USDA makes modest changes for cotton, rice crops

USDA makes modest changes for cotton, rice crops

The USDA has reduced its estimate for 2019 cotton production, but the crop should still be much larger than a year ago.

Upland cotton is pegged at 20.981 million bales, 1% less than in September, but up 18% from 2018, with a significant increase in acreage cancelling out a lower average yield. Currently, the USDA has average yield for upland cotton at 820 pounds per acre, compared to 826 a month ago and 847 a year ago, with 2019 harvested area at 12.281 million acres, compared to 9.957 million in 2018.

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