Technology kicking up cotton yields

March 2005
Southeast Farm Press;3/2/2005, Vol. 32 Issue 7, p12
Trade Publication
The article presents information on the crop production in the year 2004 in the U.S. Cotton production was up 26 percent while soybean production was up 28 percent. When supplies go down, price goes up. It's an inverse relationship, and this is driving the markets. Ending stocks also are up for all crops. Corn ending stocks tripled from about 900 million bushels to 1.9 billion bushels. Cotton ending stocks went from less than 4 million to more than 7 million bales in one year. Turning to the market outlook for various crops, factors to consider in corn are the huge carryover, and the increased cost of nitrogen. The low market price and the increased nitrogen cost may drive some acreage out of corn. But the threat of soybean rust might drive it back in.


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