WASDE: U.S. cotton Supply & Demand Forecasts Show Slightly Higher Exports & Lower Ending Stocks

COTTON: The 2016/17 U.S. cotton supply and demand forecasts show slightly higher exports and lower ending stocks relative to last month. Production and domestic mill use are unchanged. The export forecast is raised 200,000 bales to 12.7 million based on strong export sales during January. Ending stocks are now estimated at 4.8 million bales, equivalent to 30 percent of total disappearance. The marketing year average price received by producers is projected to average between 67 and 71 cents per pound, an increase of 2 cents on both ends of the range, as recent market prices have exceeded previous expectations. The 2016/17 world c otton forecasts incl ude slightly higher consumpti on and lo er ending stocks. World production is virtually unch anged fro m last mon th, as a higher estimate f or China i mostly offset by lo wer expectations fo Pakistan, Uzbekistan, and Turkm enistan. Global co nsumption is foreca st higher, due mainl y to increa ses for India, Bangladesh, a nd Vietnam. World ending stocks are now proje cted at 89.9 million bales.

 

Video: What’s at Stake in Every Slice | On The Brink: Episode 7

Six hundred Canadian farms grow grain for Warburton's under custom contract — and that partnership exists because of Canadian plant breeding. Now the man responsible for maintaining it is sounding the alarm.

Adam Dyck is the program manager for Warburton's Canada, a company that produces over two million loaves of bread a day for more than 20,000 retail locations across the UK. He's watched Canadian wheat deliver thirty years of yield gains and quality advancements that make it worth sourcing at scale — and shipping across the Atlantic. But he's also watching the investment conditions that produced those gains come under pressure. Dyck makes the case for a new funding mechanism that brings both public and private dollars into wheat breeding before Canada's competitive window starts to close.