Total export shipments (e.g., upland and pima) for the week ending November 2 were 129,500 running bales, which translates to a weekly pace that is below the 379,000 statistical bales exported per week needed to reach the level of demand currently projected by USDA.
The precursor of export shipments is weekly net sales, which for U.S. upland and pima combined were, coincidentally, also 175,600 total running bales. (Note: a 480 lb. "statistical bale" is about 97.5 percent of a "running bale").
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