Influential Factors• Prevailing Market Conditions
– Cotton: 50 to 55¢ range (2008 -20 cents)– Corn: $4.50 (2008 -$0.50)– Soybeans: near $10.00 (2008 -$3.00)
• Cost of Production
• Crop Rotations
• Corn to Fuel Prices
• Weather
Influential Factors
Alabama 290 193 -33.3 Florida 67 69 2.5 Georgia 940 782 -16.8 North Carolina 430 379 -11.9South Carolina 135 110 -18.4 Virginia 61 47 -22.8
Southeast 1,923 1,580 -17.8
2009 Southeast Acreage
2008 2009 % Actual Intended Change
Total may not add due to rounding.
Thousand Acres
Arkansas 620 441 -28.8 Louisiana 300 222 -26.0 Mississippi 365 268 -26.5 Missouri 306 234 -23.6 Tennessee 285 272 -4.4
Mid-South 1,876 1,438 -23.4
2009 Mid-South Acreage
2008 2009 % Actual Intended Change
Total may not add due to rounding.
Thousand Acres
Kansas 35 38 7.2 Oklahoma 170 167 -1.7 Texas 5,000 4,542 -9.2
Southwest 5,205 4,746 -8.8
2009 Southwest Acreage
2008 2009 % Actual Intended Change
Total may not add due to rounding.
Thousand Acres
Arizona 135 126 -6.9 California 120 54 -55.4 New Mexico 37 22 -39.7
West 292 202 -31.0
2009 West Acreage
2008 2009 % Actual Intended Change
Total may not add due to rounding.
Thousand Acres
Arizona 1 1 25.0 California 155 119 -23.0 New Mexico 3 2 -27.1 Texas 16 19 24.3
ELS 174 142 -18.6
2009 ELS AcreageThousand Acres
2008 2009 % Actual Intended Change
Total may not add due to rounding.
Southeast 1,923 1,580 -17.8Mid-South 1,876 1,438 -23.4 Southwest 5,205 4,746 -8.8 West 292 202 -31.0
ALL UPLAND 9,296 7,965 -14.3
ALL ELS 174 142 -18.6
ALL COTTON 9,470 8,107 -14.4
2009 U.S. Planting Intentions
2008 2009 % Actual Intended Change
Total may not add due to rounding.
Thousand Acres
U.S. Cotton Production
* National Average Abandonment Rate: 9.4%** National Average Yield: 756 lbs/planted acre, 834 lbs./harvested acre
Million Bales
18.26
23.25 23.8921.59
19.03
12.7613.04
0
5
10
15
20
25
30
03 04 05 06 07 08 est. 09 for.
Million Tons
6.66
8.20 8.177.35
6.59
4.354.43
0
2
4
6
8
10
03 04 05 06 07 08 est. 09 for.
U.S. Cottonseed Production
*Average Seed-to-Lint Ratio: 1.43
30
35
40
45
50
55
60
Ce
nts
/po
un
d
0
2
4
6
8
10
12
Do
lla
rs/b
us
he
l
Cotton - Dec 09 Corn - Dec 09 Soybeans - Nov 09
Futures Prices
Peak ResponsePeriod
Survey Period
-25%
-20%
-15%
-10%
-5%
0%
5%
1-D
ec
10-D
ec
19-D
ec
31-D
ec
12-J
an
22-J
an
2-F
eb
11-F
eb
20-F
eb
3-M
ar
12-M
ar
23-M
ar
1-A
pr
10-A
pr
21-A
pr
30-A
pr
11-M
ay
20-M
ay
29-M
ay
Per
cen
t C
han
ge
Cotton - Dec 09 Corn - Dec 09 Soybeans - Nov 09
Indexed Futures PricesRelative to January 2, 2009
IndexedPoint
Survey Period
Planting Decisions Finalized
So
uth
T
exas
Up
per
D
elta
Wes
t T
exas
Lo
wer
D
elta