The U.S. cotton export estimate was revised upward this month to 10.5 million bales based on recent data from USDA’s Foreign Agricultural Service.
The U.S. cotton export estimate was revised upward this month to 10.5 million bales based on recent data from USDA's Foreign Agricultural Service. #
Although up slightly from the previous month, 2013/14 exports remain 2.5 million bales below the previous season due largely to limited supply.
The U.S. cotton export estimate was revised upward this month to 10.5 million bales based on recent data from USDA's Foreign Agricultural Service. #
By the end of May, U.S. cotton export commitments (shipments plus outstanding sales) had reached 10.8 million bales, while exports had totaled 9.3 million bales, or 89 percent of the estimate.
The U.S. cotton export estimate was revised upward this month to 10.5 million bales based on recent data from USDA's Foreign Agricultural Service. #
As a result, shipments through the end of July will need to average approximately 134,000 bales per week, which is below the May average of 215,000 bales per week.
The U.S. cotton export estimate was revised upward this month to 10.5 million bales based on recent data from USDA's Foreign Agricultural Service. #
As a result of the export adjustment in June, U.S. cotton ending stocks were lowered. Ending stocks for 2013/14 are estimated at 2.7 million bales, the lowest in three seasons. The implied stocks-to-use ratio of 19 percent is also the smallest since 2010/11.
The U.S. cotton export estimate was revised upward this month to 10.5 million bales based on recent data from USDA's Foreign Agricultural Service. #
USDA
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