World Agricultural Supply and Demand Estimates

FillerTotalWASDE - 520 - 17July 2013U.S. Cotton Supply and Use 1/2011/012 2012/013 Est. 2013/014 Proj. 2013/014 Proj.Filler Filler Filler Filler FillerArea Million AcresPlanted 14.74 12.31 10.03 * 10.25 **Harvested 9.46 9.37 8.10 * 7.80 **PoundsYield per Harvested Acre 790 887 800 * 831 **Million 480 Pound BalesBeginning Stocks 2.60 3.35 3.60 3.90Production 15.57 17.32 13.50 13.50Imports 0.02 0.01 0.01 0.01Supply, Total 18.19 20.67 17.11 17.41Domestic Use 3.30 3.45 3.50 3.50Exports, Total 11.71 13.30 11.00 11.00Use, Total 15.01 16.75 14.50 14.50Unaccounted 2/ -0.17 0.02 0.01 0.01Ending Stocks 3.35 3.90 2.60 2.90Avg. Farm Price 3/ 88.3 72.0 73.0 - 93.0 70.0 - 90.0JunJulNote: Reliability calculations at end of report. 1/ Upland and extra-long staple; marketing year beginning August 1.Totals may not add due to rounding. 2/ Reflects the difference between the previous season's supply less total use andending stocks. 3/ Cents per pound for upland cotton. *Planted acres as reported in the March 28, 2013 ProspectivePlantings. Production based on the 2010/11 through 2012/13 average area abandonment and yield per harvested acre,weighted by region. Abandonment for the Southwest region is estimated at 32 percent due to continued droughtconditions. **Planted acres as reported in the June 28, 2013 Acreage report. Production based on the 2010/11 through2012/13 average area abandonment and yield per harvested acre, weighted by region, and adjusted for current cropconditions. Abandonment for the Southwest region is estimated at 40 percent due to continued drought.