USDA December Production Report

In its December crop report, USDA estimated a 2023-24 U.S. crop of 12.78 million bales. Upland production was estimated at 12.45 million bales and extra-long staple production at 331,000 bales.

Harvested area was an estimated 8.02 million acres, implying a non-harvested area of about 2.21 million acres. The resulting abandonment rate is about 21.61%. The national average yield per harvested acre was estimated to be about 765 pounds, 93 pounds less than the five-year average.