The Economic Outlook for US Cotton 2007 Prepared by Economic Services Gary Adams Steve Slinsky Shawn Boyd Michelle Huffman
Macroeconomic Environment
US Crude Oil Spot Price
World Economic Growth
US Federal Budget Surplus CBO Jan. ’07 Forecast
CBO Ag Baseline Spending
US Net Farm Income
US Cotton Demand
US Cotton Textile Imports
US Cotton Mill Use
US Exports & The International Market
US Upland Export Commitments
(Million Bales) Aug05-Jan06Aug06-Jan07Difference Mexico Turkey China Total
China Cotton Supply & Use
India Cotton Supply & Use
Foreign Cotton Production & Use
US Cotton Exports
US Cotton Supply
2007 US Planting Intentions 2006 Actual 2007 Intentions Percent Change Southeast3,3532, % Mid-South4,2353, % Southwest6,8356, % West % Total Upland14,94812, % ELS % All Cotton15,27413, %
US Cotton Yield
US Cotton Production
US Cotton Production & Use Mill Use Exports
US Cotton Ending Stocks
World Cotton Supply & Demand Mill Use Production
Cotton Stocks-to-Use U.S. Rest of World
Cotton Stocks/Use vs A Index
Nearby NY and “A” (FE) Index
The Economic Outlook for US Cotton 2007 Prepared by Economic Services Gary Adams Steve Slinsky Shawn Boyd Michelle Huffman