Cottonseed is rather pricey these days, which is hard to believe given the huge crops in 2004 and 2005. But weather problems in the primary cotton growing regions of the
USDA estimated 2006 cotton production at 20.4 million bales in the August Crop Production report, released last Friday. Crop size is based on a yield of 765 pounds per acre, and takes into account the approximately 2.5 million acres that were abandoned. The crop has been hard hit by poor growing conditions in almost all of the primary cotton-growing regions in the country. Last year the cotton crop totaled nearly 24 million bales.
For more on the cotton market from Cotton Inc. go to: http://www.cottoninc.com/MarketInformation/MonthlyEconomicLetter/
Cotton Inc., Doane Ag Report