The USDA expects upland cotton production to be up on the year, while should be well below year ago levels. That follows year to year changes in planted area and these numbers will depend on average weather conditions through late development into harvest.

This year’s upland cotton crop is seen at 16.893 million bales, compared to 14.061 million a year ago, with an average yield of 794 pounds per acre, compared to 835 in 2020. Rice is projected at 197.36 million hundredweight, compared to 227.583 million last year, with an average yield of 7,544 pounds per acre, compared to 7,619 the year before.

 

The USDA raised the U.S. old crop cotton ending stocks guess, while cutting the outlook for new crop, while old and new crop rice carryout projections were both down on the month. The USDA’s next set of supply, demand, and production estimates is out September 10th.

 

Source: brownfieldagnews.com