Influential Factors
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description
Influential Factors. Prevailing Market Conditions Cotton: 50 to 55 ¢ range ( 2008 -20 cents ) Corn: $4.50 ( 2008 -$0.50 ) Soybeans: near $10.00 ( 2008 -$3.00 ) Cost of Production Crop Rotations Corn to Fuel Prices Weather. Influential Factors. 2009 Southeast Acreage. Thousand Acres. - PowerPoint PPT Presentation
Transcript of Influential Factors
Influential Factors• Prevailing Market Conditions
– Cotton: 50 to 55¢ range (2008 -20 cents)– Corn: $4.50 (2008 -$0.50)– Soybeans: near $10.00 (2008 -$3.00)
• Cost of Production
• Crop Rotations
• Corn to Fuel Prices
• Weather
Influential Factors
Alabama 290 193 -33.3 Florida 67 69 2.5 Georgia 940 782 -16.8 North Carolina 430 379 -11.9South Carolina 135 110 -18.4 Virginia 61 47 -22.8
Southeast 1,923 1,580 -17.8
2009 Southeast Acreage
2008 2009 % Actual Intended Change
Total may not add due to rounding.
Thousand Acres
Arkansas 620 441 -28.8 Louisiana 300 222 -26.0 Mississippi 365 268 -26.5 Missouri 306 234 -23.6 Tennessee 285 272 -4.4
Mid-South 1,876 1,438 -23.4
2009 Mid-South Acreage
2008 2009 % Actual Intended Change
Total may not add due to rounding.
Thousand Acres
Kansas 35 38 7.2 Oklahoma 170 167 -1.7 Texas 5,000 4,542 -9.2
Southwest 5,205 4,746 -8.8
2009 Southwest Acreage
2008 2009 % Actual Intended Change
Total may not add due to rounding.
Thousand Acres
Arizona 135 126 -6.9 California 120 54 -55.4 New Mexico 37 22 -39.7
West 292 202 -31.0
2009 West Acreage
2008 2009 % Actual Intended Change
Total may not add due to rounding.
Thousand Acres
Arizona 1 1 25.0 California 155 119 -23.0 New Mexico 3 2 -27.1 Texas 16 19 24.3
ELS 174 142 -18.6
2009 ELS AcreageThousand Acres
2008 2009 % Actual Intended Change
Total may not add due to rounding.
Southeast 1,923 1,580 -17.8Mid-South 1,876 1,438 -23.4 Southwest 5,205 4,746 -8.8 West 292 202 -31.0
ALL UPLAND 9,296 7,965 -14.3
ALL ELS 174 142 -18.6
ALL COTTON 9,470 8,107 -14.4
2009 U.S. Planting Intentions
2008 2009 % Actual Intended Change
Total may not add due to rounding.
Thousand Acres
U.S. Cotton Production
* National Average Abandonment Rate: 9.4%** National Average Yield: 756 lbs/planted acre, 834 lbs./harvested acre
Million Bales
18.26
23.25 23.8921.59
19.03
12.7613.04
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Million Tons
6.66
8.20 8.177.35
6.59
4.354.43
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U.S. Cottonseed Production
*Average Seed-to-Lint Ratio: 1.43
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Futures Prices
Peak ResponsePeriod
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Indexed Futures PricesRelative to January 2, 2009
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