Southwest Agribusiness Consulting, Inc.

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Eustace Bridges
5 years ago
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1 Volume XVI, Issue 3D United Checkoff Program Weekly Basis Snapshot Page 1 Southwest Agribusiness Consulting, Inc. Country Elevators Region to Differential Avg. Basis Cash Price Avg. Basis Cash Price $ % Rio Grande Valley 15Z 4.02 Texas Coastal Bend -80Z 3.07 Texas Upper Coast -28Z Z Central Texas -40Z Z Texas N. High Plains 08Z Z Texas S. High Plains 15Z Z Eastern New Mexico North Missouri -60Z Z Central Kansas -43Z Z West Kansas -14Z Z South East Colorado 00Z Z Nebraska -40Z Z Feeder/Ethanol Region to Differential Texas Winter Garden (Cattle) Central Texas (Poultry ) Texas N. High Plains (Cattle) Arkansas (Poultry) South West Kansas (Cattle) Texas S. High Plains (Ethanol) Texas N. High Plains (Ethanol) Avg. Basis Cash Price Avg. Basis Cash Price $ % 34Z Z Z Z Kansas (Ethanol) -10Z Z Tennessee (Ethanol) Illinois (Ethanol) -01Z 3.86

2 Volume XVI, Issue 3D Page 2 Rio Grande Valley Avg. Basis Cash Price Avg. Basis Cash Price $ % Corpus Christi 20Z 4.07 Houston 20Z 4.07 New Orleans Baton Rouge Arkansas River Memphis Missouri River St. Louis Kansas City Region Export to Differential Central Kansas -30Z Z South Dakota -65Z Z Nearby Futures Prices Futures

3 Volume XVI, Issue 3D Page 3 Exports South East Louisiana-Terminal (Basis) South East Louisiana-Terminal (Price) 2.00 $7.00 Futures Avg Gulf of Mexico-Terminal (Basis) $7.00 Avg Gulf of Mexico-Terminal (Price) Futures

4 Volume XVI, Issue 3D Page 4 Exports cont. North East Arkansas River - Terminal (Basis) North East Arkansas River - Terminal (Price) Futures South East Missouri River - Terminal (Basis) South East Missouri River - Terminal (Price) Futures

5 Volume XVI, Issue 3D Page 5 Country Elevators Texas North High Plains-Country Elevator (Basis) Texas North High Plains-Country Elevator (Price) Futures Texas Coastal Bend-Country Elevator (Basis) Texas Coastal Bend-Country Elevator (Price) - Futures - Central Texas-Country Elevator (Basis) Central Texas-Country Elevator (Price) Futures Texas Rio Grande Valley-Country Elevator (Basis) Texas Rio Grande Valley-Country Elevator (Price) Futures

6 Volume XVI, Issue 3D Page 6 Country Elevators - Central Kansas-Country Elevator (Basis) Central Kansas-Country Elevator (Price) Futures West Kansas-Country Elevator (Basis) West Kansas-Country Elevator (Price) - Futures North Missouri-Country Elevator (Basis) North Missouri-Country Elevator (Price) Futures Nebraska-Country Elevator (Basis) Nebraska-Country Elevator (Price) - Futures

7 Volume XVI, Issue 3D Page 7 Ethanol/Feeders Kansas-Ethanol (Basis) Kansas-Ethanol (Price) - Futures Texas North High Plains-Cattle Feeder (Basis) Texas North High Plains-Cattle Feeder (Price) Futures - South West Kansas-Cattle Feeder (Basis) South West Kansas-Cattle Feeder (Price) Futures

8 Volume XVI, Issue 3D Page 8 Acres Planted Acres Harvested 2010/ / /13 13/14 Est. 14/15 Proj.* Yield (Bushels / Acre) Use Beginning Stocks 1,708 1, ,236 8% Production 12,447 12,360 10,755 13,925 14,407 92% Imports % Total Supply 14,182 13,516 11,904 14,782 15, % Feed & Residual 4,795 4,548 4,315 5,132 5,375 45% Food, Seed & Industrial 6,426 6,437 6,038 6,497 6,535 55% Total Domestic Use 11,221 10,985 10,353 11,629 11,910 87% Exports 1,834 1, ,917 1,750 13% Total Use 13,055 12,527 11,083 13,546 13, % Ending Stocks 1, ,236 2,008 Stocks/Exports 62% 64% 112% 64% 115% Stocks/Use 9% 8% 7% 9% 15% Season Average Price $5.18 $6.22 $6.89 $4.46 In Millions of bushels except Acres Planted, Acres Harvested, and Yield * Current Month s Projection Acres Planted Acres Harvested Yield (Bushels / Acre) Beginning Stocks Production Imports Total Supply Feed & Residual Food, Seed & Industrial Total Domestic Use Exports Total Use Ending Stocks Stocks/Exports Stocks/Use Season Average Price Supply and Demand 2010/ / /13 13/14 Est. 14/15 Proj.* /15 Proj.* as % of Total Supply or 14/15 Proj.* as % of Total Supply or Use % % % % % % % % % % 37% 20% 16% 16% 8% 11% 6% 9% 9% $5.02 $5.99 $6.33 $4.28 $3.45 as a % of Acres Planted Acres Harvested Yield (Bushels per Acre) Beginning Stocks Production Imports Total Supply Feed & Residual Food, Seed & Industrial Total Domestic Use Exports Total Use Ending Stocks Stocks/Exports Stocks/Use Season Average Price 2010/ / /13 13/14 Est. 14/15 Proj.* 6.12% 5.98% 6.47% 8.49% 7.92% 5.90% 4.64% 5.72% 7.41% 7.46% 46.99% 37.09% 40.29% 37.53% 38.12% 2.40% 2.39% 2.33% 1.83% 2.75% 2.78% 1.73% 2.31% 2.79% 2.83% % % 6.25% % % 2.73% 1.79% 2.35% 2.73% 2.82% 2.57% 1.56% 2.18% 1.71% 1.77% 1.32% 1.32% 1.57% 1.08% 1.22% 1.85% 1.42% 1.83% 1.36% 1.47% 8.29% 4.08% 10.41% 11.06% 13.14% 2.75% 1.75% 2.39% 2.73% 2.96% 2.39% 2.33% 1.83% 2.75% 1.84% 28.88% 56.96% 17.55% 24.87% 14.02% 87.04% % 76.41% % 62.15% 96.91% 96.30% 91.87% 95.96% 98.57%

Week Ending: Oct. 4, 2018

Week Ending: Oct. 4, 2018 Market Page 1. Thurs. Close Last Thurs. Close Weekly Change Week's High Week's Low Life of Contract High Life of Contract Low NEW YORK COTTON FUTURES (Cents/Lb.) December-18 76.00