The USDA has 2022 cotton and rice production below 2021 levels.
The upland cotton crop is pegged at 12.163 million bales, falling 29% on the year with a higher average yield canceled out by much lower acreage. The average yield for upland cotton is expected to be 837 pounds per acre with harvested area of 6.977 million acres. In 2021, upland cotton production was 17.191 million bales with an average yield of 813 pounds per acre and harvested area of 10.149 million acres.
