Cotton output in the U.S., the world’s largest exporter, will be bigger in the marketing year that starts Aug. 1 as farmers plant more acres, according to a Bloomberg News survey of five analysts.

Estimates for cotton output, exports and inventories for the marketing year through July and the following season are listed below. Estimates are in millions of bales, each weighing 480 pounds (218 kilograms). The U.S. Department of Agriculturewill update its forecasts at 8:30 a.m. tomorrow in Washington.

                      2012-2013 Estimates
                   Average         Range
Production          16.67         14.84-18
Exports             11.83         10.34-12.5
Ending Stocks        4.52          3.59-5.4


SOURCE               OUTPUT         EXPORTS      ENDING STOCKS
==============================================================
Country Hedging        14.84          10.34           3.59
FCStone                17             12              4.9
Penson Futures         17.3           12.3            4.5
Stevens                16.2           12              4.2
Plexus Cotton          18             12.5            5.4

                 2011-2012    Estimates       USDA Estimates
                  Average      Range         April      2011
Production        15.51      15.32-15.56     15.56      18.1
Exports           11.29      10.62-11.65     11.4       14.38
Ending Stocks     3.37           3-3.65       3.4        2.6


SOURCE               OUTPUT         EXPORTS      ENDING STOCKS
==============================================================
Country Hedging       15.32         10.62          3.65
FCStone               15.56         11.4           3.4
Penson Futures        15.56         11.65          3
Stevens               15.56         11.4           3.4
Plexus Cotton         15.56         11.4           3.4