RECAPS
COTTON
weather
woes
Cotton yields, quality adversely affected by rains
A
By Sally Andel
from 60.2 million bales to 58.2 million bales.
s I am writing this article, the
monthly USDA Supply and
Demand report was released.
Cotton received bullish numbers
both domestically and globally.
The market jumped up nearly two cents. Up
to this point, cotton has seen several days of
down markets.
Except for the Australian report, these
are mostly bullish numbers. The Chinese
revision indicates better Chinese demand
and thus a worldly demand for cotton. Even
with this report, most speculate that cotton
futures will trade only in the 70 to 72 cent
future range.
In the report, the U.S. crop was reduced
from 16.2 million bales to 16.0 million bales.
This is mainly because of the Texas crop. The
world ending stocks were reduced from 89.8
million bales to 87.35 million bales. This is
largely due to China. The U.S. exports were
increased from 11.5 million to 12.0 million.
U.S. ending stocks were reduced from 4.9
million to 4.3 million. The Australian crop
increased from 3.5 million to 4.0 million and
the Chinese beginning stocks were reduced
We are ginning our producers’ cotton at
our Danevang location. This year, we had
terrible picking weather. Fortunately, for
the most part our ginning weather has been
good. Our dispatch has done a great job. We
still have some cotton in the fields but for
the most part things are slowing down. Keep
in mind that your cotton reports can be
viewed on the pcca.com website. If you need
help setting up an account, please stop by
the main office in El Campo or the dispatch
office in Danevang. We can also print them
for you at the main office or email or fax
them to you or your insurance agent. Once
you have set up an account, you can check
the option to have your grades sent to you
in a text as soon as your bales are classed. If
you have any questions, please let us know
and we will gladly help you.
This is a very difficult year for all of our
producers. It started out as a decent year
with potentially high yields and good grades.
However, very little cotton was picked before
the rains set in. Unfortunately, yields and
quality has suffered as a result of the wet
weather. We are trying to do the best we can
to gin your cotton as efficiently as possible.
In the life of a farmer, “It’s all about the
weather.” And, simply put, the weather hasn’t
been good this harvest.
11