USDA cuts rice crop guess, raises upland cotton
The USDA has lowered its 2022 U.S. rice production guess while raising the estimate for upland cotton.
As of November 1st, rice is projected at 164.349 million hundredweight, about a million less than October’s report following a downward revision in the yield estimate, now at 7,549 pounds per acre. The harvested area for all types of rice is expected to be 2.177 million acres. In 2021, production was 191.796 million hundredweight with an average yield of 7,709 pounds per acre on 2.488 million acres.
Upland cotton is seen at 13.561 million bales, up 217,000 on the month thanks to a higher yield expectation, now at 844 pounds per acre on harvested area of 7.712 million acres. Last year, upland cotton production was 17.191 million bales with an average yield of 813 pounds per acre on harvested area of 10.149 million acres.
This year’s rice harvest is statistically over, while more than 60% of the cotton crop is harvested.
The USDA increased the new crop U.S. rice ending stocks estimate to 36.1 million hundredweight with higher imports and lower exports canceling out the cut to production, while new crop cotton ending stocks were up to 3 million bales on the bigger production number.
The average estimated farm price for rice is $19.90 per hundredweight, up $.50 from the last report, with the average estimated farm price for upland cotton at $.85 per pound, down $0.05.
The USDA’s next set of supply, demand, and production estimates is out December 9th.
Breakdown for Brownfield states:
Arkansas: Cotton: 1.53 million bales, compared to 1.235 million in 2021; Yield: 1,166 pounds per acre, compared to 1,143 a month ago and 1,248 a year ago; Harvested Area: 630,000 acres, compared to 475,000 last year
Rice: 80.684 million hundredweight, compared to 91.136 million in 2021; Yield: 7,450 pounds per acre, compared to 7,500 a month ago and 7,630 a year ago; Harvested Area: 1.083 million acres, compared to 1.194 million last year
Kansas: Cotton: 175,000 bales, compared to 187,000 in 2021; Yield: 553 pounds per acre, compared to 537 a month ago and 880 a year ago; Harvested Area: 152,000 acres, compared to 102,000 last year
Missouri: Cotton: 690,000 bales, compared to 814,000 in 2021; Yield: 1,104 pounds per acre, compared to 1,104 a month ago and 1,260 a year ago; Harvested Area: 300,000 acres, compared to 310,000 last year
Rice: 11.622 million hundredweight, compared to 15.599 million in 2021; Yield: 7,800 pounds per acre, compared to 7,600 a month ago and 8,040 a year ago; Harvested Area: 149,000 acres, compared to 194,000 last year
Tennessee: Cotton: 692,000 bales, compared to 583,000 in 2021; Yield: 1,022 pounds per acre, compared to 975 a month ago and 1,036 a year ago; Harvested Area: 325,000 acres, compared to 270,000 last year