Excerpts from the report Preface: This cotton study is part of a continuing program of economic research designed provide information on factors influencing supply, utilization, and price of important agricultural commodities. The study has special interest at this time because of the decline in U.S. exports in recent years and the sharp build up in U.S. cotton stocks. This bulletin describes economic trends and measures the effect of principal economic factors that affect U.S. cotton exports. Information and results developed in this study are expected to be of special value to those involved in formulating policies and programs affecting the cotton industry. It should be of value also to producer groups, ginners, warehousemen, merchants, shippers, textile manufacturers, and other segments of the textile industry.