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The National Cotton Council's early-season survey shows US farmers intend to plant 12 million acres of cotton in 2022, up 7.9% from 2021. Southwest growers plan a 7% increase, with a shift from sorghum and wheat to cotton in Texas, Kansas and Oklahoma.
Expected production is about 17.3 million bales based on average yields and abandonment rates.
Higher cotton acreage points to more cottonseed supply later in the year, which weighs on cottonseed meal. Shifting acres away from sorghum and wheat could tighten those feed grain supplies.
texasfarmbureau.orgJulie TomascikFeb 21, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
