New crop U.S. cotton stocks climb, rice dips

Published Jun 13, 2024

Tridge summary

The USDA has made slight revisions to the ending stocks estimates for domestic new crop cotton and rice. The rice carryout for the next marketing year is now estimated at 44.5 million hundredweight, a decrease of 1 million from May due to higher old crop export projections. New crop cotton ending stocks are expected to be 4.1 million bales, an increase of 400,000 from last month, with a raised old crop domestic use figure and reduced exports. Globally, both old and new crop rice ending stocks have decreased, while old and new crop cotton ending stocks have increased. The USDA will release its next supply and demand estimates on July 12th.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The USDA made modest adjustments to the domestic new crop cotton and rice ending stocks estimates.The rice carryout for next marketing year is now pegged at 44.5 million hundredweight, down 1 million from May on a larger old crop export guess, now at 95 million hundredweight, including 43 million hundredweight of rough rice and 52 million hundredweight of milled rice.New crop cotton ending stocks are seen at 4.1 million bales, 400,000 higher than last month with the USDA raising old crop domestic use to 1.85 million bales while cutting ...
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