PRODUCTION & STOCKS OF COTTONSEED AND COTTONSEED PRODUCTS

SCHOLARSHIP DEADLINE APPROACHING OCT. 1

WHAT'S NEW @ COTTONSEED.COM

SHORT COURSES OFFERED FOR OIL PROCESSING, BIOFUELS

COTTONSEED FEED PRODUCT EXPORTS TO MEXICO

MOVING?

PRODUCTION & STOCKS OF COTTONSEED AND COTTONSEED PRODUCTS - Stocks of cottonseed hulls were as low at the end of August as they have been in a number of years, according to the Association’s latest monthly survey of member mills. “Not surprising,” most in the industry have said, as depressingly low levels of roughage are available this year to animal feeders after drought conditions have ravaged much of the country. At just 19,858 tons, hulls stocks this low only compare to August 2003, when stocks dropped to 20,587 tons. Hull stocks are about 55% below their five-year average 30,807 tons for August, and the really low tight months of September and October are just at hand…..Cottonseed meal stocks of 75,836 tons at the end of August were only slightly above their five-year average of 69,940 tons. Historically, meal demand picks up and works stocks lower as the winter months approach…..Cottonseed oil stocks have trended higher than average over the past few months but appear headed lower as the new crush season appears ready to begin. Oil stocks at the end of August were 60.6 million lbs compared to 65.9 million lbs the previous month and 69.9 million lbs two months ago…..Cottonseed crushings for the 2006/07 season, which for reporting purposes began August 1, reach 205,000 tons vs its five-year average of 189,000 tons. A year ago, August crushings ballooned to241,000 tons but were a more moderate 195,000 tons two years ago…..Receipts of cottonseed at oil mills was 102,000 tons in August, compared to 195,000 tons a year ago and 154,000 tons two years ago for August 2004. As the next two to three months will show, cottonseed receipts can also signal how slow or rapidly a crop is moving to market and coming off harvest. In 1999 and 2000, for example, the crop was not excessively large (about 7.0 million tons of seed), but receipts were 20% to 40% higher than the last two years when seed production was over 8.0 million tons.

SCHOLARSHIP DEADLINE APPROACHING OCT. 1 - The deadline for applying for NCPA’s Merit Scholarship, which will provide funds for dependents of NCPA members, is fast approaching on October 1. Each scholarship is for $1,000 and will provide for tuition, books, and/or room and board expenses. The scholarship is limited to use at an institution of higher learning that is accredited by recognized accreditation agencies and offers at least a degree upon completion of the course of study offered. The scholarship is made possible through funds established by the Mississippi Valley Oilseed Processors Association and provides the NCPA with “…oversight authority as to the charitable, scientific and educational uses of annual accumulated income derived from the principal of the funds”. Applications are available from the NCPA office and in the What’s New section of Association’ s web site—cottonseed.com. Scholarship applications are due to the NCPA office no later than October 1, 2006. Following a review of the applicants by the Association’s Scholarship Committee, finalists will be forwarded to the NCPA Board of Directors for final selection of the winners, to be announced around December 1. Applicants will be asked to write an autobiography explaining why they will be a good investment if awarded the scholarship. In addition, applicants will be asked to write an essay describing why agriculture is important to them and/or their family. Student applicants will not be required to make agriculture their major course of study, but must present a good understanding of how and why agriculture is important to them, their community and the US.

WHAT'S NEW @ COTTONSEED.COM - USDA’s September cotton forecast put total production at 20.3 million bales, 15% lower than last year’s 23.9 million bale total and 13% lower than the 23.25 million bale total of two years ago. If realized, it would be the third largest cotton crop in over 20 years….Likewise, cottonseed production is forecast below year ago levels but still significantly higher than most of the previous ten years. State by state cottonseed products forecasts, as well as USDA’s cotton estimate, is available in the Statistics section of the NCPA web site, or use your web-enable phone to access cottonseed.com/mobile for news and information…..In addition, updated supply and demand estimates for cottonseed, cottonseed oil and meal are available in the Statistics section. Forecasters reduced their cottonseed crush total for 2005/06 from 3.05 million tons to 2.997 million tons and adjusted meal and oil production accordingly. Also, USDA’s projection for beginning stocks of cottonseed for the 2006/07 season (Aug-July) was increased from 529,000 tons forecast last month to 603,000 tons forecast in this month’s report. NCPA’s monthly survey for July showed stocks of cottonseed at oil mills were nearly 725,000 tons at the end of July/first of August, although some adjustments to inventory are likely….. “Look what I found!” the ad shouts in Spanish. It’s part of NCPA’s ad campaign announcing the Spanish language web site espanol.cottonseed.com.

SHORT COURSES OFFERED FOR OIL PROCESSING, BIOFUELS - The Food Protein Research & Development Center at Texas A&M is offering the following short courses of interest in the coming months: Practical Short Course on Processing and Products of Vegetable Oils: Objectives of the program are to train oil mill personnel in principles and practices of: new methods in veg oil refining, latest methods in bleaching, hydrogenation, interesterification and deodorization of veg oils, production of biodiesel and production of non-trans fats. The Course is offered October 1-6 at the Food Protein Research Center at A&M. Contact Hema Marwaha at the Food Protein Center, phone 979-845-2741, e-mail marwaha@tamu.edu with questions. Another course offered is Biuofuels: Alternative Energy Sources and Byproducts Utilization. This three day short course will focus on current technologies for ethanol production from several types of starch and cellulosic biomass. Coverage of additional renewable fuels will include wood-derived and municipal waste streams. The course will also examine cogeneration fuels, byproducts utilization, regulatory and economic issues. The goal is to present the tools and information needed to advance the development of renewable fuels through both presentation by leaders in the field and through hands-on demonstrations. This short course is a joint project between the Extraction & Protein Technologies Program and the Separation Sciences Program. For questions, contact Dr. Richard Clough, Head, Extraction & Protein Technologies Program, Food Protein R&D Center, phone 979-862-2262, e-mail: rclough@tamu.edu or Carl Vavra, Program Coordinator, Separation Sciences Program, phone 979-845-2758, E-mail: cjvavra@tamu.edu.

COTTONSEED FEED PRODUCT EXPORTS TO MEXICO - Cottonseed meal and whole seed continue to be popular choices this year as Mexican feeders of beef and dairy cattle rely on the US products as an important feed ingredient. As the latest monthly report shows, meal exports to Mexico have topped 100,000 metric tons and whole seed shipments over 370,000 metric tons. One factor influencing feeders this season, has been, according to reports from the area, the extreme drought conditions in much of the cattle and dairy producing regions.

MOVING? - Please send all change of address information to: National Cottonseed Products Association, 104 Timber Creek Drive, Suite 200, Cordova, TN  38018, or email to info@cottonseed.com.

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© National Cottonseed Products Association, Inc.

September 20, 2006