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Macroeconomic Environment

U.S. and World Cotton Economic Outlook September 2013 Prepared by: Economic Services National Cotton Council. Macroeconomic Environment. U.S. Real GDP Growth. U.S. Crude Oil Spot Price. U.S. #2 Diesel, Gulf Coast. Civilian Unemployment Rate. U.S. Federal Budget Surplus (CBO Projection).

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Macroeconomic Environment

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  1. U.S. and World Cotton Economic OutlookSeptember 2013Prepared by:Economic ServicesNational Cotton Council

  2. Macroeconomic Environment

  3. U.S. Real GDP Growth

  4. U.S. Crude Oil Spot Price

  5. U.S. #2 Diesel, Gulf Coast

  6. Civilian Unemployment Rate

  7. U.S. Federal Budget Surplus (CBO Projection)

  8. CBO Ag Baseline Spending

  9. Real GDP Growth in Selected Countries

  10. Euro(Currency per U.S. Dollar)

  11. Real Exchange Rate Index(Other Important Trade Partners) Federal Reserve

  12. Ag Prices Received Index

  13. U.S. Net Farm Income

  14. U.S. Cotton Supply

  15. December Cotton Futures

  16. December Corn Futures

  17. November Soybean Futures

  18. 2013 U.S. Cotton Area Thousand Acres * USDA

  19. 2013 U.S. Cotton Area Thousand Hectares * USDA

  20. U.S. Cotton Production

  21. U.S. Cotton Supply

  22. U.S. Cotton Demand

  23. Net Domestic Fiber Consumption

  24. Cotton’s Share of Fiber Consumption

  25. U.S. Cotton Retail Consumption

  26. Components of Retail Fiber Consumption

  27. U.S. Cotton Textile Imports

  28. U.S. Cotton Content in Textile Imports

  29. U.S. Cotton Product Trade with Mexico

  30. U.S. Cotton Product Trade with CBI

  31. U.S. Cotton Product Imports from China

  32. U.S. Cotton Mill Use (Calendar Year)

  33. U.S. Cotton Mill Use (Marketing Year)

  34. U.S. Cotton Production & Use

  35. The World Market & U.S. Cotton Exports

  36. China Cotton Supply & Use

  37. World Cotton Production

  38. World Fiber Mill Use *PCI

  39. Fiber Prices

  40. World Cotton Mill Use

  41. Foreign Cotton Production & Use

  42. U.S. Cotton Exports

  43. World Cotton Ending Stocks

  44. Cotton Stocks/Use(World less China)

  45. U.S. Supply and DemandMillion Bales Beginning Stocks 3.35 3.90 Production 17.32 12.90 Imports 0.01 0.01 Total Supply 20.68 16.81 Mill Use 3.50 3.50 Exports 13.03 10.40 Total Offtake 16.53 13.90 Ending Stocks 3.90 2.90 Stocks-to-Use Ratio 23.6% 20.9% 2012/13e 2013/14p

  46. U.S. Supply and DemandMillion Metric Tons Beginning Stocks 0.73 0.85 Production 3.77 2.81 Imports 0.00 0.00 Total Supply 4.51 3.66 Mill Use 0.76 0.76 Exports 2.84 2.27 Total Offtake 3.60 3.03 Ending Stocks 0.85 0.63 Stocks-to-Use Ratio 23.6% 20.9% 2012/13e 2013/14p

  47. World Supply and DemandMillion Bales Beginning Stocks 71.77 86.04 Production 121.04 117.42 Imports 46.43 38.93 Mill Use 107.27 109.53 Exports 46.74 38.96 Ending Stocks 86.04 94.73 Stocks-to-Use Ratio 80.2% 86.5% 2012/13e 2013/14p

  48. World Supply and DemandMillion Metric Tons Beginning Stocks 15.64 18.75 Production 26.37 25.58 Imports 10.12 8.48 Mill Use 23.37 23.86 Exports 10.18 8.49 Ending Stocks 18.75 20.64 Stocks-to-Use Ratio 80.2% 86.5% 2012/13e 2013/14p

  49. Producers Cooperatives Warehouses Manufacturers Ginners Cottonseed Merchants

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