The Cotton School
Services We Offer
COTTON CLASSING AND COTTON CONTRACTS

PART I

Different Ways of Specifying the Quality
o USDA "Green Card" (USDA GC final)
o Description
o On Type
o Re-caps
o Actual Samples

PART II

Classing
o Traditional Method
o USDA HVI "Green Card"
> Who
> Where
            > Different Quality Characteristics
        - Color, including "b+" and "rd" readings
  - Leaf
              -
Fiber length
  - Micronaire
  - Strength
  - Uniformity
  - Trash
  - Extraneous Matters and Remarks ("Reductions")
            > Characteristics not analyzed by USDA   - Sugar
  - Short fiber content
  - "Neps"
  - Maturity
> Information available on USDA classing
  - Weekly AMS report
  - Form-R
     >The Importance of a Constant Mix

COTTON CONTRACTS
PART I

 Different ways of Buying
o Fixed Price vs. "on call"
o "Forward" vs. "Spot"
Rights and Obligations of the Parties as per ICA Rules
Settlement of Disputes
o Quality
o Technical Aspects
Default Lists
Common Problems and Solutions
Importance of the Cotton Controller
PBI (Permanent Bale Identification)

Cotton in the Arts

Cabin in the Cotton, c. 1935.
Horace Pippin (1888–1946).
Oil on canvas mounted

During World War I, African-American artist Horace Pippin was a member of the 369th Army Regiment.  Called "Hell Fighters" by the French allies, these were the first African-American soldiers to fight overseas for the United States.  Horace Pippin’s right arm was permanently injured during his service in the armed forces in World War I.  The disability resulted in his unorthodox method of painting with his right arm, resting it on his crossed legs for support, and guided by his left hand.  Because painting was painful, most of his works were small.

Courtesy of The Art Institute of Chicago®
 

 

English Seminar Group

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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LINKS

U.S. Department of Agriculture

Agricultural Marketing Service

Cotton Market Review (Weekly)
Quality of Cotton Classed – by Classing office (Weekly)
Quality of Cotton Classed – by State (Weekly)
Spot Cotton Quotations (Daily)
Cotton Varieties Planted, United States (Annually)
Long Staple Review (Monthly)
Schedule of Release Dates of Cotton Reports, USDA (Annually)
Cotton Classing Services

Economics, Statistics and Market Information Systems

World Agricultural Outlook Board 

Foreign Agricultural Service

USDA Cotton Production, Supply and Distribution Online

Summary of Changes in estimates and Forecasts from Last Month
Cotton World Supply, Use, and Trade (in bales and tons)
World Cotton Area, Yield, and Production
World Cotton Supply and Distribution by Country (in bales and tons)
World Cotton Supply and Distribution (historical data)  
United States Cotton Supply and Distribution (historical data)
Foreign Cotton Supply and Distribution  (historical data)

USDA Cotton Supply and Demand Country-by-Country Early Release (Monthly)
U.S. Cotton Exports Sales Summary (Weekly)
U.S. Cotton Exports Sales Full Report (Weekly)
The GSM-102 Export Credit Guarantee Program
Summary of GSM-102 Credit Guarantee Program Activity (Monthly)

Farm Service Agency

CCC Loan Activity (Weekly)
Extra Long Staple (ELS) Cotton Announcement
Upland Announcement for weekly Adjusted World Price/Loan Deficiency Payment
CCC 2011/12 Loan Premiums and Discounts - Cotton
CCC 2011/12 National Loan Rates - All Crops
Price Support Loan Activity Report (Monthly)
Loan Maturity Report (Monthly)

National Agricultural Statistics Service

Calendar of Reports
Crop Production
Crop Production--Prospective Planting (Annually)
Crop Production—Acreage (Annually)
Cotton Ginning (Bi-weekly)
Crop Progress Reports (Weekly)

U.S. Department of Commerce

U.S. Census Bureau

Consumption on the Cotton System and Stocks (Monthly)
Advance Sales for Retail Trade and Food Services (Monthly)
Manufacturing and Trade Inventories and Sales (Monthly)

International Trade Administration Office of Textiles and Apparel

Imports of Cotton Products Quantity (Monthly)
Imports of Cotton Products Apparel Products Quantity (Monthly)

Imports of Cotton Products Non-Apparel Products Quantity (Monthly)
Imports of Cotton Products Value (Monthly)

Imports of Cotton Products Apparel Products Value (Monthly)
Imports of Cotton Products Non-Apparel Products Value (Monthly)
Textile and Apparel Trade Balance

Cotton Related Organizations

National Cotton Council

Cotton Information
Government Programs
Prices

Weekly Report
Textiles/Mill Use

Texas Cotton Association

American Cotton Shippers Association

Cotton Council International

Export Report Summary

China Cotton

International Cotton Advisory Committee

International Cotton Association

Textile Commissioner of India

Karachi Cotton Association

Other

Fiber and Biopolymer Research Institute at Texas Tech

National Weather Service

Intercontinental Exchange (ICE) - formerly NYBOT
Spec/Hedge Report
Daily Cotton Futures Close

Certificated Stock Report
Daily Settlement Prices - Cotton No. 2
Cotton Certificated Stocks by Warehouse
End of the Day Report
Cotton Delivery Notices
Estimated Volume Futures & Options - all ICE commodities
Daily Volume and Open Interest

Supima Association of America

U.S. Commodity Futures Trading Commission

Commitment of Traders - Futures Only (Weekly)
Commitment of Traders - Futures and Options (Weekly)
Commitment of Traders - Supplemental Commodity Index/CIT Report (Weekly)
Cotton On-Call Report (Weekly)

 

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