Week Ending: Nov. 8, 2012

Transcription

1 Week Ending: Nov. 8, 2012 Market Page 1. Thurs. Close Last Thurs. Close Weekly Change Week's High Week's Low Life of Contract High Life of Contract Low NEW YORK COTTON FUTURES (Cents/lb.) December March May July October December March May July CHICAGO CORN FUTURES (Cents/Bu.) December March May July September CHICAGO SOYBEAN FUTURES (Cents/Bu.) January March May July August September November ON-CALL COTTON (Thousand Running Bales) CERTIFICATED STOCKS (Running Bales) As of November 2, 2012 Call Week's Call Week's As of November 8, 2012 Contract Sales Change Purch. Change Stocks Review December '12 8,397 *-3,534 10,394 *-415 Galveston 3,218 3,728 March '13 12,583 *1,349 3,579 *179 Greenville 793 1,171 May '13 5,116 * *7 Houston 239 2,200 July '13 6,914 *932 5,205 *33 Memphis 11,751 4,385 October '13 58 * N. Orleans - - December '13 6,328 *932 4,999 *11 TOTAL 16,001 11,484 March ' May ' U.S. WEEKLY SPOT PRICES (cents/lb.) July ' December ' ,190 0 Week ending November 8, 2012 This Week Year Ago * Indicates changes from previous week based on revised data for last week.

2 Week Ending: Nov. 8, 2012 CFTC DISAGGREGATED COMMITMENTS OF TRADERS Options and Futures Combined As of November 6, 2012 Non Total Open Commercial Swap Dealers Commercial Interest Net Position Net Position Net Position Total 319,041 (74,260) 59,413 14,847 Weekly Change (2,441) 18,416 1,966 (20,383) Market Page 2. WORLD MARKET (Cents/Lb.) U.S. COTTON EXPORTS (Thou. 480-lb. Bales) Effective November 9 - November 15, '12 Week ending November 1, 2012 Current Forward Week Total Total Week Total AWP NA 12/13 12/13 11/12 13/14 13/14 5 Lowest Far East Quotes NA Sales , , USFE Low Quote NA Shipments , , USFE-5 Lowest Far East Quotes 0.72 NA Fine Count Adj ('11 Crop) 1.21 NA TOP 10 CUSTOMERS OF U.S. RAW COTTON (Thou. 480-Lb. Bales) Fine Count Adj ('12 Crop) 1.41 NA Coarse Count Adj 0.00 NA Country 12/13 12Share 13/14 13Share Open Quotas 13 NA CHINA 2,931 45% 4 2% LDP 0.00 NA TURKEY % % ELS Comp Pymnt 0.00 NA MEXICO % 32 12% THAILAND 273 4% 19 7% CHINA WEEKLY PRICES (cents/lb.) VIETNAM 262 4% 0 0% Week ending November 8, 2012 KOREAN REPUBLIC 180 3% 11 4% This Week Year Ago % Change INDONESIA 170 3% 13 5% A (Far East) % PAKISTAN 169 3% 0 0% CnCotton A % TAIWAN 155 2% 0 0% Polyester % PERU 130 2% 7 3% Source: A (FE) - Cotton Outlook; Other - China Cotton Website TOTAL 6, Weighted MY Avg. Farm Price 12/13 Year-to-date (Aug-Sept) cents* 11/12 Final cents** STATE OF THE ECONOMY Week ending November 8, /13 Proj cents** Thursday Last % Change * August - July price used in determination of counter-cyclical payment. Settlement Thursday YTD **11/12 projections by USDA, 12/13 projections by USDA. Dow Jones Ind. Avg. 12,811 13,233 5% CCC LOAN INTEREST RATES S&P 500 1,378 1,428 10% 1995* 1996** 10-Yr Treas. Bond Rate 1.617% 1.760% -14% October 0.125% 1.125% NASDAQ Composite 2,896 3,020 11% November 0.125% 1.125% Russell % * Applies to 1995 and prior crop loans. ** Applies to 1996 and subsequent crop loans. Japanese Nikkei Stock Avg 8,837 8,947 5% CCC LOAN STOCKS (Includes '11 & '12 Crop) Hong Kong Hang Seng 21,567 21,822 17% As of October 31, 2012 Singapore Straits Times 3,012 3,027 14% Form A Form G Total Shanghai Composite 2,072 2,104-6% Upland (Running Bales) Southeast 8, , ,140 Euro (in U.S.$) % Mid-South 237,215 1,053,155 1,290,370 Japanese Yen (per U.S.$) % Southwest , ,224 West 2,707 86,902 89,609 WTx Int Crude Oil ($/barrel) % U.S. 249,195 1,559,148 1,808,343 Diesel, Ultra-low ($/gal) % ELS Natural Gas ($/million btu) % U.S. 4,646 19,124 23,770

3 Week Ending: COTTON SUPPLY AND DEMAND (Million 480-lb. Bales) Estimates for November 2012 US World Market Page 3. U.S. COTTON TEXTILE TRADE YTD_Jul12 YTD_Jul11 (Million 480-lb. Bale Equiv.) 11/12 12/13p 11/12 12/13p Imports Beginning Stocks Exports Production Imports Total Supply Mill Use Nov. 8, 2012 US COTTONSEED SUPPLY AND DISAPPEARANCE (000 Short Tons) Marketing Year Exports /12 12/13 Total Use Beg. Stocks Ending Stocks Imports Stocks/Use Ratio 22.3% 38.7% 67.5% 75.5% Production 5,370 5,868 *11/12 estimates by USDA, 12/13 projections by USDA. Total Supply 6,059 6,398 Crush 2,400 2,600 NOVEMBER US COTTON PRODUCTION ESTIMATE, 12/13 CROP Exports Other 3,097 2,998 Yield per Total Demand 5,629 5,898 Planted Acres Harv. Acres Harv. Acre 5-Year Avg. 480-Lb. Bales End. Stocks (Thou.) 1/ (Thou.) (Lb.) Yield (Lb.) (Thou.) UPLAND USDA-ERS October Oil Crops Outlook. SOUTHEAST 2,747 2, ,385 Alabama US COTTONSEED MEAL SUPPLY AND DISAPPEARANCE Florida (000 Short Tons) Georgia 1,290 1,285 1, ,700 Marketing Year North Carolina ,100 11/12 12/13 South Carolina Beg. Stocks Virginia Imports 0 0 MID-SOUTH 2,020 1, ,070 Production 1,090 1,170 Arkansas , ,270 Total Supply 1,135 1,220 Louisiana , Consumption 990 1,085 Mississippi , Exports Missouri , Total Demand 1,085 1,170 Tennessee End. Stocks SOUTHWEST 6,962 5, ,095 Kansas USDA-ERS October Oil Crops Outlook. Oklahoma Texas 6,600 4, ,900 US COTTONSEED OIL SUPPLY AND DISAPPEARANCE WEST ,542 1,467 1,240 (Million Pounds) Arizona ,624 1, Marketing Year California ,617 1, /12 12/13 New Mexico , Beg. Stocks TOTAL UPLAND 12,121 10, ,790 Imports 10 0 TOTAL ELS ,328 1, Production Arizona 3 3 1, Total Supply California ,350 1, Domestic Consumption New Mexico Exports Texas Total Demand ALL COTTON 12,360 10, ,447 End. Stocks Source: USDA-NASS November Crop Production Report. 1/ Revised from June Acreage Report. USDA-ERS October Oil Crops Outlook.

4 Week Ending: Nov. 8, 2012 US CROP PROGRESS Market Page 4. PERCENT HARVESTED 11/4/12 10/28/12 11/4/11 5-Yr Avg Alabama Arizona Arkansas California Georgia Kansas Louisiana Mississippi Missouri North Carolina Oklahoma South Carolina Tennessee Texas Virginia US Southeast Mid-South Southwest West / These 15 states planted 99% of last year's cotton acreage. * Revised. GINNINGS REPORT As of November 1, 2012 (Running Bales) UPLAND SOUTHEAST 1,560,250 1,105,650 SOUTHWEST 1,913,700 2,005,550 Alabama 221, ,400 Kansas NA 0 Florida 39,200 20,500 Oklahoma 5,550 22,450 Georgia 684, ,650 Texas 1,908,150 1,983,100 North Carolina 445, ,450 WEST 209, ,750 South Carolina 112,250 61,600 Arizona 109, ,950 Virginia 57,850 31,050 California 92, ,350 MID-SOUTH 2,687,750 2,873,950 New Mexico 8,200 5,450 Arkansas 690, ,750 TOTAL UPLAND 6,369,050 6,212,500 Louisiana 485, ,250 TOTAL ELS 71, ,500 Mississippi 679, ,050 Arizona 1/ 1/ Missouri 361, ,300 California 68, ,100 Tennessee 471, ,600 New Mexico 1/ 1/ Texas 1/ 1/ ALL COTTON 6,440,400 6,339,000 Note: Regions may not add to total to avoid disclosure of individual gins. 1/ Not published to avoid disclosing individual gins, but included in U.S. totals.

5 Cotton Quality Report For The Week Ending November 8, 2012 SAMPLES CLASSED Quality Page 1. COLOR GRADE % 31 or Better % 41 or Better Classing Office Week Tenderable Season Tenderable Week Season Week Season Abilene 76, , Corpus Christi 28, , Dumas 144, , Florence 183, , Lamesa 67, , Lubbock 298, , Macon 254, , Memphis 347, ,966, Rayville 40, , Visalia 78, , Region Southeast 438, ,406, Mid-South 532, ,230, Southwest 470, ,423, West 78, , United States 1,519, ,337, STAPLE AND STRENGTH MICRONAIRE AND HVI TRASH Average Staple Average Strength Average Mike Average HVI Trash Classing Office Week Season Week Season Week Season Week Season Abilene Corpus Christi Dumas Florence Lamesa Lubbock Macon Memphis Rayville Visalia Region Southeast Mid-South Southwest West United States UNIFORMITY Average Uniformity Classing Average Uniformity Prepared by Economic Services Classing Office Week Season Office Week Season of the National Cotton Council. Abilene Rayville You may contact us by mail at Corpus Christi Visalia Goodlett Farms Parkway Dumas Region Cordova, TN ; Florence Southeast by phone (901) Lamesa Mid-South Lubbock Southwest Macon West Memphis United States

6 Cotton Quality Report For The Week Ending November 8, 2012 Quality Page 2. SAMPLES CLASSED COLOR GRADE % 31 or Better % 41 or Better State Week Tenderable Season Tenderable Week Season Week Season Alabama 66, , Arizona 30, , Arkansas 148, ,001, California 44, , Florida 12, , Georgia 200, , Kansas 2, , Louisiana 38, , Mississippi 118, , Missouri 97, , New Mexico 2, , North Carolina 122, , Oklahoma 8, , South Carolina 41, , Tennessee 104, , Texas 460, ,387, Virginia 18, , United States 1,519, ,337, STAPLE AND STRENGTH MICRONAIRE AND HVI TRASH Average Staple Average Strength Average Mike Average HVI Trash State Week Season Week Season Week Season Week Season Alabama Arizona Arkansas California Florida Georgia Kansas Louisiana Mississippi Missouri New Mexico North Carolina Oklahoma South Carolina Tennessee Texas Virginia United States UNIFORMITY Average Uniformity Average Uniformity Prepared by Economic Services State Week Season State Week Season of the National Cotton Council. Alabama Missouri You may contact us by mail at Arizona New Mexico Goodlett Farms Parkway Arkansas North Carolina Cordova, TN ; California Oklahoma by phone (901) Florida South Carolina Georgia Tennessee Kansas Texas Louisiana Virginia Mississippi United States

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