USDA January Production Report

In its January crop report, USDA estimated a 2017-18 U.S. crop of 21.26 million bales. Upland production was estimated at 20.57 million bales and extra-long staple (ELS) production at 693,000 bales.

Harvested area was an estimated 11.35 million acres, implying a non-harvested area of about 1.26 million acres based on USDA’s revised acreage report. The resulting abandonment rate is about 10.01%. The national yield per harvested acre was estimated to be about 899 pounds, 60 pounds more than the five-year average.