US cotton crop slightly higher in October

15 Oct '11

4 min read

As a result of the reduction in demand, U.S. ending stocks were revised upward in October to 3.9 million bales, 50 percent more than the final 2010/11 ending stock estimate. The stocks-to-use ratio is forecast at 25 percent compared with last season's 14 percent. Both the stock level and the ratio are at their highest in 3 years.

2011/12 Season Average Price Range Narrowed; 2010/11 Price Finalized
Based on the most recent prices and the latest supply and demand estimates, the average upland cotton farm price is now forecast to range between 87.5 cents and $1.025 per pound. The midpoint of 95 cents would represent a considerable increase from last season's final estimate of 81.5 cents per pound released by USDA in October. The 2010/11 price was nearly 19 cents above the average price recorded for the 2009/10 season. These higher prices and their relative relationship with other grain prices helped cotton area rebound during the last couple of years and will also play an important role in acreage decisions for 2012.

United States Department of Agriculture (USDA)

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