Missouri’s 2012 cotton crop was down from 2011 as an improved average yield was canceled out by decreased acreage.
Production totaled 710,000 480-pound bales, compared to 741,000 the previous year, with average yield at 1,033 pounds per acre, compared to 969 in 2011. Planted area was 350,000 acres, 25,000 less than last year, while harvested area was 330,000 acres, a 37,000 acre year to year decrease.
Nationally, production was 17.010 million bales, compared to 15.573 million in 2011, with an average yield of 866 pounds per acre, compared to 790 a year ago. Planted area was 12.315 million acres, a year to year decrease of 2.42 million, with harvested area at 9.427 million acres, 34,100 under 2011.
2012/13 U.S. ending stocks are seen at 4.8 million bales, compared to 5.4 million in December and 3.35 million for 2011/12. The average farm price is estimated at $.66 to $.71 per pound, compared to last month’s range of $.65 to $.71.
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