Macroeconomic Environment US Real GDP World Real GDP.

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Presentation transcript:

Macroeconomic Environment

US Real GDP

World Real GDP

US Crude Oil Spot Price

Change in Value of US $

US Crop Futures

World Stocks-to-Use

International Market & Cotton Trade

China Cotton Balance Sheet

India Cotton Balance Sheet

Cotton Trade (Million Bales) Importers07/0808/09 Total China

Cotton Trade (Million Bales) Importers07/0808/09 Total China Turkey3.73.9

Cotton Trade (Million Bales) Importers07/0808/09 Total China Turkey Mexico1.51.4

Cotton Trade (Million Bales) Importers07/0808/09 Total China Turkey Mexico Oth Top

Cotton Trade (Million Bales) Importers07/0808/09 Total China Turkey Mexico Oth Top All Others

Cotton Trade (Million Bales) Importers07/0808/09Exporters07/0808/09 Total Total China India Turkey Mexico Oth Top All Others

Cotton Trade (Million Bales) Importers07/0808/09Exporters07/0808/09 Total Total China India Turkey3.73.9Brazil Mexico Oth Top All Others

Cotton Trade (Million Bales) Importers07/0808/09Exporters07/0808/09 Total Total China India Turkey3.73.9Brazil Mexico1.51.4FSU Oth Top All Others

Cotton Trade (Million Bales) Importers07/0808/09Exporters07/0808/09 Total Total China India Turkey3.73.9Brazil Mexico1.51.4FSU Oth Top W. Africa All Others

Cotton Trade (Million Bales) Importers07/0808/09Exporters07/0808/09 Total Total China India Turkey3.73.9Brazil Mexico1.51.4FSU Oth Top W. Africa All Others All Others

Cotton Trade (Million Bales) Importers07/0808/09Exporters07/0808/09 Total Total China India Turkey3.73.9Brazil Mexico1.51.4FSU Oth Top W. Africa All Others All Others US

US Cotton Demand

US Cotton Retail Market

US Cotton Mill Use (Crop Year)

US Cotton Supply

2008 US Planting Intentions 2007 Actual 2008 Intentions Percent Change Southeast2,2551, % Mid-South2,7502, % Southwest5,1225, % West % Total Upland10,5389, % ELS % All Cotton10,8309, %

US Cotton Production

Abandonment & Yield Variability

US Cottonseed Production

Stocks & Prices

US Cotton Production & Use

US Cotton Ending Stocks

World Cotton Production & Use

World Cotton Stocks

Nearby NY and A (FE) Index Nearby NY A (FE)

Nearby NY and A (FE) Index Nearby NY A (FE) Current futures contracts Implied “A”

Cotton Stocks-to-Use

A Index ¢/lbStocks/Use

Growth in World Mill Use

Fiber and Yarn Prices

Copies of the Economic Outlook Available at the Close of this Session