News

USDA cotton estimate up slightly, rice steady

The USDA’s cotton production guess is up from October and rice is unchanged.

The 2024 upland cotton crop is pegged at 13.71 million bales, 25,000 more than a month ago on a slight upward revision for yield to 779 pounds per acre and no change to harvested area at 8.443 million acres.

For 2023, upland production was 11.75 million bales with an average yield of 895 pounds per acre and harvested area of 6.302 million acres.

Production for all types of rice was left at 219.812 million hundredweight weight with the USDA delaying post-harvest changes to yield and harvested area, left at 7,590 pounds per acre and 2.896 million acres, respectively.

A year ago, rice production totaled 218.291 million hundredweight with an average yield of 7,649 pounds per acre and harvested area of 2.854 million acres.

Domestic cotton ending stocks were higher at 4.3 million bales and rice ending stocks were up to 46.7 million hundredweight, largely due to cuts in export demand.

The USDA’s next round of supply, demand, and production numbers is out December 10^th.

Comparisons for Brownfield states:

Arkansas: Cotton: 1.6 million bales, compared to 1.362 million in 2023; Average Yield: 1,200 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

Rice: 108.756 million hundredweight, compared to 106.968 million in 2023; Average Yield: 7,600 pounds per acre, compared to 7,600 a month ago and 7,550 a year ago; Harvested Area: 1.431 million acres, compared to 1.417 million 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: RECORD 1 million bales, compared to 936,000 in 2023; Average Yield: 1.263 pounds per acre, compared to 1,238 a month ago and 1,361 a year ago; Harvested Area: 380,000 acres, compared to 330,000 last year

Rice: 16.478 million hundredweight, compared to 15.985 million in 2023; Average Yield: 7,700 pounds per acre, compared to 7,700 a month ago and 7,990 a year ago; Harvested Area: 214,000 acres, compared to 200,000 last year

Tennessee: Cotton: 560,000 bales, compared to 67,000 in 2023; Average Yield: 1,075 pounds per acre, compared to 1,094 a month ago and 1,250 a year ago; Harvested Area: 250,000 acres, compared to 260,000 last year