08 Cotton Yield Has 2/3 Probability Between 13 Million 100 Thousand And 14 Million 300 Thousand.
The US Department of agriculture's output forecast report in October showed that the total output of US cotton in 2008 was 13 million 700 thousand packs, 1% less than that in September (135 thousand packs), and 29% lower than that in 2007/08. Among them, the yield of upland cotton is expected to be close to 13 million 300 thousand packs - 127 thousand less than that reported in September - and the output of Super Long Cotton (ELS) is expected to be 451 thousand packs - down by 8000 packets.
In the past 20 years, the forecast for October was 16 times lower than the final output, and 4 times higher than the final output. In addition, the difference between the October forecast and the final output showed that the probability of 2/3 in the US cotton market in 2008 was between 1310 and 14 million 300 thousand.
In 2008, the output of regional upland cotton was lower than that of previous years. Compared with last month's forecast, three cotton production in four cotton regions is expected to decline in the October report.
The expected yield of the delta cotton region is reduced by 4%, about 3 million 700 thousand packs, the lowest yield since 1986. Losses from hurricanes will offset production growth in Missouri and Tennessee. Secondly, the cotton production area expected to reduce production in October is also in the southwest and western regions. On the contrary, cotton production in the southeastern region increased by nearly 3 million 200 thousand packs, an increase of 2% over the September forecast. Despite the forecast increase in October, the region's output was the lowest in 15 years. The planting area is also the lowest since 1993. However, the yield of cotton in the southeastern cotton region reached 788 pounds per mu, which is the third record in history.
It is estimated that the total harvest area in 2008 is only 7 million 800 thousand acres, the lowest in 25 years, and the abandoned area is the highest in 18 years. Based on this, the single cotton production in the United States in 2008 was only 849 pounds / acre, 30 pounds less than the previous year, but it is still the third highest yield record in history. As of October 5th, the harvest rate of cotton harvested in the United States was only 16%, lower than the 26% and 5 annual average of 24% in the same period in 2007. Most of the states in the United States have delayed their harvest, especially in Mississippi and Arkansas. The overall situation in early October was similar to that of last year, and 50% reached "good" or "excellent", but 20% were "poor" or "poor".
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