USDA January Production Report

In its January crop report, USDA estimated a 2019-20 U.S. crop of 20.10 million bales. Upland production was estimated at 19.38 million bales and extra-long production at 722,000 bales.

Harvested area was an estimated 11.81 million acres, implying a non-harvested area of about 1.93 million acres.

The resulting abandonment rate is about 14.07%. The national average yield per harvested acre was estimated to be about 817 pounds, 35 pounds less than the five-year average.