Today’s Cotton Newsline is 5 cuts. All cuts are Dr. Jody Campiche, Vice President of Economics and Policy Analysis for the National Cotton Council.
Suggested Introduction 1:
Dr. Jody Campiche, Vice President of Economics and Policy Analysis for the National Cotton Council provided an economic update at the Council’s recent Mid Year Meeting in Memphis, Tennessee. As Dr. Campiche examines projections for this year’s cotton crop, world mill use remains a key focus.
Suggested Introduction 2:
So where are we with the current 2019 U.S. cotton crop?
Suggested Introduction 3:
For the 2019 crop year, USDA has estimated 17.2 million bales in exports.
Suggested Introduction 4:
As we look at the world balance sheet, there is a lot of uncertainty according to Dr. Campiche.
Suggested Introduction 5:
So what does this all mean for prices in 2019?