And with another relatively large crop this season, total U.S. cotton supply in 2006/07 remains one of the largest in recent history at 27.4 million bales.
However, U.S. cotton demand, projected at 21.4 million bales, is expected to nearly match this season's production. Consequently, based on these supply and demand estimates, U.S. stocks for 2006/07 are forecast to remain near 6 million bales at season's end, resulting in a stocks-to-use ratio of 28 percent, the highest in 4 years.
United States Department of Agriculture Economic Research Service
marketing@alchempro.com
