U.S. Cotton Crop Forecast Reduced but Highest in 3 Years.
Thee USDA’s first survey-based estimate of the 2024/25 U.S. cotton crop is 15.1 million bales. Although 11 percent below last month’s projection, the estimate is 25 percent above last season’s final estimate of 12.1 million bales. The 2024 cotton planted area estimate of nearly 11.2 million acres is based on all available data, including the latest certified acreage from the Farm Service Agency. This season’s cotton planted area is 9 percent above 2023/24, as cotton prices heading into planting season were more favorable relative to other crops. With improved moisture conditions compared with a year ago across much of Texas—the largest cotton-producing State—the early-season U.S. abandonment projection is reduced compared with last year. A U.S. abandonment rate of 23 percent projected for 2024/25 is below the year before and less than half the 47 percent record for 2022/23. U.S. cotton harvested acreage is forecast at 8.6 million acres, the highest in 3 years. The U.S. cotton y...