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Cotton Usa Global Fac -December

Cotton Usa Global Fac -December

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Published by: cottontrade on Dec 10, 2011
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12/10/2011

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2010-11e 2011-12pBeginning Stocks 2,950 2,600roduct on , ,Imports 10 10Total Supply 21,060 18,440se , ,Exports 14,380 11,300Total Offtake 18,280 14,900Ending Stocks 2,600 3,500Stocks-to-Use Ratio 14.2% 23.5%
Source: USDA-WAOB December WASDE Report.e=USDA estimate, p= USDA projection.
COTTON USA Global Fax Update - December 2011
HIGHLIGHTSU.S. COTTON SUPPLY & OFFTAKE
(000) 480-Pound Bales
7090110130
11/911/1611/2311/3012/7
D A I L Y P R I C E S
Cents/Pound
NY NearbyNY Dec 11"A (FE)" IndexCa/Az (FE)Memphis (FE)MOT (FE)
02040608010012014001020304050607080910e11p
Million Bales
W O R L D C O T T O N P R O D U C T I O NA N D U S E
Mill Use
• ’10-11 World mill use estimated at 114.2 million bales, 180,000bales lower than November.• ’11-12 World production estimated at 123.4 million bales,470,000 bales lower than November.• ’11-12 World mill use estimated at 111.3 million bales, down2.9 million bales from November.• ’11-12 U.S. production estimated at 15.8 million bales, down470,000 bales from November.• ’11-12 U.S. mill use estimated at 3.6 million bales, 200,000 baleslower than November.• ’11-12 Turkey imports estimated at 2.5 million bales, 600,000bales lower than November.• ’11-12 Turkey mill use estimated at 5.3 million bales, down500,000 bales from November.• ’11-12 India mill use estimated at 19.5 million bales, down 1.0

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