Net export sales for the week ending July 27, the last full week of the 2005-06 marketing were 50,800 bales. Shipments for the week were a marketing year high of 598,800 bales.
With a four day week remaining before the export shipments book is closed for the marketing year, net exports, in statistical 480 pound bales, will likely climb to 17.6 million bales, or 600,000 bales more than the USDA's estimate last month.
It is far too early to price the 2006 crop, unless you did so several months ago-above the 60 cent level. It will return.
marketing@alchempro.com
