U.S. Cotton-Production Estimate May Be Lowered, Survey Shows

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Jan. 10 (Bloomberg) — Cotton production in the U.S., the world’s largest exporter, probably was 0.3 percent lower than the government estimated in December, according to the average estimate of six analysts in a Bloomberg News survey.

Estimates for the crop that growers finished harvesting late last year, as well as exports and inventories for the marketing year that ends July 31, are listed below in millions of bales, each weighing 480 pounds, or 218 kilograms. The U.S. Department of Agriculture will update itsestimates on Jan. 12 at 8:30 a.m. in Washington.

               2010-2011 Estimates       USDA Estimates
Average Range December 2009-2010
Production 18.21 18-18.27 18.27 12.19
Exports 15.68 15.5-15.75 15.75 12.04
Ending Stocks 1.91 1.8-2.15 1.9 2.95


SOURCE OUTPUT EXPORTS ENDING STOCKS
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Kropf & Love 18.27 15.75 1.9
Penson 18.254 15.6 2.15
Plexus 18.2 15.75 1.8
Stevens 18.27 15.75 1.9
Carl Anderson, Texas A&M 18 15.5 1.8
(Source: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aorvubbVbBN0)

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