cotton - Greenmount Press

World CoMModity Watch
US
The US crop is close to 75% ginned and harvest is complete. The
overall crop on the High Plains was not as good as many thought,
and will most likely finish closer to five million bales of Texas
cotton. Reduced production in Texas will be made up for by the final
numbers in the Mid-South and Southeast as yields were higher than
last year. Most growers continue to talk down cotton for new crop as
the price is not at levels where they can make money. We are hearing
talk of 30–40% reduction in Mid-South, Southeast and California as
they have so many alternatives such as corn and soybeans. Texas
is also looking to cut back cotton acres, however the margins in
cotton for larger scale West Texas growers are still favorable to the
alternatives, so the swing to grains will not be as great in West Texas
compared to other regions. Corn may however be the crop of choice
in South Texas and the area north of Lubbock. Conditions remain dry
in Texas as a whole however, so rain is required before we see a take
up of crops of any kind next summer.
Brazil
Brazil’s CONAB has forecast the nation’s
production in 2012–13 to drop by as
much as 27%. Reasons include expected
higher returns for corn & soybeans which
have also seen a lot of growers adopt
the ‘Safrinha’ or ‘little harvest’ method
of following a soybean crop with cotton.
While it yields less than conventionally
grown cotton it also requires less inputs
therefore costing less to grow. This
form of double cropping will form the
major portion of Brazil’s acreage in
2012–13. Due to persistent rains delaying
the planting of the soybean crop, the
predicted sowing dates for this form of
cotton growing have been pushed back
to December and the New Year. Planting
for conventional style growers is well
under way and its estimated 10% of this
season’s crop is in the ground.
From the field to t
Queensland Cotto
Queensland Cotton has the longest supply