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-12 69.26 70.21-0.95 71.10 69.03 106.50 64.61 March-13 70.34 71.50-1.16 72.34 70.02 134.62 66.85 May-13 71.58 72.74-1.16 73.35 71.22 106.46 68.19 July-13 72.52 73.88-1.36 74.30 72.15 106.96 69.95 October-13 74.14 75.46-1.32 75.37 74.14 107.04 69.69 December-13 74.56 76.12-1.56 76.31 74.35 107.36 70.70 March-14 75.56 77.07-1.51 77.10 75.56 106.52 69.29 May-14 74.73 76.00-1.27 75.85 74.73 106.52 68.88 July-14 73.81 74.11-0.30 74.45 73.81 103.32 68.99 CHICAGO CORN FUTURES (Cents/Bu.) December-12 741.25 751.00-9.75 750.00 733.25 840.00 387.25 March-13 743.25 753.50-10.25 749.50 737.00 838.00 501.75 May-13 740.25 749.50-9.25 742.50 735.50 829.00 507.75 July-13 731.00 740.00-9.00 733.75 725.00 815.00 440.75 September-13 655.00 666.25-11.25 660.00 652.50 695.75 504.00 CHICAGO SOYBEAN FUTURES (Cents/Bu.) January-13 1495.75 1560.00-64.25 1543.00 1493.00 1767.00 1065.50 March-13 1476.50 1533.50-57.00 1503.75 1476.50 1715.00 1065.50 May-13 1456.00 1493.00-37.00 1471.25 1456.00 1636.75 1065.50 July-13 1441.50 1474.00-32.50 1454.00 1440.50 1594.00 999.00 August-13 1411.25 1437.00-25.75 1419.25 1407.75 1555.00 1065.50 September-13 1371.75 1390.25-18.50 1378.50 1366.75 1475.00 1065.50 November-13 1337.75 1349.25-11.50 1346.25 1334.25 1397.75 922.50 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 *416 325 *7 Houston 239 2,200 July '13 6,914 *932 5,205 *33 Memphis 11,751 4,385 October '13 58 *0 26 0 N. Orleans - - December '13 6,328 *932 4,999 *11 TOTAL 16,001 11,484 March '14 723 0 265 0 May '14 18 0 0 0 U.S. WEEKLY SPOT PRICES (cents/lb.) July '14 18 0 353 0 December '14 18 0 2,190 0 Week ending November 8, 2012 This Week Year Ago 3135 70.54 98.84 4134 65.75 95.34 * Indicates changes from previous week based on revised data for last week.
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 59.98 NA 12/13 12/13 11/12 13/14 13/14 5 Lowest Far East Quotes 80.23 NA Sales 278.9 6,548.8 8,855.9 5.8 280.3 USFE Low Quote 80.95 NA Shipments 132.4 2,097.7 1,334.3 0.0 0.0 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 763 12% 124 44% ELS Comp Pymnt 0.00 NA MEXICO 753 11% 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) 80.23 107.15-25% PAKISTAN 169 3% 0 0% CnCotton A 141.82 148.04-4% TAIWAN 155 2% 0 0% Polyester 75.16 83.30-10% PERU 130 2% 7 3% Source: A (FE) - Cotton Outlook; Other - China Cotton Website TOTAL 6,549 280 Weighted MY Avg. Farm Price 12/13 Year-to-date (Aug-Sept) 71.00 cents* 11/12 Final 88.30 cents** STATE OF THE ECONOMY Week ending November 8, 2012 12/13 Proj. 64.00-72.00 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 2000 794 828 7% * 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 8,399 180,741 189,140 Euro (in U.S.$) 1.27 1.29-2% Mid-South 237,215 1,053,155 1,290,370 Japanese Yen (per U.S.$) 79.48 80.14 3% Southwest 874 238,350 239,224 West 2,707 86,902 89,609 WTx Int Crude Oil ($/barrel) 85.09 87.09-14% U.S. 249,195 1,559,148 1,808,343 Diesel, Ultra-low ($/gal) 3.15 3.16 6% ELS Natural Gas ($/million btu) 3.44 3.51 16% U.S. 4,646 19,124 23,770
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 9.65 10.48 Beginning Stocks 2.6 3.4 48.7 69.6 Exports 1.99 2.35 Production 15.6 17.5 124.3 116.8 Imports 0.0 0.0 44.8 36.6 Total Supply 18.2 20.8 217.8 223.1 Mill Use 3.3 3.4 103.2 106.3 Nov. 8, 2012 US COTTONSEED SUPPLY AND DISAPPEARANCE (000 Short Tons) Marketing Year Exports 11.7 11.6 45.3 36.6 11/12 12/13 Total Use 15.0 15.0 148.5 142.9 Beg. Stocks 618 430 Ending Stocks 3.4 5.8 69.6 80.3 Imports 72 100 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 133 300 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 430 500 (Thou.) 1/ (Thou.) (Lb.) Yield (Lb.) (Thou.) UPLAND USDA-ERS October Oil Crops Outlook. SOUTHEAST 2,747 2,728 948 789 5,385 Alabama 380 377 840 676 660 US COTTONSEED MEAL SUPPLY AND DISAPPEARANCE Florida 108 105 960 760 210 (000 Short Tons) Georgia 1,290 1,285 1,009 826 2,700 Marketing Year North Carolina 585 580 910 780 1,100 11/12 12/13 South Carolina 298 296 876 797 540 Beg. Stocks 45 50 Virginia 86 85 988 811 175 Imports 0 0 MID-SOUTH 2,020 1,965 994 913 4,070 Production 1,090 1,170 Arkansas 590 580 1,051 985 1,270 Total Supply 1,135 1,220 Louisiana 230 220 1,004 823 460 Consumption 990 1,085 Mississippi 470 460 1,012 924 970 Exports 95 85 Missouri 350 330 975 1,006 670 Total Demand 1,085 1,170 Tennessee 380 375 896 768 700 End. Stocks 50 50 SOUTHWEST 6,962 5,127 571 702 6,095 Kansas 57 52 415 653 45 USDA-ERS October Oil Crops Outlook. Oklahoma 305 175 411 770 150 Texas 6,600 4,900 578 700 5,900 US COTTONSEED OIL SUPPLY AND DISAPPEARANCE WEST 392 386 1,542 1,467 1,240 (Million Pounds) Arizona 200 198 1,624 1,502 670 Marketing Year California 142 141 1,617 1,537 475 11/12 12/13 New Mexico 50 47 970 1,094 95 Beg. Stocks 165 100 TOTAL UPLAND 12,121 10,206 790 805 16,790 Imports 10 0 TOTAL ELS 239 237 1,328 1,324 657 Production 755 830 Arizona 3 3 1,120 930 7 Total Supply 930 930 California 225 224 1,350 1,379 630 Domestic Consumption 565 700 New Mexico 3 3 828 814 5 Exports 265 130 Texas 8 8 960 899 15 Total Demand 830 830 ALL COTTON 12,360 10,443 802 817 17,447 End. Stocks 100 100 Source: USDA-NASS November Crop Production Report. 1/ Revised from June Acreage Report. USDA-ERS October Oil Crops Outlook.
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 59 43 58 65 Arizona 33 30 47 51 Arkansas 97 90 92 81 California 70 38 62 56 Georgia 53 37 59 49 Kansas 45 27 31 24 Louisiana 99 98 100 87 Mississippi 90 80 94 81 Missouri 83 70 87 79 North Carolina 48 34 70 65 Oklahoma 59 45 39 38 South Carolina 51 36 67 60 Tennessee 86 71 83 76 Texas 56 42 61 43 Virginia 49 45 74 73 US 64 50 68 58 Southeast 52 37 63 57 Mid-South 91 82 91 80 Southwest 56 42 60 43 West 57 35 57 54 1/ These 15 states planted 99% of last year's cotton acreage. * Revised. GINNINGS REPORT As of November 1, 2012 (Running Bales) UPLAND 2011 2012 2011 2012 SOUTHEAST 1,560,250 1,105,650 SOUTHWEST 1,913,700 2,005,550 Alabama 221,200 181,400 Kansas NA 0 Florida 39,200 20,500 Oklahoma 5,550 22,450 Georgia 684,750 564,650 Texas 1,908,150 1,983,100 North Carolina 445,000 246,450 WEST 209,800 227,750 South Carolina 112,250 61,600 Arizona 109,100 101,950 Virginia 57,850 31,050 California 92,500 120,350 MID-SOUTH 2,687,750 2,873,950 New Mexico 8,200 5,450 Arkansas 690,550 943,750 TOTAL UPLAND 6,369,050 6,212,500 Louisiana 485,150 408,250 TOTAL ELS 71,350 126,500 Mississippi 679,350 575,050 Arizona 1/ 1/ Missouri 361,600 468,300 California 68,900 126,100 Tennessee 471,100 478,600 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.
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 76,455 51.6 463,883 50.1 66.4 47.8 72.7 54.1 Corpus Christi 28,358 60.1 912,264 52.4 43.2 72.5 65.3 87.3 Dumas 144,448 54.6 821,428 49.0 20.6 22.6 95.3 92.9 Florence 183,551 83.7 484,397 78.4 35.8 28.5 94.9 92.2 Lamesa 67,887 62.3 229,284 65.9 90.2 85.2 90.9 86.0 Lubbock 298,050 57.5 817,702 59.4 91.7 84.5 91.8 84.7 Macon 254,763 75.1 922,236 63.7 48.4 34.7 93.9 85.2 Memphis 347,219 50.2 1,966,046 43.6 30.4 29.5 95.9 93.7 Rayville 40,510 68.4 442,569 55.8 24.6 26.7 92.3 90.8 Visalia 78,629 88.9 277,717 87.0 95.4 92.4 95.7 92.9 Region Southeast 438,314 78.7 1,406,633 68.8 43.1 32.6 94.3 87.6 Mid-South 532,177 52.8 3,230,043 46.6 27.3 27.4 95.5 93.1 Southwest 470,750 57.4 2,423,133 55.6 84.5 73.0 87.0 79.9 West 78,629 88.9 277,717 87.0 95.4 92.4 95.7 92.9 United States 1,519,870 61.1 7,337,526 54.1 53.1 45.9 92.5 87.7 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 34.6 34.0 29.6 28.9 42.0 43.0 0.3 0.4 Corpus Christi 35.7 34.8 30.1 29.8 46.0 48.0 0.4 0.3 Dumas 36.1 36.1 30.6 30.6 48.0 49.0 0.5 0.5 Florence 35.8 35.8 29.1 29.2 46.0 46.0 0.4 0.4 Lamesa 35.4 35.1 31.0 30.3 41.0 42.0 0.3 0.3 Lubbock 35.8 35.4 30.7 30.1 39.0 40.0 0.3 0.3 Macon 36.0 35.8 29.3 29.0 47.0 48.0 0.4 0.4 Memphis 35.8 35.8 30.8 30.9 49.0 49.0 0.4 0.4 Rayville 35.5 35.4 29.5 29.3 48.0 49.0 0.4 0.4 Visalia 36.8 36.8 31.7 31.8 44.0 44.0 0.2 0.2 Region Southeast 35.9 35.8 29.2 29.1 46.6 47.3 0.3 0.4 Mid-South 35.9 35.8 30.6 30.6 48.7 49.0 0.4 0.5 Southwest 35.5 34.9 30.5 29.8 40.2 43.8 0.3 0.3 West 36.8 36.8 31.7 31.8 44.0 44.0 0.2 0.2 United States 35.8 35.5 30.3 30.1 45.2 46.8 0.3 0.4 UNIFORMITY Average Uniformity Classing Average Uniformity Prepared by Economic Services Classing Office Week Season Office Week Season of the National Cotton Council. Abilene 80.0 79.9 Rayville 81.2 81.1 You may contact us by mail at Corpus Christi 81.9 81.5 Visalia 81.7 81.7 7193 Goodlett Farms Parkway Dumas 81.6 81.5 Region Cordova, TN 38016 ; Florence 81.7 81.7 Southeast 81.6 81.5 by phone (901)274-9030. Lamesa 80.2 80.1 Mid-South 81.4 81.4 Lubbock 80.0 79.9 Southwest 80.1 80.5 Macon 81.5 81.4 West 81.7 81.7 Memphis 81.4 81.4 United States 81.1 81.1
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 66,251 75.2 223,643 65.8 52.9 44.9 93.7 86.2 Arizona 30,961 78.1 116,592 74.2 92.9 84.1 93.4 85.2 Arkansas 148,729 43.4 1,001,028 39.9 10.9 15.3 93.2 92.5 California 44,769 97.2 156,022 96.6 96.9 98.3 97.0 98.4 Florida 12,237 68.6 30,831 62.3 55.0 41.0 85.7 76.7 Georgia 200,731 77.3 754,980 65.4 48.6 34.2 95.3 86.8 Kansas 2,384 45.1 7,670 35.6 91.5 59.5 95.4 65.4 Louisiana 38,528 67.8 423,956 55.3 24.7 26.9 92.8 91.0 Mississippi 118,675 59.4 640,169 52.6 25.0 26.7 94.6 92.0 Missouri 97,564 46.2 528,141 42.5 22.2 24.9 97.4 96.0 New Mexico 2,770 73.9 4,937 84.3 99.5 99.6 99.6 99.7 North Carolina 122,830 84.3 342,281 79.2 31.1 26.2 94.3 91.6 Oklahoma 8,285 53.5 28,569 61.1 65.2 61.7 67.1 67.2 South Carolina 41,791 84.2 97,537 77.9 50.9 39.8 97.2 94.4 Tennessee 104,225 50.4 549,531 43.1 50.0 48.0 97.6 93.8 Texas 460,210 57.5 2,387,060 55.6 84.8 73.2 87.3 80.1 Virginia 18,930 79.0 44,579 73.1 33.0 22.1 94.1 92.6 United States 1,519,870 61.1 7,337,526 54.1 53.1 50.4 92.3 88.6 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 35.8 35.8 29.3 29.2 47.0 47.0 0.4 0.4 Arizona 35.8 35.7 29.3 29.3 46.0 46.0 0.2 0.2 Arkansas 36.2 36.1 31.4 31.2 49.0 50.0 0.5 0.5 California 37.5 37.6 33.5 33.6 43.0 43.0 0.2 0.2 Florida 36.2 36.0 28.8 28.5 48.0 48.0 0.3 0.4 Georgia 36.0 35.9 29.3 29.0 47.0 48.0 0.4 0.4 Kansas 33.7 33.3 28.0 28.3 42.0 45.0 0.4 0.4 Louisiana 35.5 35.4 29.5 29.3 48.0 49.0 0.4 0.4 Mississippi 36.1 36.0 30.4 30.4 48.0 49.0 0.5 0.5 Missouri 36.1 36.0 31.5 31.3 49.0 50.0 0.4 0.4 New Mexico 36.1 36.3 29.3 29.1 44.0 43.0 0.2 0.2 North Carolina 35.7 35.8 29.0 29.1 45.0 46.0 0.4 0.4 Oklahoma 34.9 34.7 30.3 30.1 42.0 43.0 0.3 0.3 South Carolina 36.0 36.0 29.3 29.4 46.0 47.0 0.4 0.4 Tennessee 35.1 35.0 30.0 30.1 49.0 50.0 0.4 0.4 Texas 35.6 34.9 30.5 29.8 40.0 44.0 0.3 0.3 Virginia 36.0 36.0 29.5 29.6 46.0 46.0 0.5 0.5 United States 35.8 35.8 30.4 29.9 45.1 46.5 0.4 0.4 UNIFORMITY Average Uniformity Average Uniformity Prepared by Economic Services State Week Season State Week Season of the National Cotton Council. Alabama 81.5 81.4 Missouri 81.6 81.6 You may contact us by mail at Arizona 81.0 80.9 New Mexico 81.4 81.3 7193 Goodlett Farms Parkway Arkansas 81.5 81.5 North Carolina 81.6 81.7 Cordova, TN 38016 ; California 82.2 82.3 Oklahoma 80.0 79.9 by phone (901)274-9030. Florida 81.9 81.8 South Carolina 81.7 81.7 Georgia 81.5 81.4 Tennessee 81.1 81.2 Kansas 79.9 79.9 Texas 80.1 80.5 Louisiana 81.2 81.1 Virginia 82.2 82.2 Mississippi 81.5 81.5 United States 81.1 81.4