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. Int’l Cotton Area 04-06 09/10 10/11 11/12 Million Acres International
73.33
66.97
71.62
76.03
China
14.17
13.10
12.60
13.24
India
22.09
25.35
27.18
28.10
S. Hemisphere
4.11
3.65
5.80
5.56
Other Int’l
32.96
24.87
26.03
29.12

8. Int’l Cotton Production

9. Int’l Cotton Production
Million Bales
04-06
09/10
10/11
11/12
International
97.0
89.4
96.9
104.1
China
31.4
32.0
30.0
32.3
India
20.0
23.2
26.0
27.2
S. Hemisphere
9.0
8.2
13.3
13.4
Other Int’l
36.7
25.9
27.7
31.2

10. International Mill Use & trade

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

12. Share of World GDP
International Monetary Fund, January 2011

13. Fiber Prices

14. Fiber and Yarn Prices

15. Int’l Mill Use

16. Int’l Mill Use 04-06 09/10 10/11 11/12 Million Bales International
118.8
115.1
113.2
117.3
China
50.5
50.0
47.6
48.8
India
18.4
19.7
21.6
22.6
Pakistan
12.0
10.9
10.2
Other Int’l
38.0
34.5
33.9
34.9

17. Cotton Imports
All Others
China

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
3.8
3.7

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)
Expected Price*
Upland cotton
(c/lb.)
ELS cotton
Corn
($/bu.)
Wheat
Soybeans
Other crops
Total crop acres
*Includes marketing loan gain.
To respond online, please go to
WTX

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

29. NCC PLANTING INTENTIONS SURVEY
FOR ALL FARMS UNDER YOUR MANAGEMENT
Acres of:
2010
(Actual)
2011
(Intended)
Expected Price*
Upland cotton
10,769
12,263
(c/lb.)
ELS cotton
204
251
Corn
($/bu.)
Wheat
Soybeans
Other crops
Total crop acres
*Includes marketing loan gain.
To respond online, please go to
U.S.

30. 2011 Southeast Acreage Thousand Acres
2010
Actual
2011
Intended %
Change
Alabama
340
388
14.0
Florida 92
109
18.3
Georgia
1,330
1,410
6.0
North Carolina
550
694
26.1
South Carolina
202
225
11.2
Virginia 83
105
26.9
Southeast
2,597
2,930
12.8
Total may not add due to rounding.

31. 2011 Mid-South Acreage Thousand Acres
2010
Actual
2011
Intended %
Change
Arkansas
545
589
8.0
Louisiana
255
278
8.9
Mississippi
420
524
24.8
Missouri
310
348
12.4
Tennessee
390
544
39.5
Mid-South
1,920
2,283
18.9
Total may not add due to rounding.

32. 2011 Southwest Acreage Thousand Acres
2010
Actual
2011
Intended %
Change
Kansas 51 69
34.6
Oklahoma
285
326
14.4
Texas
5,550
6,190
11.5
Southwest
5,886
6,585
11.9
Total may not add due to rounding.

33. 2011 West Acreage Thousand Acres
2010
Actual
2011
Intended %
Change
Arizona
195
226
15.8
California
124
172
38.8
New Mexico 47 67
42.5
West
366
465
27.0
Total may not add due to rounding.

34. 2011 ELS Acreage Thousand Acres
2010
Actual
2011
Intended %
Change
Arizona 3 4
47.2
California
182
225
23.6
New Mexico
28.2
Texas 17 19
13.7
West
204
251
23.1
Total may not add due to rounding.

35. 2011 US Planting Intentions Thousand Acres
2010
Actual
2011
Intended %
Change
Southeast
2,597
2,930
12.8
Mid-South
1,920
2,283
18.9
Southwest
5,886
6,585
11.9
West
366
465
27.0
ALL UPLAND
10,769
12,263
13.9
ALL ELS
204
251
23.1
ALL COTTON
10,973
12,514
14.0
Total may not add due to rounding.

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

37. US Cotton Production

38. US Cottonseed Production

39. US Balance Sheet 09/10 10/11 11/12 Change Production 12.2 18.3 19.2
0.9
Mill Use
3.5
3.7
3.8
0.1
Exports
12.0
15.3
15.6
0.3
Stocks
2.9
2.3
2.1
-0.2

40. World Balance Sheet 09/10 10/11 11/12 Change Production 101.5 115.3
123.2
7.9
Mill Use
118.5
116.9
121.1
4.2
Trade
35.6
38.4
42.2
3.8
Stocks
43.8
42.3
44.6
2.3

41. World Stocks-to-Use