WASDE: U.S. Cotton Forecasts Include Increased Production, Lower Domestic Mill Use, & Higher Exports

Dec 09, 2016

COTTON: This month’s 2016/17 U.S. cotton forecasts include increased production, lower domestic mill use, and higher exports and ending stocks. Production is raised 62,000 bales to 16. 5 million due to an increase for Texas, which is partially offset by decreases for the Carolinas. Domestic mill use is reduced 200,000 bales as recent activity indicates a slowdown in pace compared to the year-ago level. The export Projection is raised 200,000 bales on higher production. Ending stocks are now projected at 4.8 milli on bales or 31 percent of disappearance. The forecast range of 64 to 70 cents per pound for the marketing year average price received by producers is narrowed one ent on each end.

The global 2016/17 forecasts likewise show higher production and increased ending stocks compared with last month. Prodution is raised for Australia, the United States, and others. Consumtion is reduced for India, the United States, and South Korea, and raised for China and Vietnam. World trade is revise d marginally. World ending st ocks

are raised 842,000 bales to 89.1 million.

Video: Residue Management

Residue Management conservation practice manages the amount, orientation, and distribution of crop and other plant residue on the soil surface year-round while limiting soil-disturbing activities used to grow and harvest crops in systems where the field surface is tilled prior to planting. This video explores how Ryan McKenzie implemented this conservation practice on his farm in Samson, Alabama.

Practice benefits:

• Increases organic matter

• Improves air quality

• Decreases energy costs

• Reduces erosion

• Improves soil health

The Conservation at Work video series was created to increase producer awareness of common conservation practices and was filmed at various locations throughout the country. Because conservation plans are specific to the unique resource needs on each farm and also soil type, weather conditions, etc., these videos were designed to serve as a general guide to the benefits of soil and water conservation and landowners should contact their local USDA office for individual consultation.