WASDE: U.S. Cotton Estimates Slightly Higher Production & Ending Stocks.

Nov 09, 2016

COTTON: This month’s 2016/17 U.S. cotton estimates include slightly higher production and ending stocks, as a larger Texas crop is partially offset by decreases for the Southeast. Domestic mill use and exports are unchanged. U.S. ending stocks are now estimated at 4.5 million bales, equivalent to 29 percent of total disappearance. The forecast range for the marketing year average price received by producers of 63.0 to 71.0 cents per pound is raised on both ends. The midpoint of 67 cents per pound- 6 cents above the revised 2015/16 average price of 61.2 cents- reflects activity to date. The world 2016/17 cotton estimates show larger production and ending stocks, due mainly to a 500,000-bale increase for the India crop. Forecast world consumption is virtually unchanged. World trade is raised slightly on a higher India export forecast. World stocks are now projected at 88.3 million bales.

Video: Plot Day

Border View Farms is a mid-sized family farm that sits on the Ohio-Michigan border. My name is Nathan. I make and edit all of the videos posted here. I farm with my dad, Mark and uncle, Phil. We also have a part-time employee, Brock. My dad started the farm in 1980. Since then we have grown the operation from just a couple hundred acres to over 3,000. Watch my 500th video for a history of our farm I filmed with my dad.

I started making these videos in the fall of 2019 as a way to help show what I do on a daily basis as a farmer. Agriculture is different from any other industry and I believe the more people that are showing their small piece of agriculture, helps to build our story. We face unique challenges and stressful situations but have some of the most rewarding payoffs in the end. I get to spend everyday doing what I love, raising my kids on the farm, and trying to push our farm to be better every year. I hope that I can address questions or concerns that you might have about farms and agriculture.

I hope you enjoy my content and ask questions as you have them. I do my best to answer anything I can. Thanks for watching!

I appreciate you subscribing to my channel and liking my videos. You can also find me on Facebook facebook.com/borderviewfarms and on Instagram @borderviewfarms