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Upland cotton crop estimate up on month, year
The USDA continues to project a larger cotton crop in 2024 than 2023.
Upland cotton production is seen at 13.757 million bales, less than 1% above November and 17% higher than last year. That higher production guess followed an increase in the average yield estimate, up 3 pounds per acre to 782, with no change to harvested area at 8.443 million acres.
In 2023, upland cotton production totaled 11.75 million bales with an average yield of 1,101 pounds per acre on harvested area of 6.302 million acres.
Cotton ginnings are running ahead of the year ago pace because of the bigger crop and faster than average harvest.
U.S. cotton ending stocks were up on the month due to that larger crop guess, while global ending stocks and production were higher. In addition to the U.S., the USDA raised production for Brazil, India, and several smaller producers in the Southern Hemisphere.
Domestic rice ending stocks were unchanged, while there were minimal changes to world production and ending stocks.
The USDA’s next set of supply, demand, and production numbers is out January 10th.
Comparisons for Brownfield states:
Arkansas: Cotton: 1.7 million bales, compared to 1.362 million in 2023; Average Yield: 1,275 pounds per acre, compared to 1,200 a month ago and 1,295 a year ago; Harvested Area: 640,000 acres, compared to 505,000 last year
Kansas: Cotton: 190,000 bales, compared to 149,000 in 2023; Average Yield: 760 pounds per acre, compared to 760 a month ago and 761 a year ago; Harvested Area: 120,000 acres, compared to 94,000 last year
Missouri: Cotton: 1.1 million bales, compared to 936,000 in 2023; Average Yield: RECORD 1,389 pounds per acre, compared to 1,263 a month ago and 1,361 a year ago; Harvested Area: 380,000 acres, compared to 330,000 last year
Tennessee: Cotton: 545,000 bales, compared to 677,000 in 2023; Average Yield: 1,046 pounds per acre, compared to 1,075 a month ago and 1,250 a year ago; Harvested Area: 250,000 acres, compared to 260,000 last year
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