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USDA cotton, rice crop outlooks up on year

The USDA sees bigger cotton and rice crops in 2024 than 2023.

Upland cotton production is projected at 14.555 million bales, an increase of 24% on the year with a decline in average yield to 828 pounds per acre canceled out by increases in acreage, with planted area at 10.974 million acres and harvested area at 8.442 million acres.

For 2023, upland cotton production was 11.75 million bales with an average yield of 895 pounds per acre on planted area of 10.083 million acres and harvested area of 6.302 million acres.

Rice is estimated at 220.761 million hundredweight, up 2.47 million from last year thanks to larger acreage numbers, 2.94 million for planted and 2.896 million for harvested, despite a slightly lower average yield guess of 7,623 pounds per acre.

A year ago, rice totaled 218.291 million hundredweight, with an average yield of 7,649 pounds per acre on planted area of 2.894 million acres and harvested area of 2.854 million acres.

New crop rice ending stocks were lower on a month-to-month decrease in production and lower beginning stocks, while combined upland and Pima cotton ending stocks fell on a production cut from July and lower exports.

The new marketing year for cotton and rice started August 1st.

The USDA’s next set of supply, demand, and production numbers is out September 12th.

Comparisons for Brownfield states:

Arkansas: Cotton: 1.65 million bales, compared to 1.362 million in 2023; Average Yield: 1,238 pounds per acre, compared to 1,295 a year ago; Planted Area: 650,000 acres, compared to 510,000 last year; Harvested Area: 640,000 acres, compared to 505,000 the year before; Rice: 108.756 million hundredweight, compared to 106.968 million in 2023; Average Yield: 7,600 pounds per acre, compared to 7,550 a year ago; Planted Area: 1.451 million acres, compared to 1.436 million last year; Harvested Area: 1.431 million acres, compared to 1.417 million the year before

Kansas: Cotton: 190,000 bales, compared to 149,000 in 2023; Average Yield: 760 pounds per acre, compared to 761 a year ago; Planted Area: 130,000 acres, compared to 112,000 last year; Harvested Area: 120,000 acres, compared to 94,000 the year before

Missouri: Cotton: 960,000 bales, compared to 936,000 in 2023; Average Yield: 1,213 pounds per acre, compared to 1,361 a year ago; Planted Area: 400,000 acres, compared to 335,000 last year; Harvested Area: 380,000 acres, compared to 330,000 the year before; Rice: 15.836 million hundredweight, compared to 15.985 million in 2023; Average Yield: 7,400 pounds per acre, compared to 7,990 a year ago; Planted Area: 220,000 acres, compared to 205,000 last year; Harvested Area: 214,000 acres, compared to 200,000 the year before

Tennessee: Cotton: 550,000 bales, compared to 677,000 in 2023; Average Yield: 1,056 pounds per acre, compared to 1,250 a year ago; Planted Area: 265,000 acres, steady with last year; Harvested Area: 250,000 acres, compared to 260,000 the year before

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Published Date: August 12, 2024

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