USDA: cotton, rice production down on year
The USDA has 2022 cotton and rice production below 2021 levels.
The upland cotton crop is pegged at 12.163 million bales, falling 29% on the year with a higher average yield canceled out by much lower acreage. The average yield for upland cotton is expected to be 837 pounds per acre with harvested area of 6.977 million acres. In 2021, upland cotton production was 17.191 million bales with an average yield of 813 pounds per acre and harvested area of 10.149 million acres.
Old crop cotton ending stocks were reported at 3.5 million bales, up 100,000 from July on lower exports, with new crop at 1.8 million bales, down 600,000 with the huge month to month cut in production against a big drop in exports.
Rice is projected at 176.026 million hundredweight, a drop of 15.77 million on the year due to lower yield and harvested acreage, at 7,627 pounds per acre and 2.308 million acres, respectively. A year ago, rice production totaled 191.796 million hundredweight with an average yield of 7,709 pounds per acre and harvested area of 2.488 million acres.
Old crop U.S. rice ending stocks are pegged at 41.5 million hundredweight, a half a million lower due to decreased imports, with new crop at 36.5 million, a million higher following the month to month increase in production.
Globally, new crop cotton production was down on that lower U.S. crop guess and new crop rice production was cut, mainly on a decrease for India.
The new marketing year for cotton and rice started August 1st.
The USDA’s next set of supply and demand estimates is out September 12th.
Year-to-year comparisons for Brownfield states:
Arkansas: Cotton: 1.22 million bales, compared to 1.235 million in 2021; Yield: 1,195 pounds per acre, compared to 1,248 a year ago; Harvested Area: 490,000 acres, compared to 475,000 last year; Rice: 85.768 million hundredweight, compared to 91.136 million in 2021; Yield: 7,550 pounds per acre, compared to 7,630 a year ago; Harvested Area: 1.136 million acres, compared to 1.194 million last year
Kansas: Cotton: 170,000 bales, compared to 187,000 in 2021; Yield: 680 pounds per acre, compared to 880 a year ago; Harvested Area: 120,000 acres, compared to 102,000 last year
Missouri: Cotton: 650,000 bales, compared to 814,000 in 2021; Yield: 975 pounds per acre, compared to 1,260 a year ago; Harvested Area: 320,000 acres, compared to 310,000 last year; Rice: 14.352 million hundredweight, compared to 15.599 million in 2021; Yield: 7,800 pounds per acre, compared to 8,040 a year ago; Harvested Area: 184,000 acres, compared to 194,000 last year
Tennessee: Cotton: 570,000 bales, compared to 583,000 in 2021; Yield: 869 pounds per acre, compared to 1,036 a year ago; Harvested Area: 315,000 acres, compared to 270,000 last year