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Cottonseed Outlook 2003/04

Cottonseed Outlook 2003/04. Ben Morgan National Cottonseed Products Association, Inc. Gross Domestic Product % Change. What Happened??. U.S. Cotton Production USDA 8/12/03. Cotton Production USDA / NCPA Est. 8/12/02 (000 bales). Cottonseed Supply USDA / NCPA Est. 8/12/03 (000 tons).

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Cottonseed Outlook 2003/04

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  1. Cottonseed Outlook 2003/04 Ben Morgan National Cottonseed Products Association, Inc.

  2. Gross Domestic Product% Change

  3. What Happened??

  4. U.S. Cotton ProductionUSDA 8/12/03

  5. Cotton ProductionUSDA / NCPA Est. 8/12/02(000 bales)

  6. Cottonseed SupplyUSDA / NCPA Est. 8/12/03(000 tons)

  7. Cottonseed Production/Bale

  8. Cotton Linter Exports(Oct – Sep year / metric tons)

  9. Crush Factors

  10. Crush Factors

  11. Crush Factors

  12. Crush Factors

  13. Crush Factors

  14. Australian Cotton Production

  15. Malaysian Palm Oil Production

  16. Crush Factors

  17. Crush Factors

  18. NCPA Activities • Monitoring whole cottonseed definition in California – likely to set a limit of 15% FFA • Project to consider acetone extraction process

  19. This Just In • YTD Crush = 2.499 million tons • Ending seed stocks = 383,580 tons • Oil Mill Receipts = 3.1 million tons • Based on NCPA’s July Survey of Oil Mill Members

  20. CA Cottonseed S&D

  21. Cottonseed Supply(000 tons, USDA Aug ‘03)

  22. Cottonseed Demand(000 tons, USDA, Aug ‘03)

  23. LINTER PRODUCTION(Based on current forecast & NCPA data)

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