News
USDA raises cotton production outlook
The USDA has increased its 2021 production estimate for upland cotton.
The crop is now seen at 17.91 million bales, up 58,000 from November with a slightly higher average yield estimate, now at 877 pounds per acre, compared to 874 last month. That’s also nearly 4 million bales larger than the 2020 total due to bigger planted area along with a better average yield. 2020 production totaled 14.061 million bales with an average yield of 835 pounds per acre.
Cottonseed production is pegged at 5,576,000 tons, compared to 4,509,000 a year ago.
The USDA left domestic ending stocks for all types of cotton unchanged on the month with that higher production estimate canceled out by a rise in unaccounted for use, while world ending stocks were down just over a million tons. The average farm price for U.S. upland cotton held at $.90 per pound.
The USDA tightened the balance sheet for U.S. rice. The domestic rice carryout is estimated at 34.5 million hundredweight, down a half a million on the month due to reduced expectations for both imports and exports. The average farm price was steady at $14.80 per hundredweight. World rice stocks were down on the month.
The USDA’s next set of supply and demand estimates is out January 12th.
Comparisons for Brownfield states:
Arkansas: 1.26 million bales, compared to 1.277 million in 2020; record expected average yield of 1,287 pounds per acre, compared to 1,226 a month ago and 1,179 a year ago; harvested area of 470,000 acre, compared to 520,000 last year
Kansas: 210,000 bales, compared to 300,000 in 2020; average yield of 988 pounds per acre, compared to 1,022 a month ago and 783 a year ago; harvested area of 101,000 acres, compared to 184,000 last year
Missouri: 850,000 bales, compared to 684,000 in 2020; average yield of 1,316 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
Tennessee: 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
