Title: Macroeconomic
1(No Transcript)
2Macroeconomic Environment
3OK-WTX Crude Oil Spot Price
Source Energy Information Administration
42 Diesel Fuel Retail Price
Source Energy Information Administration
5World Economic Growth
6 Change in Value of US
7US Federal Budget Surplus
CBO Jan. 06 Forecast
8US Net Farm Income
9US Cotton Demand
10US Cotton Textile Imports
11US Cotton Textile Imports
12Cotton Textile Imports from China
13US Cotton Mill Use
14Mill Use Textile Exports
Mill Use
Textile Exports
15The International Market
16China Cotton Supply Use
17India Cotton Supply Use
18World Cotton Imports
02-04 Avg 2005e 2006f
Total 32.38 42.41 41.25
China 6.11 17.00 16.75
19World Cotton Imports
02-04 Avg 2005e 2006f
Total 32.38 42.41 41.25
China 6.11 17.00 16.75
Turkey 2.68 3.50 3.14
Mexico 2.00 1.40 1.30
20World Cotton Imports
02-04 Avg 2005e 2006f
Total 32.38 42.41 41.25
China 6.11 17.00 16.75
Turkey 2.68 3.50 3.14
Mexico 2.00 1.40 1.30
Pakistan 1.47 1.70 2.33
EU 3.40 2.68 2.31
All Others 16.72 16.13 15.42
21World Cotton Exports
2006/07 41.25 Mil Bales
2005/06 41.85 Mil Bales
IN
IN
22World Cotton Exports
2006/07 41.25 Mil Bales
2005/06 41.85 Mil Bales
IN
IN
BR
BR
23World Cotton Exports
2006/07 41.25 Mil Bales
2005/06 41.85 Mil Bales
IN
IN
BR
BR
AU
AU
24World Cotton Exports
2006/07 41.25 Mil Bales
2005/06 41.85 Mil Bales
IN
IN
BR
BR
AU
AU
W Afr
W Afr
25World Cotton Exports
2006/07 41.25 Mil Bales
2005/06 41.85 Mil Bales
IN
IN
BR
BR
AU
AU
W Afr
W Afr
FSU
FSU
26World Cotton Exports
2006/07 41.25 Mil Bales
2005/06 41.85 Mil Bales
IN
IN
BR
BR
AU
AU
W Afr
W Afr
FSU
FSU
Others
Others
27World Cotton Exports
2006/07 41.25 Mil Bales
2005/06 41.85 Mil Bales
IN
IN
BR
BR
AU
AU
US
US
W Afr
W Afr
FSU
FSU
Others
Others
28US Cotton Supply
292006 US Planting Intentions
2005 Actual 2006 Intentions Percent Change
Southeast 3,030 3,129 3.3
Mid-South 3,950 4,193 6.2
Southwest 6,229 6,250 0.3
West 716 551 -23.0
Total Upland 13,925 14,123 1.4
ELS 270 312 15.2
All Cotton 14,195 14,435 1.7
30US Cotton Production
31US Cotton Production Use
Mill Use
Exports
32World Cotton Supply Demand
Production
Mill Use
33World Cotton Stocks
34Nearby NY and A (NE) Index
35(No Transcript)