PCG EMAIL SERVICES: COMMODITYONLINE.COM - US Cotton industry optimistic on crop prospects for 2014

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Wed Jan 22 06:25:08 CST 2014


COMMODITYONLINE.COM - US Cotton industry optimistic on crop prospects for 2014
The decrease in corn acres this year will result in slight uptake in cotton planting nationwide, although corn will be predominantly replaced by soy beans.

http://www.commodityonline.com/news/us-cotton-industry-optimistic-on-crop-prospects-for-2014-57673-1-57674.html

18 Jan 2014
By Seshadri Ramkumar

LUBBOCK, USA (Commodity Online): Cotton price may help with the uptick in 2014 cotton acres in the United States. In Friday's meeting at Plains Cotton Growers in Lubbock, TX there was optimism for cotton planting this year.

The decrease in corn acres this year will result in slight uptake in cotton planting nationwide, although corn will be predominantly replaced by soy beans.

Representatives from seed industry such as Monsanto felt that the demand for cotton seed this year is slightly higher than what it was during the same period last year. The main factor that drives the switching back to cotton is the price and the recent positive export numbers.

Steve Verett, Executive Vice President of Lubbock, Texas based Plains Cotton Growers expressed that he is hoping for more favorable weather in the coming year that will result in more harvested acres in relation to planted acres, providing a positive impact on the High Plains cotton industry.

Ginning of last year’s cotton is coming to an end in High Plains of Texas and is hoped to be wrapped-up by next week.

(Seshadri Ramkumar is a regular contributor to Commodity Online and Professor at Texas Tech University, USA)


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