2. Macroeconomic Environment

3. US Real GDP

4. World Real GDP

5. US Crude Oil Spot Price

6. Change in Value of US $

7. US Crop Futures

8. World Stocks-to-Use

9. International Market & Cotton Trade

10. China Cotton Balance Sheet

11. India Cotton Balance Sheet

12. Cotton Trade (Million Bales) Importers07/0808/09 Total40.942.4 China13.716.7

13. Cotton Trade (Million Bales) Importers07/0808/09 Total40.942.4 China13.716.7 Turkey3.73.9

14. Cotton Trade (Million Bales) Importers07/0808/09 Total40.942.4 China13.716.7 Turkey3.73.9 Mexico1.51.4

15. Cotton Trade (Million Bales) Importers07/0808/09 Total40.942.4 China13.716.7 Turkey3.73.9 Mexico1.51.4 Oth Top 1011.610.5

16. Cotton Trade (Million Bales) Importers07/0808/09 Total40.942.4 China13.716.7 Turkey3.73.9 Mexico1.51.4 Oth Top 1011.610.5 All Others10.39.9

17. Cotton Trade (Million Bales) Importers07/0808/09Exporters07/0808/09 Total40.942.4Total 40.942.4 China13.716.7India 5.87.1 Turkey3.73.9 Mexico1.51.4 Oth Top 1011.610.5 All Others10.39.9

18. Cotton Trade (Million Bales) Importers07/0808/09Exporters07/0808/09 Total40.942.4Total 40.942.4 China13.716.7India 5.87.1 Turkey3.73.9Brazil 2.93.3 Mexico1.51.4 Oth Top 1011.610.5 All Others10.39.9

19. Cotton Trade (Million Bales) Importers07/0808/09Exporters07/0808/09 Total40.942.4Total 40.942.4 China13.716.7India 5.87.1 Turkey3.73.9Brazil 2.93.3 Mexico1.51.4FSU 7.37.2 Oth Top 1011.610.5 All Others10.39.9

20. Cotton Trade (Million Bales) Importers07/0808/09Exporters07/0808/09 Total40.942.4Total 40.942.4 China13.716.7India 5.87.1 Turkey3.73.9Brazil 2.93.3 Mexico1.51.4FSU 7.37.2 Oth Top 1011.610.5W. Africa 3.03.7 All Others10.39.9

21. Cotton Trade (Million Bales) Importers07/0808/09Exporters07/0808/09 Total40.942.4Total 40.942.4 China13.716.7India 5.87.1 Turkey3.73.9Brazil 2.93.3 Mexico1.51.4FSU 7.37.2 Oth Top 1011.610.5W. Africa 3.03.7 All Others10.39.9All Others 6.76.5

22. Cotton Trade (Million Bales) Importers07/0808/09Exporters07/0808/09 Total40.942.4Total 40.942.4 China13.716.7India 5.87.1 Turkey3.73.9Brazil 2.93.3 Mexico1.51.4FSU 7.37.2 Oth Top 1011.610.5W. Africa 3.03.7 All Others10.39.9All Others 6.76.5 US 15.214.7

23. US Cotton Demand

24. US Cotton Retail Market

26. US Cotton Mill Use (Crop Year)

27. US Cotton Supply

28. 2008 US Planting Intentions 2007 Actual 2008 Intentions Percent Change Southeast2,2551,996-11.5% Mid-South2,7502,049-25.5% Southwest5,1225,021-2.0% West411252-38.7% Total Upland10,5389,318-11.6% ELS292231-21.1% All Cotton10,8309,549-11.8%

29. US Cotton Production

30. Abandonment & Yield Variability

31. US Cottonseed Production

32. Stocks & Prices

33. US Cotton Production & Use

34. US Cotton Ending Stocks

35. World Cotton Production & Use

36. World Cotton Stocks

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

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

39. Cotton Stocks-to-Use

40. A Index ¢/lbStocks/Use

41. Growth in World Mill Use

42. Fiber and Yarn Prices

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