Cotton Acreage For 2011 Could Be Up 14%, Based On Preliminary Survey By NCC

Prevailing wisdom has been putting cotton plantings in the U.S. up 15% to 20%. The National Cotton Council's (NCC) winter planting intentions survey report nudges the bottom of that range at nearly 14%, with a total anticipated acreage of 12.5 million.

Here's NCC's announcement with regional observations.

NCC Vice President Gary Adams emphasized that, “the cotton market is currently calling for more acres. However, competing crop prices are also strong. Final acreage decisions will be sensitive to how relative prices move between now and planting time. This, along with a number of other issues, including weather, could cause actual plantings to differ from growers’ stated intentions.”