2. Nearby NY and “A” Index

3. US Stocks/Use vs NY Futures

4. Cotton Prices

5. INTERNATIONAL AREA

6. Int’l Cotton Area

7. 04-0609/1010/1111/12 International 73.3366.9771.6276.03 China 14.1713.1012.6013.24 India 22.0925.3527.1828.10 S. Hemisphere 4.113.655.805.56 Other Int’l 32.9624.8726.0329.12 Million Acres

8. Int’l Cotton Production

9. 04-0609/1010/1111/12 International 97.089.496.9104.1 China 31.432.030.032.3 India 20.023.226.027.2 S. Hemisphere 9.08.213.313.4 Other Int’l 36.725.927.731.2 Million Bales

10. INTERNATIONAL MILL USE & TRADE

11. Fiber Prices

12. Fiber and Yarn Prices

13. World Real GDP Growth International Monetary Fund, January 2011

14. Share of World GDP International Monetary Fund, January 2011 Advanced Economies Developing Asia

15. Int’l Mill Use

16. 04-0609/1010/1111/12 International 118.8115.1113.2117.3 China 50.550.047.648.8 India 18.419.721.622.6 Pakistan 12.010.910.210.9 Other Int’l 38.034.533.934.9 Million Bales

17. Cotton Imports China All Others

18. Int’l Cotton Exports

19. US Cotton Exports

20. US MILL USE

21. Upland Cotton EAAP Authorized in the ‘08 Farm Bill Funded new textile machinery, new buildings and structural improvements to existing buildings Added jobs, reduced costs, increased ability to be more competitive against foreign competition Future funding is expected to continue the positive effect on textile employment and efficiency

22. US Cotton Mill Use 3.7 3.8

23. US COTTON PRODUCTION

24. December Cotton Futures

25. December Corn Futures

26. November Soybean Futures

27. NCC PLANTING INTENTIONS SURVEY FOR ALL FARMS UNDER YOUR MANAGEMENT Acres of: 2010 (Actual) 2011 (Intended) 2011 Expected Price* Upland cotton (c/lb.) ELS cotton (c/lb.) Corn ($/bu.) Wheat ($/bu.) Soybeans ($/bu.) Other crops Total crop acres *Includes marketing loan gain. To respond online, please go to www.cotton.org/survey/11planting WTX

28. NCC PLANTING INTENTIONS SURVEY FOR ALL FARMS UNDER YOUR MANAGEMENT Acres of: 2010 (Actual) 2011 (Intended) 2011 Expected Price* Upland cotton 10,769 (c/lb.) ELS cotton 204 (c/lb.) Corn ($/bu.) Wheat ($/bu.) Soybeans ($/bu.) Other crops Total crop acres *Includes marketing loan gain. To respond online, please go to www.cotton.org/survey/11planting U.S.

29. NCC PLANTING INTENTIONS SURVEY FOR ALL FARMS UNDER YOUR MANAGEMENT Acres of: 2010 (Actual) 2011 (Intended) 2011 Expected Price* Upland cotton 10,76912,263 (c/lb.) ELS cotton 204251 (c/lb.) Corn ($/bu.) Wheat ($/bu.) Soybeans ($/bu.) Other crops Total crop acres *Includes marketing loan gain. To respond online, please go to www.cotton.org/survey/11planting U.S.

30. 2011 Southeast Acreage Thousand Acres 2010 Actual 2011 Intended % Change Alabama 34038814.0 Florida 9210918.3 Georgia 1,3301,4106.0 North Carolina 55069426.1 South Carolina 20222511.2 Virginia 8310526.9 Southeast 2,5972,93012.8 Total may not add due to rounding.

31. 2011 Mid-South Acreage Thousand Acres 2010 Actual 2011 Intended % Change Arkansas 5455898.0 Louisiana 2552788.9 Mississippi 42052424.8 Missouri 31034812.4 Tennessee 39054439.5 Mid-South 1,9202,28318.9 Total may not add due to rounding.

32. 2011 Southwest Acreage Thousand Acres 2010 Actual 2011 Intended % Change Kansas 516934.6 Oklahoma 28532614.4 Texas 5,5506,19011.5 Southwest 5,8866,58511.9 Total may not add due to rounding.

33. 2011 West Acreage Thousand Acres 2010 Actual 2011 Intended % Change Arizona 19522615.8 California 12417238.8 New Mexico 476742.5 West 36646527.0 Total may not add due to rounding.

34. 2011 ELS Acreage Thousand Acres 2010 Actual 2011 Intended % Change Arizona 3447.2 California 18222523.6 New Mexico 3328.2 Texas 171913.7 West 20425123.1 Total may not add due to rounding.

35. 2011 US Planting Intentions Thousand Acres 2010 Actual 2011 Intended % Change Southeast 2,5972,93012.8 Mid-South 1,9202,28318.9 Southwest 5,8866,58511.9 West 36646527.0 ALL UPLAND 10,76912,26313.9 ALL ELS 20425123.1 ALL COTTON 10,97312,51414.0 Total may not add due to rounding.

36. Indexed Futures Prices Relative to December 15, 2010 Survey Period Planting Decisions Finalized

37. US Cotton Production

38. US Cottonseed Production

39. US Balance Sheet 09/1010/1111/12Change Production12.218.319.20.9 Mill Use3.53.73.80.1 Exports12.015.315.60.3 Stocks2.92.32.1-0.2 Million Bales

40. World Balance Sheet 09/1010/1111/12Change Production101.5115.3123.27.9 Mill Use118.5116.9121.14.2 Trade35.638.442.23.8 Stocks43.842.344.62.3 Million Bales

41. World Stocks-to-Use