2005 NCC Planting 2005 NCC Planting Intentions Survey ResultsIntentions Survey Results

14.874 15.517 15.76913.958 13.483 13.659 13.734

0

5

10

15

20

99 00 01 02 03 04 05

And the Survey Says…And the Survey Says…13.734 Million Acres, up 0.6%13.734 Million Acres, up 0.6%

AlabamaAlabama 550 550 530 530 -3.6 -3.6 FloridaFlorida 89 89 84 84 -6.1 -6.1 GeorgiaGeorgia 1,290 1,290 1,268 1,268 -1.7 -1.7 North CarolinaNorth Carolina 730 730 702 702 -3.9 -3.9 South Carolina South Carolina 215 215 201 201 -6.3 -6.3 VirginiaVirginia 82 82 78 78 -5.3 -5.3

SoutheastSoutheast 2,956 2,956 2,862 2,862 -3.2-3.2

2005 Southeast Acreage Intentions2005 Southeast Acreage IntentionsThousand AcresThousand Acres

20042004 20052005 %% Actual Actual Intended Intended ChangeChange

ArkansasArkansas 910 910 926 926 1.7 1.7 LouisianaLouisiana 500 500 576 576 15.3 15.3 MississippiMississippi 1,110 1,110 1,199 1,199 8.1 8.1 MissouriMissouri 380 380 418 418 10.0 10.0 Tennessee Tennessee 530 530 544 544 2.7 2.7

Mid-SouthMid-South 3,430 3,430 3,664 3,664 6.8 6.8

2005 Mid-South Acreage Intentions2005 Mid-South Acreage IntentionsThousand AcresThousand Acres

20042004 20052005 %% Actual Actual Intended Intended ChangeChange

KansasKansas 85 85 95 95 11.9 11.9 OklahomaOklahoma 220 220 235 235 6.9 6.9 TexasTexas 5,850 5,850 5,852 5,852 0.0 0.0

Southwest Southwest 6,155 6,155 6,183 6,183 0.5 0.5

2005 Southwest Acreage Intentions2005 Southwest Acreage IntentionsThousand AcresThousand Acres

20042004 20052005 %% Actual Actual Intended Intended ChangeChange

ArizonaArizona 240 240 214 214 -10.7 -10.7 CaliforniaCalifornia 560 560 478 478 -14.7 -14.7 New MexicoNew Mexico 68 68 78 78 15.1 15.1

West West 868 868 770 770 -11.3 -11.3

2005 West Acreage Intentions2005 West Acreage IntentionsThousand AcresThousand Acres

20042004 20052005 %% Actual Actual Intended Intended ChangeChange

ArizonaArizona 3 3 3 3 8.2 8.2 CaliforniaCalifornia 215 215 223 223 3.6 3.6 New MexicoNew Mexico 11 11 10 10 -6.8 -6.8 TexasTexas 21 21 20 20 -6.3 -6.3

ELS ELS 250 250 255 255 2.3 2.3

2005 ELS Acreage Intentions2005 ELS Acreage IntentionsThousand AcresThousand Acres

20042004 20052005 %% Actual Actual Intended Intended ChangeChange

SoutheastSoutheast 2,956 2,956 2,862 2,862 -3.2-3.2Mid-SouthMid-South 3,430 3,430 3,664 3,664 6.8 6.8 SouthwestSouthwest 6,155 6,155 6,183 6,183 0.5 0.5 WestWest 868 868 770 770 -11.3 -11.3 ALL UPLANDALL UPLAND 13,40913,409 13,47913,479 0.50.5

ALL ELSALL ELS 250 250 255 255 2.3 2.3

ALL COTTONALL COTTON 13,659 13,659 13,734 13,734 0.60.6

2005 U.S. Planting Intentions2005 U.S. Planting Intentions

20042004 20052005 %% Actual Actual Intended Intended ChangeChange

Thousand AcresThousand Acres

Million Bales

0

5

10

15

20

25

30

94 95 96 97 98 99 00 01 02 03 04 05f

Production Beg. Stocks Imports

U.S. Cotton SupplyU.S. Cotton Supply

Million Bales

0

5

10

15

20

25

30

94 95 96 97 98 99 00 01 02 03 04 05f

Production Beg. Stocks Imports

U.S. Cotton SupplyU.S. Cotton Supply

Million Tons

0

2

4

6

8

10

94 95 96 97 98 99 00 01 02 03 04 05f

Production Beg. Stocks Imports

U.S. Cottonseed SupplyU.S. Cottonseed Supply

40

50

60

70

80

90

Aug Se

p

Nov Ja

n

Mar

May Ju

l

Sep

Nov

Dec-04 Dec-05

December Cotton FuturesDecember Cotton FuturesCents per Pound

175

200

225

250

275

300

325

350

Aug Oct

Dec Feb

Apr

Jun

Aug Oct

Dec

Dec-04 Dec-05

December Corn FuturesDecember Corn FuturesCents per Bushel

450

500

550

600

650

700

750

800

850

Aug Oct

Dec Feb

Apr

Jun

Aug Oct

Nov 04 Nov 05

November Soybean FuturesNovember Soybean FuturesCents per Bushel

MerchantsGinnersCottonseedProducers

Cooperatives

WarehousesManufacturers