cotton seed brands.

News

Monsanto, Deltapine Support Hurricane Recovery for Texas Ag

October 10, 2017

Monsanto and Deltapine is donating $200,000 to assist with ongoing agricultural recovery efforts in Texas caused by Hurricane Harvey.

News

Registration Open for 2018 Beltwide Cotton Conferences

October 10, 2017

Registration is now open for the 2018 Beltwide Cotton Conferences set for January 3-5 in San Antonio, TX.

News

Getting Ready for 2017 Census of Agriculture

October 2, 2017

Farmers and ranchers across the nation will soon start receiving the 2017 Census of Agriculture.

News

USDA Sets 2018 Marketing Assistance Loan Rate

October 2, 2017

The marketing assistance loan rate for 2018-crop base quality upland cotton has been set at 52.00 cents per pound.

News

Gap Inc. Joins Cotton LEADS Sustainability Program

September 28, 2017

Gap Inc. is the newest member of Cotton LEADS, a joint Australian/U.S. program aimed to promote responsible cotton production practices.

News

Cotton Inc. Names First Chief Sustainability Officer

September 18, 2017

Dr. Jesse Daystar has been named Vice President and Chief Sustainability Officer for Cotton Incorporated.

News

Cotton Highlights from September WASDE Report

September 12, 2017

Higher U.S. production, exports and ending stocks are anticipated for cotton, based on the USDA WASDE report for September.

News

Texas High Plains Hoping for Bigger Cotton Crop

September 10, 2017

Weather forecasts are favorable for crop maturity and a higher crop potential in the Texas High Plains.

News

Harvey Slams Coastal TX Cotton Industry

September 8, 2017

Hurricane Harvey and its after-effects have the Coastal Texas cotton industry reeling, according to Texas A&M AgriLife experts.

News

Webcast Focuses on Foliar Diseases in Cotton

August 30, 2017

A new webcast to help identify and manage foliar diseases in cotton has been added to the Focus on Cotton online series from the Plant Management Network and Cotton Incorporated.