Cotton ProductionAug 12, 2010 All cotton production is forecast at 18.5 million 480-pound bales, up 52 percent from last year's 12.2 million bales. Yield is expected to average 837 pounds per harvested acre, up 60 pounds from last year. Upland cotton production is forecast at 18.0 million 480-pound bales, 53 percent above 2009. Texas producers are expecting a record high production of 8.80 million 480-pound bales, a 90 percent increase from last year. American Pima production is forecast at 497,800 bales, up 25 percent from last year. Producers expect to harvest 10.6 million acres of all cotton and 10.4 million acres of upland cotton, both up 41 percent from last year. American Pima harvested area is expected to total 207,000 acres, up 50 percent from 2009. DISCLAIMER: This information is not to be construed as an offer to sell or a solicitation or an offer to buy the commodities herein named. The factual information of this report has been obtained from sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to the accuracy, and is not to be construed as representation by Commodity & Derivative Adv. The risk of trading futures and options can be substantial. Each investor must consider whether this is a suitable investment. Past performance is not indicative of future results. Read Entire Disclaimer. |
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