Applied DNA Sciences Inc (APDN)

[mcsharkey]

2017-18 U.S. cotton crop could be biggest in 11 years

U.S. cotton crop expected to be bigger in 2017-18, but prices remain stable -- for now.
Forrest Laws | May 10, 2017

Expecting a significant 3d Quarter earnings growth Otis. Primarily based on cotton. Then the addition of Loftex, GLHC, Leather and hopeful expansion of synthetics.

Too Chicken Zhit to pump in a factor.

Guesstimate primarily, on cotton. Hoping (can't back this) the year old joy juice was consumed and earnings held off in long term abeyance fully entered in to our Accounts Receivable (enough juice held for 60 million pounds by complex/ compound factoring). Then additional joy juice for 20 million more pounds of cotton marking.

Bumper crop year and the cotton glut is over. Here's excerpts from Delta Farm PressLink to Full Article. And here's some choppy excerpts.

Note. If we DON'T have growth on this upcoming earnings from this bumper year of cotton, we got issues.[/quote] The 2017-18 U.S. cotton crop could reach 19.2 mill
Forrest Laws | May 10, 2017
The 2017-18 U.S. cotton crop could reach 19.2 million bales, according to a USDA World Agricultural Supply and Demand Estimates report based on a planted acreage forecast of 12.2 million and the outlook for favorable moisture conditions this spring.

The 19.2-million-bale estimate, released as part of USDA’s May 10 WASDE report, would mean the 2017-18 crop would be the largest since 2006 when U.S. growers harvested 21.6 million bales of cotton on 12.8 million acres.

In the report, USDA also increased its export forecast for the 2016-17 (Aug. 1 – July 31) marketing year to 14.5 million bales. USDA economists said the new number reflected higher-than-anticipated exports sales to date. Existing stocks were reduced to 3.2 million bales as a result of the increase in exports.

“Production is anticipated to rise 12 percent from 2016-17, based on 12.2 million planted acres as indicated in the (March 31) Prospective Plantings Report, combined with below average abandonment – due to relatively favorable moisture – and average yields,” the economists said in the WASDE report.

For 2017-18 they said domestic mill use is “projected higher at 3.4 million bales, while exports are expected to fall to 14.0 million, as competitors’ supplies grow. Ending stocks are projected at 5.0 million bales, or 29 percent of total use (due to the larger 2017-18 crop).”

The marketing year average price received by producers could range from 54.0 to 74.0 cents per pound, according to the World Agricultural Outlook Board economists. Some technical analysts say cotton futures could still climb to 84 cents a pound this year.

The WASDE report indicated world cotton stocks are continuing to decline after reaching unprecedented levels while China placed millions of bales of excess cotton in its strategic reserve beginning in 2011.

“The world 2017-18 cotton projections show a decline in stocks of 2.4 million bales, as consumption exceeds production for the third consecutive season,” the report said. “Global production is expected to rise nearly 7 percent, despite marginally lower average yields, as area rebounds to its highest level in three years.”

Production is forecast to rise in all major producing countries, led by the United States (2.0 million bales higher) and India (1.5 million bales higher). Meanwhile, global consumption is projected to rise 2.3 percent, as a growing world economy drives mill use higher around the world.[/quote]All I got. Foose has a promising estimate that I can ride on, CAN'T reconcile it. BUTTTT....

I can hope.
VR
Mike Sharkey