Today’s Cotton Newsline is 3 cuts. All cuts are Dr. Jody Campiche, Vice President of Economics and Policy Analysis for the National Cotton Council.
Suggested Introduction 1:
In its September crop report, USDA estimated a 2019-20 U.S. cotton crop of 21.86 million bales. Upland production was estimated at 21.15 million bales and extra-long staple, or ELS, production at 717,000 bales. Dr. Jody Campiche, Vice President of Economics and Policy Analysis for the National Cotton Council joins us to take a closer look at the latest report.
Suggested Introduction 2:
Dr. Campiche did not see any surprises in this report, however USDA did do some course correcting.
Suggested Introduction 3:
And finally, when we zoom out and take a look at the world balance sheet,