Cotton Situation, Vol. 254: February 1972 (Classic Reprint)

Name: Cotton Situation, Vol. 254: February 1972 (Classic Reprint)
Brand: Forgotten Books
Availability: OutOfStock
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By Service, United States Economic Research

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Excerpt from Cotton Situation<br/><br/>Farmers intend to plant about million acres of upland cotton in 197 2, about 7 percent above last year and about a fifth above average 1966-70 plantings, according to a January survey. The increase is largely in response to sharply higher cotton prices this season. Farm prices for upland cotton have increased steadily as production prospects have deteriorated and supplies have tightened. Farmers' prices averaged 28 cents per pound to January 1, about 5 cents or a fifth above the level on a comparable net weight basis. Spot market cotton prices paralleled this gain as quotations on most qualities rose sharply. In comparison with early prices generally ranged from about 15 percent higher for the longer staples to a fourth higher for the shorter staples. With this season's higher cotton prices spurring larger plantings, upland cotton production may increase substantially. If farmers obtain the 1966-70 average yield of 422 pounds per planted acre, output would gain at least a tenth from the below-average 1971 level. Still, supplies would remain tight because of the small carryover expected this summer. A 3 million-bale carryover this summer appears likely. Disappearance this season, although down from last, may total at least million bales above the 1971 crop. Thus, stocks likely will fall well below last August's 4 million bales.

Product details

Binding:: Paperback
Number of Pages:: 48
Release Date:: 2018-09-08
Publication Date:: 2018-09-08
Publisher:: Forgotten Books
Languages:: Published: English, Original: English
ISBN10:: 1390505545
Weight:: 77 g

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