TITLE

Cotton acreage should support prices

AUTHOR(S)
Shurley, Don
PUB. DATE
March 2005
SOURCE
Southeast Farm Press;3/2/2005, Vol. 32 Issue 7, p46
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article focuses on need of cotton acreage to support prices. The first planted acreage forecast for the 2005 cotton crop was released by the National Cotton Council on Jan. 28. The Council estimate is 13.73 million acres--up 75,000 acres of .55 percent from last year. Most analysts, early on, have felt that 2005 acreage would be much higher than this. Thus, the NCC number should be supportive of prices. USDA's acreage estimate will be released on March 31. The acreage situation for 2005 is shaping up to be a real mystery. There are so many changes/adjustments in the mix that all have come to bear at the same time higher nitrogen prices, higher fuel prices, costs and uncertainties of Asian Soybean Rust, increased tech fees for cotton seed and lower prices for alternative crops such a com and soybeans compared to this same time last year.
ACCESSION #
16285229

 

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