By John Perkins

Rice ending stocks for the marketing year that starts August 1^st were cut by 11.9 million hundredweight to 30.9 million, primarily on reductions to old crop ending stocks and this year’s crop, but with higher imports. The production adjustment followed the June acreage update.

The crop is now pegged at 153.3 million hundredweight, with an average yield of 7,746 pounds per acre, compared to 175.2 million and 7,732 pounds per acre in June, and 206.7 million hundredweight with a yield of 7,544 pounds per acre in 2025. The average estimated 2026/27 farm price is $14.90 per hundredweight, compared to $13.50 in June and $12.50 in 2025/26.

Cotton ending stocks were up 400,000 bales on the month at 4.1 million due to a higher production guess, also increased by 400,000 bales and now seen at 13.7 million bales, which also followed the June acreage update. The average yield is pegged at 872 pounds per acre, compared to 866 last month. Last year, the crop totaled 13.9 million bales with an average yield of 852 pounds per acre. The 2026/27 estimated farm price for upland is $.73 per pound, compared to $.73 in June and $.625 for 2025/26.

The USDA’s next round of supply, demand, and production numbers is out August 12^th.

Published Date: July 10, 2026