News

USDA sees bigger cotton, rice crops

The USDA has increased its outlooks for U.S. cotton and rice production.

The upland cotton crop is pegged at 17.852 million bales, up 201,000 from October following an upward revision for average yield to 874 pounds per acre, and 27% above 2020 due to an increase in planted area. Rice production is projected at 193.818 million hundredweight, 3.272 million more than a month ago, also following a higher average yield guess, now at 7,756 pounds per acre, but 33.765 million less than last year due to a decline in acreage.

There were no harvested area adjustments. The U.S. cotton harvest is 55% complete as of Sunday, while the rice harvest is officially over for the year.

In 2020, upland cotton totaled 14.061 million bales with an average yield of 835 pounds per acre and harvested area of 8.081 million acres, while rice production was 227.583 million hundredweight with an average yield of 7,619 pounds per acre and harvested area of 2.987 million acres.

The USDA also increased U.S. ending stocks estimates for both crops, while lowering the world supply guess for cotton due to consumption expectations and raising the world rice projection due to lower consumption.

The 2021/22 average farm price for rice is estimated at $14.80 per hundredweight, compared to $14.80 last month and $14 last marketing year, with the average farm price for cotton seen at $.90 per pound, compared to $.90 a month ago and $.663 for 2020/21.

The USDA’s next set of supply, demand, and production estimates is out December 9^th.

Comparisons for Brownfield states:

Arkansas: Cotton: 1.2 million bales, compared to 1.277 million in 2020; record average yield of 1,226 pounds per acre, compared to 1,226 a month ago and 1,179 a year ago; harvested area of 470,000 acres, compared to 520,000 last year; Rice: 91.048 million hundredweight, compared to 108.107 million in 2020; record average yield of 7,600 pounds per acre, compared to 7,500 both a month ago and a year ago

Kansas: Cotton: 215,000 bales, compared to 300,000 in 2020; average yield of 1,022 pounds per acre, compared to 998 a month ago and 783 a year ago; harvested area of 101,000 acres, compared to 184,000 last year

Missouri: Cotton: 830,000 bales, compared to 684,000 in 2020; average yield of 1,285 pounds per acre, compared to 1,285 a month ago and 1,144 a year ago; harvested area of 310,000 acres, compared to 287,000 last year; Rice: 15.714 million hundredweight, compared to 15.522 million in 2020; record average yield of 8,100 pounds per acre, compared to 8,000 a month ago and 7,250 a year ago; harvested area of 194,000 acres, compared to 214,000 last year

Tennessee: Cotton: 600,000 bales, compared to 611,000 in 2020; average yield of 1,067 pounds per acre, compared to 1,067 a month ago and 1,066 a year ago; harvested area of 270,000 acres, compared to 275,000 last year