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2005 Cotton Situation, Outlook and Management Strategies

2005 Cotton Situation, Outlook and Management Strategies. Charles Curtis, Jr Applied Economics & Statistics Clemson University. National Cotton Council Survey 2/19/05. National Cotton Council Survey 2/19/05 (cont.). National Cotton Council Survey 2/19/05 (cont.).

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2005 Cotton Situation, Outlook and Management Strategies

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  1. 2005 Cotton Situation, Outlook and Management Strategies Charles Curtis, Jr Applied Economics & Statistics Clemson University

  2. National Cotton Council Survey 2/19/05

  3. National Cotton Council Survey 2/19/05 (cont.)

  4. National Cotton Council Survey 2/19/05 (cont.)

  5. National Cotton Council Survey 2/19/05 (cont.)

  6. Export Wildcard

  7. Dec 05 Probabilities

  8. Source: G. Shumaker, UGA

  9. Cotton Marketing with LDP’s

  10. Summary • 2004 left 2005 with excess supplies • Plantings up slightly – Yield? • 2005 Use expected: • Reduced US use • Increased Exports (CHINA!!!!) • Current S&D would forecast 52¢ price • Smart Marketing could yield much better!

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